Knesset Bill Gives Time Off From Timeshares

A bill aimed at helping consumers stuck in long-term contracts gets watered down after the owner of the Club Hotel chain met personally with MKs and hired a lobbying firm to advocate on his behalf.

The basic idea behind timeshare vacations is that multiple parties hold ownership rights to a single property – usually a resort or condo – and are allocated a certain amount of time (a week or two per year, typically) to use it.  It’s like having a summer home that you don’t have to maintain on your own but that’s always waiting for you on, say, the third week of August, right next to the beach...