Affordable luxury resort residences for the Baby Boomers

The purpose of this thesis is to determine the business viability of Oasis Destination Club, the first destination club designed entirely for the upper middle income baby boomer. The baby boomer generation is the largest demographic group in the United States, numbering 78 million individuals, between the ages of 41 and 59. As this demographic group ages and nears retirement they are seeking out ways to spend their vacation time. Many are considering vacation housing products; however, there are several key issues surrounding vacation home ownership that are not addressed by the current vacation housing products. These key issues include: 1) overall cost, 2) lack of variety in destinations, 3) illiquidity of investment, 4) inflexible use models, and 5) lack of services. To address these key issues destination clubs were developed. Club members are granted use rights in a portfolio of residences located in different destinations around the world. Each residence is large enough to accommodate a family or group and services are on a par with a well run hotel. In recent years destination clubs have experienced very strong growth in the upper income or high net worth market.

Department dc:contributor.department

Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2005

Author dc:creator

• Boyer, Mark Valdez

Advisor dc:contributor.advisor

• John Kennedy.

• Urban Studies and Planning.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/33189

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/33189