Timeshare Resale Market Keeps Big Brand Resorts Selling and Rented October 28, 2009
Posted by Bryan Connelly in : ARDA, Customer Comments, Fairfield Timeshares, General, Hilton Grand Vacation, News & Events, RCI, Timeshare Resale, Timeshare Resource, Travel, Wyndham Timeshares , add a commentBuy A Timeshare.com has helped thousands of people sell, buy and rent their timeshares. Even though the economy changes, the consumer will always need a place to buy inexpensive vacation properties, and a place to liquidate the ones they already have. With an all-out recession wearing away at timeshare developers, timeshare use and resort occupancy remains high. Companies like Wyndham and Marriott have stated revenue is down, but they are still able to thrive as vacationers continue to use the time at the resorts they have paid for.
Occupancy rates are still much higher than projected, and while many resort developers are witnessing a dive in sales, Buy A Timeshare.com has been the solution for record-setting amounts of people looking to secure a bargain vacation. Thanks to innovations in online marketing and search engine optimization, this company continues to be the dominant force in the worldwide timeshare resale industry. The most sought-after brands in the world are available online for a mere percentage of what the resort will sell them for. With Bluegreen, Shell, and Hilton properties all selling for thousands of dollars less, it is no wonder the resale market is so popular!
Analyst at Bloomberg.com recognized the resale market and Sell A Timeshare.com as an alternative to paying too much for a timeshare property. A rental property could cost as little as $800-$1000 for a week at a luxury resort! Consumers are more computer savvy than they were a decade ago. A large portion of the sales decline big brand developers are seeing is in-part, due to the success of the resale market. Millions of people are exposed to the internet daily. Online sales are how today’s buyer purchases nearly everything. Why attend a presentation and buy for full price when the resale market can provide the same properties for a percent of the retail price?
Wyndham Worldwide, the largest seller of timeshare vacations in the nation, has had some success recovering from the recession. And while the sales are down, people are still flocking to there magnificent resorts everyday. Analysts at JPMorgan explained that Wyndham will cut 40% of its timeshare sector in order to improve cash flow and stock prices. Marriott has also taken action to battle the harsh recession. By cutting prices, development and perhaps even selling some of its undeveloped land, the hotelier expects to harvest what it can from its timeshare industry.
Chris Woronka, an analyst at Deutsche Bank Securities said “the main obstacle for the industry is that there will be a semi-permanent reduction in demand because developers would sell to people with relatively low credit scores. That won’t be possible anymore. This decline is a first for the industry since 1975. As tighter credit and slowed consumer spending has been affecting every facet of business. A loss of 6.9 million jobs since the recession started in December 2007 has made every consumer weary of spending.
Howard Nusbaum, president of the ARDA said the market will remain challenging for the next 18 months as research shows that timeshare has lost its appeal and its affordability. Though the downturn has hit tourism particularly hard, timeshares, due to its pre-paid nature, is better equipped that most to weather a downturn. The good news, he said, is that timeshare owners are still vacationing, and occupancy remains strong.
Two New Wyndham Affiliated Timeshare Properties in the Cayman Islands!! October 13, 2009
Posted by ivkr in : Fairfield Timeshares, News & Events, Timeshare Resource, Wyndham Timeshares , add a commentThe popular Wyndham Worldwide brand is now making its mark on the fabulous Cayman Islands! Located in the Crystal Harbour Safe Haven, the Grand Caymanian Resort was rebranded in January with the Wyndham owned Ramada name. This resort has its first phase complete, which consists of both timeshare and hotel units overlooking North Sound. Now called the Ramada Grand Caymanian Beach Club, this resort is recently renovated and construction is planned for the second phase of the resort.
Also in Crystal Harbour Safe Haven overlooking North Sound is the newly developed Wyndham Grand Bay Waterford. This is a private residence club consisting of 130 units divided into luxury villas, grand penthouses, and an elegant Great House, with spectacular furnishings such as crystal chandeliers in each room. The resort will also feature a 5,000 square foot spa, tennis courts, beach volleyball court, freshwater pool, hot tubs, and activities for all ages, as well as a dock with a fleet of boats with captains. The Wyndham Grand Bay Waterford has already stared construction and completion is targeted for the third quarter of 2011.
