A timeshare is a property ownership model that allows multiple individuals to share the use of a vacation property. Each owner purchases the right to use the property for a specific period each year, typically one week. This arrangement makes vacationing more affordable, as the costs are divided among several owners. Timeshares can be found in various locations, often in popular tourist destinations. Owners may have the option to exchange their time for stays at other properties through companies like RCI or Interval International. This flexibility can enhance the vacation experience by allowing access to different locations and accommodations.