Timeshares in the Resale Market is Not Always the Relief that it Promise

Some vacation goers are already considering purchasing timeshares especially in the resale market. Timeshares in the resale market are from timeshare owners who are seeking for timeshare relief. Because of their desire to get rid of these packages, they are forced to price it lower than timeshares from timeshare companies. However, vigilance is required by timeshare prospective buyers in purchasing timeshares from the resale market.

No matter how affordable these timeshare packages are you should not take haste in purchasing any of it. Over promotion of these packages often happen so you have to watch out for your own relief. Such happens since the owners are intent to sell their vacation packages anyway they can. Some timeshares end up being marketed with more features and amenities than what they actually have to ensure successful selling.

To avoid such problem, it would be best to visit the property before finally purchasing the package. If the location is too far, ask a friend or a relative near the area to do so. Seeing the site first hand will assure you that all amenities and features stated are available in the vacation property. Also assure the presence of malls, grocery outlets, and other similar establishments. Those are important establishments because you will surely need to purchase stuff you’ve forgotten to bring along during your vacation.

Avoid purchasing timeshares in haste. That way, you will not end up regretting your decision. This is one of the best ways you can ensure that you will not need to get rid of your timeshare.

Emirates Luxury – Lovers Find Timeshares as a Relief

The timesharing system gained much popularity when it started out in the French Alps almost 50 years ago. However, because some of the timeshare owners are seeking for timeshare relief, the industry’s image is now tainted. But in the Emirates, timeshare is gaining popularity because of the financial crunch.

In the Emirates, people are finding the timesharing system beneficial. Timeshare companies are these countries are gaining clients because it provides luxury – lovers the opportunity to go on enjoying a luxurious lifestyle even during the financial crisis.

The deputy general manager of Arabian Falcon, Wael Hussein Amer, recognized that the people in the Emirates are attracted to timeshares because of the cost- sharing it provides the people. It enables luxurious goods buyers to enjoy luxury items at a fraction of the cost of these properties. These people get to share the costs and still enjoy the properties at times that they would want to do so, which usually lasts for a week.

It is an opportune time for timeshare companies to further their business in the Emirates. People are considering buying timeshares. These companies are priming up their business by adding up luxury items like private planes and yacht from the timeshare units and resorts they are already maintaining. The 4Yacht Arabia will be offering three to four timeshare yachts in the coming months.

Timeshares are actually beneficial. Prospective buyers in these countries will surely benefit from it. However, they may later on see the negative side of timesharing and end up getting rid of their timeshares.

Timeshare Relief Come in Write Downs for Timeshare Companies

A number of timeshare companies already announced the write downs on their timeshare engagement. This is mainly because of the financial crisis that the whole world experienced this past months. Timeshare owners seeking for timeshare relief may not even be a big factor to this dilemma. So without much improvement in the economy, these write downs will continue to occur for the relief of the industry.

For one, the decision of the Marriott International, Inc. around five months ago to write down $760 million was a big surprise to the industry. And just days before, the Starwood Hotels and Resorts Worldwide, Inc also announced a write down. They did so in time of their announcement of the fourth quarter earnings. It amounted to $362 million, including the amount of the raw land that they planned to use for timeshare complexes. The plan will be discontinued as well as other timeshare constructions that were in the pipeline.

Such decrease in development in the timeshare industry will cause some problem to the industry. There will be a decrease in new timeshares to offer and other timeshares may remain underdeveloped. This may not concern other timeshare companies but as long as the economy behaves this way, the timeshare industry will have to wait for its recovery.

Timeshare owners who are getting rid of their timeshares can then say that their decision is truly rational. Timeshare companies are even trying to support their operations through these write downs because of the financial crisis. So all the more should these timeshare owners make the same decision.

Timeshare Industry Requires Relief from the Recession

The recession affected all industries including timeshare. Timeshare industry then faced not only their problem with timeshare owners seeking for timeshare relief but also the decline of sales of the timeshare companies.

The accommodation industry suffered much because of the recession. A number of vacationers cancelled their vacation because they are pressed financially and going on a vacation was a luxury. Other vacationers opted to vacation on shorter period so they can save on their expenses. These decisions made hotels, fractional ownerships and timeshares lose some sales.

Timeshare was all the more affected when the financial institutions released more stringent criteria for financing approvals. Some timeshare prospective buyers found it difficult to get personal financing preventing them from purchasing a timeshare.

These difficulties became an industry – wide problem resulting to a decrease in sales. Because of the decrease in profitability, some timeshare companies had to close down other sales offices. Some also dismissed other employees to be able to decrease their operational expenses. The freebies that they used to offer were also removed. Those efforts are aside from the basic operational savings that they had to do.

The recession caused this much difficulty for the timeshare industry. Without their efforts to save on expenses, they will surely be forced to close down their whole companies. Timeshare owners, on the other hand, especially those who want to get rid of their timeshares will continue to increase in number. Only the freedom from recession will revive the whole industry as the case continues to worsen.