"And the timeshare sales are the cream on the cake?"

The notion of timeshare was founded in Europe in the 1960s by the ski resort developer Hapimag. A timeshare is a system of part-ownership, whereby holiday makers can buy a share of a resort property and are then allowed to use the property for a certain amount of time in the year – this is often the same one or two weeks every year. Timeshare owners can use the property during this time, rent it out, lend it to a friend or perhaps switch with another timeshare owner. Many large hotel chains as well as private property developers have bought into timeshare; it is a popular form of holidaying, especially in the USA, but unfortunately has led to many scams, such as the one imagined in ‘When the Siren Calls’.