The Timeshare Industry in a Global Scope

The Timeshare industry holds a strong market potential worldwide. This obvious manifestation supports the fact that the US Timeshare industry is still on a growth curve in spite of the fact that the US economy is experiencing a decline in the housing market or real estate and fuel prices increase. This served as an indication that the timeshare industry did not fall to the economic woes and is still doing well amidst the economic downfalls nowadays. Since change is inevitable, the trend for vacation do vary from time to time especially today that possible consumers are opting for alternative vacations that would only demand them less spending for travelling. This just means that they aim and would want to pursue vacations that would only require lesser or shorter time and expenses to travel and closer-to-home stays.

The effect of the financial crisis to the vacation ownership industry varies among the different continents around the globe. Europe is still facing a downside in their timeshare industry but they do desperately try amending some rules and regulations to intensify and help increase this industry in their area. It is therefore assumed by them that the resume of the growth of this industry would be the same as to what happened in the 1970s and 1980s.

There’s also a great potential that might emerge today on the vacation ownership markets in Asian countries. Examples of these countries would be India, Singapore, China, Malaysia and Indonesia. This has been said so because holiday destinations there are of higher demand due to the growing affluence of Asians and because of their region’s established low-cost airlines.

This is a report that shows the study on the dynamics of the timeshare industry internationally. It further reveals their analyzation on the expected regions that would experience a higher growth in the industry and the European region also that is struggling with some regulations that they need to establish and the likes to help further the vacation ownership there. It also gave a brief knowledge about the US timeshare industry’s high growth amidst an economic slowdown.

There are four major vacation ownership industries that are of competitive intensity- Wyndham Vacation Ownership (Wyndham Worldwide), Marriott Vacation Club Ownership (Marriott International), Hilton Grand Vacations Company (Hilton Hotels) and Starwood Vacation Ownership (Starwood Hotels & Resorts). Also a good add in this article would be those timeshare transfer companies that would help timeshare owners be freed if in case they want to get rid of their properties, Timeshare Relief, Inc. is one of the leading ones in these kinds of companies.

An Escape From Timeshare Units

Buying a vacation home was once a good way to spend a wonderful vacation with the family. With timeshares, it not only offers you the first class facilities, amenities, and services but also allows you to save more than staying in an ordinary vacation package.

But when recession hit the world economy, finances were hard to manage. Goods and commodities’ prices kept increasing as well as the services rates. Companies have run out of gains and received a big chunk of losses. In effect, jobs were cut down, thus making it more difficult for an individual to survive.

And with this, an ordinary citizen needs to cut down his expenses too. The tables have been turned due to economic recession. Not so long ago, you can still afford to pay the annual maintenance fees. But now, it has been very difficult to pay it up to date. You tried selling it, yet you feel it doesn’t make sense. Someone offers it at a very low price—a very insulting price in exchange of the timeshare you well loved.

But I’m sure it did cross your mind to just abandon it. Anyway, you are not using it anymore. With this, I can say, you’re wrong. Once you neglect your responsibilities, you might be charged more. The timeshare company might hand the case to the court and sue you. That’s another additional fees and penalties. And if you still refuse to pay then you might end up in jail.
So, why do you think timeshare companies wouldn’t want you to get out of your timeshares when in fact you don’t use it anymore?

If companies will just allow people to escape from their financial responsibilities, then there would be more vacant timeshares. And this will be a burden on the part of the company. In short, no company would want you to just evaporate without settling your fees. As long as you are tied up with it for whatever valid reasons you have, then there’s no way you can escape from it.

My advice is to go back to your timeshare company and negotiate it with them. Tell them that you no longer can sustain the finances and that you are not using it anymore. Be ready for some cash settlements. Or you can auction your unit in eBay, Craigslist, etc.

More Timeshare Developers compete—Walt Disney is definitely on the game!

There are already a lot of luxurious timeshare developers that offer great vacation accommodations to people around the world. Last April, G Worldwide announced that they are developing more resorts and hotels for gays to enjoy. In 2011, people will expect a big property in construction with all-in-one accommodations like a gym, spa, bars, restaurants, etc. However, in just a snap, another timeshare developer beat them in offering more luxurious timeshare resorts with high-quality accommodations.

There are a lot more timeshare developers competing in the market these days. Many of these most popular developers are expanding their business to the global market.

Recently, world-renowned Walt Disney is ready for the competition. What they currently offer is for people to live in the Disney world. However, it’s a different style for Disney. People get to buy lots inside the Disney Park. It’s up to them whatever they want to construct. They can build their own houses or if they want, a whole new resort or a rest house for them. Disney is giving consumers more options, while they continue to attract and entertain them with their rides, museums, and other attractions that are of Disney’s signature.

A Couple Wanting to Unload their Timeshare Gets Victimized

Tom and Barbara Remy, from Massachusetts were already desperate to get rid of their timeshare property. At first, they were enjoying their vacation at the property, but it was beyond their expectation that that annual fees of their timeshare started to become a burden for them.

Worldwide Marketing Solutions, a timeshare resale company contacted them and offered to sell their timeshare. The agent made a convincing sales pitch, saying that they could sell their timeshare in England because there is a great demand for it there. This is an offer which they cannot resist at all.

As part of the company’s services, Tom and Barbara were asked for a fee of $1,200. Again, the agent explained where their payment would go. After that, the couple gave the company the exact amount they asked for. Two weeks after their deal, they phoned the company, but no one answered them.

