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.

World Cup Accommodations is Possible Relief for Timeshare Owners

A number of timeshare owners are seeking for timeshare relief with all the financial burdens that their timeshares are giving them. However, they are having difficulties doing so through resale and having it rented out. But sometimes, there are events that timeshare owners can leverage on to help them get rid of their packages.

Timeshare owners are being charged with maintenance fees and special assessments by their timeshare companies. The charges are regardless if they were able to use their packages. And so, some owners find it a waste to keep on paying for timeshares that they are not utilizing. These charges do not decrease in time. It only continues to increase. And so owners are considering to get out of their timeshare contracts.

The most common ways they try to get rid of their timeshares is through selling or renting out the units. However, doing so has become difficult because of the competition in the hotel and timeshare industry.

But certain events like the World Cup can be leveraged to be able to resale a timeshare. The units can also be rented out because of the sudden increase of demand for accommodations in the location of the event. South Africa will be receiving tourists and so timeshares can be marketed for their use.

Timeshare owners should prime up their marketing strategies to be able to get rid of their timeshares in locations of big events like the World Cup. Reselling timeshares or renting them out is very possible with the increase of demands.

Sharing of Maintenance Fees is Relief Solely for the Timeshare Company

Timeshare owners who are seeking for timeshare relief may not be aware but their decision to get rid of their packages affects not only the timeshare companies but also the rest of the timeshare owners. Not much is known about this matter but it is a good thing to be heard by timeshare owners.

Timeshare owners who are trying to be free from their timeshare contracts are doing so because of the responsibilities associated with their timeshares. Aside from the acquisition fee that owners pay for their timeshares, they are also regularly billed for the maintenance of the units as well as other special assessments that timeshare companies deem necessary for them to pay. And these charges continue to increase.

This financial burden makes these owners decide to get rid of their timeshares. However, this move will not only endanger the timeshare company but also the rest of the owners who will continue on keeping their timeshares. The maintenance fees that they will be leaving behind will now have to be handled by those keeping their packages.

The owners association will have to divide the amount to all owners to be able to continue on with the upkeep of the units. If the necessary payments will not be collected, the daily operations of the timeshare resort will be affected. If the operation of the resort will not be maintained and more owners will be dissatisfied with the service of the resort, they might end up getting rid of their timeshares themselves and the cycle will continue.

This is not to discourage you from getting rid of the package it’s just that other owners should know about this as well.

Timeshare Brings Vacation Goers to Croatia for Relief

A research group working for Travel Weekly found out that UK and Europe are the vacation locations mostly favored for the year 2010. Timeshare owners seeking for timeshare relief may perhaps draw on to that information to get rid of their timeshares. However, the responses from various vacation goers are not yet precise and may still vary.

More people are likely to travel Croatia among other countries in Europe and UK as it offers variety of views and activities. And since the country is composed of 1,000 islands, vacation goers have a great chance hoping to more than one island during their travel. They will surely enjoy the trip because each island has their own offering of unique vacation landscape to brag of.

Croatia can be one of the best timeshare locations for vacation this 2010. If you are a timeshare owner with property located in the country, you have all the reason to fully enjoy the benefits of your stay. You have all the time to explore different islands if you prefer not to stay to only one place, depending on your capability to spend all throughout your vacation.

As a vacation package owner, you have the freedom to rent out your timeshare to those who are looking for vacation rentals if ever you are not available for that package this year. You will be able to earn money and may use it to pay for a portion of the year’s bill. The amount may not be sufficient but at least you can get something from that unused package without totally getting rid of the timeshare.

What Approach Suits You Best to Obtain Timeshare Relief?

A year may have its own ending but obtaining timeshare relief still never finds its way to the end. Timeshare owners have different reasons why they want to get rid of their timeshares and they also have different options to obtain relief from their timeshares.

Various approaches were tried by timeshare owners who want to be free of the contract that timeshare brought them. However, whatever scheme they might have applied, the result remains almost the same – they are still bound to it.

This might be possible that the strategy they have chosen in finding timeshare relief is not the one that suits best to their necessity.

Try to evaluate which among these means can probably get your way off your already unwanted timeshare.

1. Sell your timeshare – though it is a very common strategy it is also the hardest action to carry out. This involves a lot of competition, not only with other vacation options but also with other timeshare owners. Not only vacation goers do the reselling of their vacation packages, but as well as timeshare companies themselves. However, trying this plan could also work out.

2. Rent your timeshare - if you want to earn from your timeshare and plan to use it in the future, you can always count on this approach. It may involve much competition but you can get the assurance that you’ll benefit from it without totally losing ownership of the property.

3. Donating a timeshare – there are some charitable organizations that will appreciate the act and may receive the offer. But some may also refuse it, though you have the intention to help, still it doesn’t work most of the time.

4. Giving the vacation package as a gift – your friends or relatives will absolutely appreciate it. Those who are willing and are capable of maintaining a timeshare will love to receive it as a gift.

5. Hiring a timeshare title transfer company – acquiring assistance from a reliable company can really be a great help to obtain timeshare relief. They have the service that can address your burden and can immediately free you from your timeshare contract.