The recent bankruptcy announcement of the Ultimate Escapes private luxury vacation rental club proves that vacation and destination clubs are a risky investment and offer disappointing vacation experiences. Luxury vacation clubs
The private luxury vacation rental industry typically remains under the radar as far as the news is concerned. Lately, however, corruption and poor service has begun to affect luxury vacationers on a level that even the press is taking notice. Last month, we reported on how a Russian billionaire was frauded out of thousands of dollars by an concierge and luxury vacation rental provider in St. Tropez who charged their client for a fireworks show that was put on my the city. While this is an isolated case, it sadly has become indicative of many luxury vacation rental providers throughout the world.
