Has anyone had any negative experiences with The Holiday Club - the one from the Gold Coast, Queensland?

Question

We've signed up for shares, and are having second thoughts before our cooling off period expires.

Answer 1

We too recently signed up and forked out the $1179 initial outlay to The Holiday Club.

We did our research and the company is indeed legit however we decided to pull out as it appeared to us that it wouldnt start 'making money or saving money' for at least another 12 years.

Our arguements against were:

- the locations of the hotels were not inner city as we prefer

- Some hotels only have 1 or 2 suites available and with the number of people interested we thought it would be difficult to book where and when you wanted to.

- Most place required a minimum week long stay

- You have to stay friday - friday you can't start your week when you like.

- The cost of paying off the yearly fee and the one off fee would equal more then one weeks holiday.

- We often don't go away for an entire week

- In order to make the most out of the points you needed to book last minute and again with that and the lack of room that may be available that you risk missing out

- The lack of hotels in capital cities

- The fact that they can change the points required at any time and in turn force you to pay more to get any value

- The points needed for our prefered hotels were a lot more then those in the bush and again that you can't stay a weekend but only a week

We simply rang them up and spoke to Melissa (our contact) and told her we had changed our mind, we had to post back to them the orange folder (make sure you remove the financial contact and anything with personal details) and they refunded the entire deposit.

If you have any further questions feel free to email me via the link on my profile.

Let me know what you decide.