During Economic Trouble, Timeshare Ownership is a Vacation Safe Haven. April 2, 2008
Posted by Bryan Connelly in : ARDA, Customer Comments, Donate a Timeshare, Fairfield Timeshares, General, Marriott Timeshares, News & Events, RCI, Timeshare Rental, Timeshare Resale, Travel, Uncategorized, VOIC, Wyndham Timeshares , trackbackHotel companies have been found vulnerable to the once supposed economic slowdown. The US has been writhing with talk of this ominous economic slowdown that is affecting fuel prices, airfare, and the housing market. As every other lodging company panics in fears of a recession, the timeshare industry has been a beacon of hope for those in the hospitality business.
At Vacation Property Resales we have seen unwavering success in the timeshare resale business. While many consumers are tightening their spending, timeshares bring such an economic advantage that many American vacation-goers are beginning to find solace in this cost-effective travel option. Susquehanna Financial Group’s gaming, lodging, and leisure analyst Robert LaFleur said in a recent interview that timeshares continue to very profitable businesses while also providing a way for companies to extend their brand.
Hotel companies like Marriott International have anticipated a troubled future. In March 2008 they lowered their revenue per available room (RevPAR) growth target. RevPAR is a measurement of performance in the hotel industry typically calculated by multiplying a hotel’s average daily room rate, by its occupancy rate. Starwood Hotels & Resorts had also projected a low RevPAR growth of only 7percent in 2008, down from 10.2percent last year. It is RevPAR estimates like this that have led some investors to fear an industry wide slowdown—as these companies have seen double-digit gains in past years.
While hotel sales may be experiencing a lull, those established in the timeshare industry have not seen significant weakness in the U.S. market. CNN Money reported on March 28, Wyndham Worldwide had vacation ownership revenue rise 4percent, while Marriott’s timeshare sales and services are up 2percent. Apparently consumers have not let whatever economic troubles they have seen affect their leisure. Buyatimeshare.com has also seen owners sticking with their timeshare purchases. People are finding timeshares to be a cost-effective alternative to owning a vacation home. Compared to a mortgage, and second home ownership maintenance costs, vacation property ownership is extremely cheap—especially after consumers have purchased the first one and have seen the amenities, luxuries, and affordability of timeshare ownership.
Such an affordable alternative to second home homeownership, timeshares have increased in popularity among those who would otherwise own a vacation home. In today’s unsure marketplace, vacation home owners have opted to defray costs and make their homes available as a vacation rental. Even during America’s economic fright, timesharing is a safe and consistent way to ensure you get a vacation when you need it. Even though folks may not spend as much on vacation, they will vacation and will want to at a desirable destination found at BuyATimeshare.com
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[…] During Economic Trouble, Timeshare Ownership is a Vacation Safe Haven. CNN Money reported on March 28, Wyndham Worldwide had vacation ownership revenue rise 4percent, while Marriottâs timeshare sales and services are up 2percent. Compared to a mortgage, and second home ownership maintenance costs, vacation property ownership is extremely cheepâ”especially after consumers have purchased the first one and have seen the amenities, luxuries, and affordability of timeshare ownership. Such an affordable alternative to second home homeownership, timeshares have increased in popularity among those who would otherwise own a vacation home. In todayâs unsure marketplace, vacation home owners have opted to defray costs and make their homes available as a vacation rental. The Association of Timeshare Owners committee (TATOC) Annual Conference Announced New plans for timeshare ownership. read more […]