7% increase in the Club Service Fee for 2022
Royal Resorts works hard to keep Club Service Fee increases to a minimum. However, external economic and pandemic factors have had a serious impact on resort finances in 2020 and 2021. This has been especially the case in 2021 when a less favorable exchange rate, price rises and an inflation rate of 5 percent played a role and left us with no option but to increase the Club Service Fee for Fractional and Points memberships by 7%. This decision was made at the Advisory Council meeting based on a recommendation by Royal Resorts Management and approved by the Advisory Council. To see the breakdown of the 2022 Club Service Fees, log in to the Owners Area of the Grand Residences website.
The Advisory Council Report and financial statement will be published in the Owners Area in the weeks to come.