International Interest in Timeshare and Resales

International Interest in Timeshare and Resales January 16, 2009

Posted by Bryan Connelly in : ARDA, Fairfield Timeshares, General, Hilton Grand Vacation, Hilton Head Island, Marriott Timeshares, News & Events, RCI, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized, Westgate Timeshares, Wyndham Timeshares , trackback

Despite economic troubles in the U.S, the economy has not really affected global interest in timeshare. Vacationing abroad is still popular and rebounding after a summer fraught with high fuel prices and struggling timeshare developers. All over the world, people are paying attention to the timeshare phenomenonâ€”finding an inexpensive portal to a luxurious vacation thousands of miles away from home.

Hospitality Superpowers like Wyndham, Marriott, Starwood and Hilton have become nearly dependant on timeshares in recent years. 2008 was especially disagreeable to developers, evaporating their market value considerably. Wyndham Worldwide expects about a $1billion slip in vacation ownership sales over 2009. A trend that swept through the industry eliminated sales offices and marketing programs. Brands are predicting that 2009 will be tough as demand is anticipated to weaken further.

International occupancy of U.S timeshare has grown from about $2.7 billion $10.6 billion in a mere decade. Regardless of recent news, worldwide interest in timeshares has not slowed. Timeshare ownerships in countries like India are running rampid. RCI has witnessed a 39 percent growth rate from 2007 to 2008. RCI says it has seen a 40 percent increase in confirmed sales from its members in Goa, India over 2008.

Hilton Grand Vacations Club has noticed a remarkable correlation between international tourism and timeshare use. In response to this, Hilton has opened the Grand Waikikian, its fifth resort on Hawaii. The Aloha State had reported a declined in tourism down to a hotel occupancy of only 60 percent. Though the sum of U.S visitors to Hawaii is dropping off, there recent reports illustrate an increase in international tourism visiting timeshare destinations in Hawaii.

Due to the ever-growing popularity of timeshares, European parliament is working to tighten rules on EU timeshares companies. Timesharing is becoming widely used among Europeans who had been dealing with decades of bogus sales and resale companies. BuyATimeshare.com has been seeing this increase in offers from international vacationers, adding staff to compensate. Most of the people that visit our site are from all over the globe. They have dealt with scams before and are typically seeking a reputable company to help themâ€”BuyATimeshare.com the company they chose.

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