Timeshare Companies Seek Relief from Continued Losses on Sales

Timeshare resorts and hotels offering winter attractions and facilities are expecting better sales this coming season. Of late, many timeshare companies have been suffering heavy losses on sales and revenue with the droves of timeshare owners who are getting rid of their timeshare vacation packages. Most potential timeshare patrons today are more hesitant to spend on new timeshare purchases. In addition, existing timeshare owners are wishing to be free from their timeshare due to the expenses required in maintaining timeshares. Timeshares in off-peak and seasonal locations are more affected by the weakening of the industry with extreme losses in sales during the last season.

Moreover, timeshares in warmer regions are also expecting better sales this coming holiday season. One of the top ranked destinations this coming winter is Dhubai with Thailand, Egypt, Antigua, and Australia following close. Dhubai has recently gained worldwide attention due to its massive infrastructure projects on tourism. Today, there are countless timeshare resorts and hotels located in Dhubai, and the country boasts of one of the only two Seven Star hotels in the whole world, the Burj Al Arab. However, timeshares in Dhubai still possess the perpetual scourge of many timeshare owners in the world—timeshare maintenance fees.

Winter location and warm region timeshares all have something in common, timeshare maintenance fees. The presence of these hefty fees has indirectly caused, to a certain extent, the current state of the timeshare industry. Many timeshare owners have been availing of any form of timeshare relief available just to be free from their timeshares. This phenomenon has resulted in much lower revenue for many timeshare companies around the world and consequently affected the general state of the timeshare industry itself.

Owners Trade Timeshares for Limited Relief

Timeshare companies today are affected by the emerging trend among timeshare owners who are seeking for any form of timeshare relief in order to be free from their timeshares. Hence, timeshare companies today are reviewing their timeshare business models and are implementing novel business practices to stem the flow of timeshare owners who are getting rid of their timeshares. One of the alternatives to timeshare vacation packages presented by a lot of timeshare companies is the innovative concept of timeshare-swapping. However, the details of this mode of timeshare ownership do not differ much from the original timeshare business model.

Many timeshare companies bestow a multitude of names for timeshare swapping or timeshare trading. As a matter of fact, most timeshare swapping promotional programs do not mention the term timeshare at all. Nevertheless, it is readily plain that timeshare swapping or any of its myriad appellations still embodies the basic principles of timeshare ownership. Timeshare trading allows owners to swap their timeshares in for another timeshare in another resort, which in most cases are resorts controlled by the selfsame timeshare developer. This provides some form of timeshare relief for the inevitable boredom that plagues a lot of timeshare owners in relation to routine vacations year after year.

However, timeshare trades are not that easy to execute. In most cases, owners would have to wait the better part of a year in order to find a willing timeshare trade recipient. Some owners of off-peak timeshares in off-peak locations will not receive any willing trade recipients at all. Worst, timeshare swapping still involves the continual existence of timeshare maintenance fees and other periodic bills. Hence, timeshare swapping is still not an answer to completely dispense with the inherent evils of timeshares which has caused a lot of owners today to ultimately get rid of their timeshares.

Timeshare Relief for Movable Property and Resort – Type Timeshares

Of late, luxury timeshare vacations are fast losing their novelty. This is somehow caused by the growing number of timeshare owners displeased over their timeshare vacation packages. Some of these owners are eager for any manner of timeshare relief that would come their way. The novelty of timeshare vacation packages is overbalanced by the hefty fees associated with timeshare ownership. Hence, more and more owners are seeking ways to be free from their timeshare vacation packages.

Timeshare hotels and resorts can be found in most of the vacation destinations in the world. Peak vacation destinations such as Hawaii or the Caribbean almost always have timeshare vacation getaways in their territories. The timeshare model has spread globally since its inception in the 1970s by a Frenchman. In fact, timeshares today are not limited to immovable property such as hotels and resorts. There are also several timeshare models that capitalize on movable property as their main source of attraction.

Today, timeshare business models are applied in all manner of chattel properties as there are now timeshares for sale in yachts, caravans, and safaris. Owners who purchase timeshares for a yacht will have exclusive ownership rights on that yacht for a specified duration of time. This also goes the same in timeshare safaris where owners can purchase timeshares for week long safari expeditions.

Timeshares on movable property have different timeshare liabilities for their owners compared to more traditional timeshare real estate packages. However, maintenance fees still exists in all kinds of timeshares. Thus, timeshares on movable property still require owners to pay a corresponding fee to counter the effects of normal wear and tear. By reason of this financial stress, many owners of timeshares on movable property today still wish to get rid of their timeshares, much the same as owners of more traditional vacation packages.