Word: fee
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Dates: during 2000-2009
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Destination clubs, in which you plunk down a sizable deposit and pay an annual fee for access to luxury resort homes around the world, aren't the bargains they once were. Many are raising fees and dues, and some are shedding properties and initiating stricter reservation systems. And in the wake of a July bankruptcy filing by Tanner & Haley, the industry pioneer, the possibility of losing your privileges and your entire deposit has come front and center...
...there will be just one or two clubs in each of three or four price points, says Addoms. A couple of clubs are vying for Tanner & Haley's assets. A few weeks ago, high-end clubs Solstice and Parallel agreed to merge. Just about everything from growth plans to fee structures is in flux, and the industry remains lightly regulated...
Your top concern is the safety of your membership fee. Most clubs agree to refund 80% when you quit. So insist on proof that the club has enough assets to fully refund all members. Ask how long it takes to get a refund. Most clubs won't pay until they get two or three new members--a problem if growth stalls...
...normal answer, followed by: I don’t actually know, because most Harvard students live in dorms all four years. This is usually greeted with some mixture of horror and pity. The same goes for their reactions to my explanation that I pay a solid annual board fee and therefore am guaranteed three meals a day in my dining hall. My friends don a uniform expression of shock and issue a similar: “Doesn’t that suck...
...can’t believe it,” he said of one of his books, obeying his instruction to self-promote. “I say, ‘This guy’s fantastic!’” Girard waived his normal $25,000 speaking fee for yesterday’s event, which was sponsored by the Harvard Business School Public Speaking Club as part of their Outstanding Speaker Series...