Regulations that can Boost Timeshare Sales

Nassau Guardian recently published a write up on how to improve the regulations in Timeshare Bahamas and Caribbean that should help in boosting the sales of timeshare in the region. There seems to be a potential for high bulk of sales for timeshare since the Caribbean is just close in the US.

David Gilbert, the Interval International Executive Vice President of Resort Sakes and Marketing said in an interview that the one thing that the companies who are in the business for a very long time will be investing or have invested interest in the industry. In return they would like to see some results and progress in their developed projects which has a positive regulatory environment that the people believe in and respect. He also added that their company as well as other companies would like to see laws in a place where consumers are protected and it can be a very good step for the Caribbean countries to carry out a constructive and statute law that can not restrict the developers in building their establishment but instead, it would protect the avid and future consumers as well.

Mr. Gilbert also mentioned that the larger players in the timeshare industry, for one, look for a good regulatory environment since they don’t want to develop and put up a project next door that might eventually go bankrupt or close down which would result in losing all the money of the consumers. This kind of negative publicity, he added, is going to strike their project, so new comers which are interested in the industry are really looking for a place or an area that has put up standard laws so that their projects will be guarded as well as their future consumers.

This kind of idea is both beneficial for the consumers and developers since they believe that the people that have confidence in the system will good for the business. This way, the consumers will feel that their long term vacation accommodations are safely guarded. In addition, the developers would also be saved against some financial failure because without these regularizations, the worst situation would come out and negative publicity would arise which might result for a timeshare project in the area to become financially unworkable.

Taking precautions in putting up a business in the timeshare industry is a big must since a lot of people might get affected if something unfortunate comes up. A lot of timeshare businesses have already experienced major loss in their company due to the economic turndown and these regulations that timeshare is planning to have will probably help gain the consumer’s trust back and once again patronize the industry.