Learn carefully about the “Vacation Ownership Contract” to avoid being scammed

Some businesses and organizations take advantage of the lack of regulations, management mechanisms, and tourists' trust to defraud and sign economic contracts with terms unfavorable to customers.

“Holiday ownership contract” is a tourism model that provides pre-purchase services for vacation rights at one or several hotels or resorts for a certain period of time seasonally or continuously for many years depending on the agreement signed between the parties.

This model has been implemented in Vietnam and has attracted public attention. Besides the name “Holiday Ownership Contract”, this business also has other names such as “Resort Contract”, “Tourism Vacation Ownership”, “Family Vacation Contract”, “Service Card Purchase Contract”…

However, recently, the business of "vacation ownership contracts" has become complicated, with signs and suspicions of customer fraud.

Some businesses and organizations take advantage of the lack of regulations, management mechanisms, and tourists' trust to defraud and sign economic contracts with terms unfavorable to customers.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/tim-hieu-ki-hop-dong-so-huu-ky-nghi-de-tranh-bi-lua-dao-post1070862.vnp