However, months after the transaction, a new company contacted the couple again to bring “good news” to them The agent said that they are taking over Worldwide Marketing Solutions and have found a buyer in England for their timeshare property. Again, the agent asked for a closing payment that costs $3,894. Without hesitation, the couple paid them.

The couple phoned the company weeks after the transaction. Again, there was no answer. This time, it was for real. The company had vanished and their money was taken away from the couple.

US Campaigns on Getting Rid of Timeshares

America has been serious about the ongoing turmoil among timeshare owners. The economic crisis had urged these owners to give up their expenses on timeshares. It has been a financial burden for these owners who continue to pay for something they don’t anymore use at all.

The first instinct of a timeshare owner when he feels financially incapable already is to reduce expenses. For them, selling their property is the key. And so they find ways and means and develop strategies in which they can dispatch it as soon as possible. But due to the recession, there is an influx of timeshares in the market making it hard for these timeshare owners to be seen and found.

And scammers have spread everywhere trying to ditch every single timeshare owner in town. They did it in patterns like calling up, making promises, asking for your credit card numbers, and disappear like a thief in the night. Since the owners are desperate to sell their timeshares, they are easily the victims of these frauds.

Some tried donating it in order to be auctioned for a charity cause. Some tried renting it out so there is still money to pay for the maintenance fees.

In order to address the burden of timeshare owners in paying for its maintenance fees, and to avoid being scammed, Transfer America, will be holding a seminar for timeshare owners who want to get rid of their timeshares. “Get Rid of My Timeshare” will be conducted in Arkansas, Arizona, Georgia, Alabama, Oklahoman, Tennessee and North Carolina on June 11 to June 14, 2010.

The said seminar shall tackle on the effect of the economic downturn that resulted to a massive timeshare resale market. It will also present the successful tactics and strategies needed to “create the perfect timeshare trap”. It will open your minds to the possible financial impact of your used or unused timeshares. Also, it shall present some documented research on timeshares from “governmental agencies, main-stream media, and other well-known print publications”. Moreover, the seminar shall provide the trusted methods on how to turn your backs from timeshares successfully.

Carolyn and Larry MCullen, owners of an RV timeshare have tried various ways to sell their timeshare and the price went down as low as $295 to sell it.

This seminar requires a pre-registration during which the specific times and locations will be provided. There will be sales offer during the event but the audience will not be forced to purchase.

Timeshare Relief in Vermont

Who wouldn’t be encouraged to stay in a place like Vermont where you can see green mountains, covered bridges, and amazing mountain peaks? Its beautiful location is conducive for skiing and snowboarding during the winter season that the whole family can enjoy. Hiking, biking and other summer sports activities are the best in Vermont. You can choose Smugglers’ Notch Resort, a famous family resort, or the Sugar bush Resort that is 45 minutes away from the airport.
But though Vermont is as beautiful as a paradise, you cannot discount the fact that owning a timeshare unit has not been good after all.

The rise of commodities as well as services prompted the global recession. Jobs were cut off, bank loans were impossible. Everything seems to fall apart. And with this, it affected majority of the travelers and vacation-lovers to spend a wonderful holiday in any timeshare destination.
And now, your financial status is likewise affected. You yourself know that you no longer can afford of the increasing annual maintenance fees. You don’t get to spend a vacation in a unit since you no longer have the time to do so because of the many part time jobs that you’ve decided to enter. In short, having a timeshare Vermont is not at all practical and you just badly wanted to get away with it.

Well there are solutions in which you use in order to be freed from the clutches of your timeshares. First option is to sell or rent it. By selling, you no longer own the rights of your unit. When you let others rent it, you are generating income that at least could help you pay the maintenance fees on time. Or you can simply post an advertisement in the internet in which millions of people can view your timeshare sale. And the list goes on and on.

But the best resort to this problem is to inquire your Timeshare Relief Vermont—if your unit is in Vermont. The organization provides assistance to timeshare owners who wanted to successfully transfer the ownership of their unit immediately. These are people who are experts in the field that will not allow you to pass on the financial burdens of acquiring a timeshare. The organization was founded by Cindy MacMillan and David MacMillan who were also former timeshare owners.

Sol Melia Vacation Club Opens Two New Timeshare Properties in Croatia

Sol Melia Vacation Club continues to boom in the timeshare industry in 2010. In 2009, the different resorts of Sol Melia gained a lot of profit from all the timeshare properties that were sold, despite the economic recession. Their profit and sale increased up to more than 100% last year. The biggest increase they have.

Sol Melia Vacation Club has over 300 resorts in 28 countries worldwide. The resorts are located in Florida, Mexico, Puerto Rico, USA, and even in Europe.

As Sol Melia Vacation Club continues to boom and at the same time be of great service to more people, they recently opened two more luxurious resorts in Umag, Croatia. The two new resorts, namely Melia Coral and Melia Istran Villas live up to the great quality and advantages that Croatia as a place offers. These two resorts also continue to be beneficial, with great services and accommodations that also live up to the name of Sol Melia.

The features of Melia Corral include: 244 rooms, 6 suites, one spa, one pool, a solarium, a tapas bar, a Mediterranean tavern, plus two outdoor areas, the Club Elite Automat and the Beach Club that the timeshare owners can enjoy.

On the other hand, Melia Istrian Villas has over 180 properties on the sea’s edge. It has 15 tennis courts that a lot of people can enjoy for free. Melia Istrian Villas also boasts great architectural design. They also have the new O Grill restaurant.