Wyndham is excited to make its branding mark on the Cayman Islands, which attracts nearly 1.7 million tourists annually. If you are interested in renting or buying one of these resorts on the resale market, keep your eye on BuyATimeshare.com
Wyndham Grand Bay Waterford
for the best prices!
Sell a timeshare.com Recognized for Proven Success in the Resale Market October 1, 2009
Posted by Bryan Connelly in : ARDA, Fairfield Timeshares, General, Marriott Timeshares, New Features, News & Events, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized, Wyndham Timeshares , add a commentAn article by Bloomberg.com has cited SellATimeshare.com, a domain of BuyATimeshare.com, as a successful alternative to paying more than $30,000 on your next vacation property. With an extensive inventory and a marketplace of owners looking to sell their timeshares, the timeshare resale website has helped millions of buyers, renters, and sellers. Competitive prices and the convenience of buying from home have made BuyATimeshare.com the world leader in the business.
As consumer spending has slowed, it has made things tougher for the developers to sell off inventory. Vacation-goers are skipping the sales presentations and buying for sale by owner from people who are looking to sell for less. Consumers are searching the internet for bargains. Without having to spend thousands of dollars more than they have to on a timeshare week, consumers are searching sites like BuyATimeshare.com and SellATimeshare.com for bargains on the same luxury suites buyers and renters are used to.
Developers and giant hoteliers are feeling the squeeze of the recession as folks are abandoning retail for the resale market to secure themselves an inexpensive vacation property. Wyndham Worldwide, the largest seller of timeshare vacations said it would cut nearly 40 percent of its timeshare sales. Marriott International, the largest hotel chain in the U.S. said it would cut prices and halt development as a result of a $760 million pretax.
Timeshare developers are witnessing a steady drop in sales but millions of people are still buying and staying in these properties every year. Usage of these luxury resorts hasn’t fallen below RevPar projections, since the resale industry is becoming the only way for today’s traveler to find a Marriott or Wyndham property for such low prices. Even memberships with RCI and Interval International are available. A $46,000 Marriott timeshare property is available for $25,000, or even $18,000 for sale. A week at these same properties can be rented for only $1,400 to $1,200 on BuyATimeshare.com.
Wyndham Owners Find Timeshare Solutions at BuyATimeshare.com May 1, 2009
Posted by Bryan Connelly in : ARDA, Customer Comments, Fairfield Timeshares, General, New Features, News & Events, RCI, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized, Wyndham Timeshares , add a commentWyndham Worldwide has filed numerous foreclosure notices in its timeshare resort in Durango, Colorado. The vacation property conglomerate filed over 30 foreclosure notices to owners who have been delinquent on their timeshare payments.
Despite economic troubles, financial responsibilities stay with us. Annual maintenance fees and taxes plague many owners whom feel these payments take a back seat. Reports state that many owners had multiple timeshare weeks at the resort. Wyndham announced that the foreclosure process will take place on May 21, 2009.
The company did not disclose specific information about the proceedings but Wyndham did mention that the 33 timeshare owners owed more than $10,000 each. A timeshare property is often expensive to maintain over the years, especially if you don’t get any use out of it.
BuyATimeshare.com has been working for over a decade to provide timeshare sellers with a trustworthy site to get great top brand resorts. The timeshare resale market is helping financially distraught owners get cash for the unused timeshare that is worth thousands of dollars.
Timeshare Solutions for All, from BuyATimeshare.com February 20, 2009
Posted by Bryan Connelly in : ARDA, Bluegreen Resorts, Charity, Customer Comments, Disney, Donate a Timeshare, Fairfield Timeshares, General, Hilton Grand Vacation, Hilton Head Island, JetShare, Marriott Timeshares, New Features, News & Events, Planet Hollywood, RCI, Sunterra Timeshare, Sunterra/Diamond Resorts, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized, VOIC, Westgate Timeshares, Wyndham Timeshares, silverleaf , add a commentThe timeshare industry has brought us affordable vacationing and access to the world’s finest luxury resorts. Recent straits in the U.S economy however, have triggered companies to pare staff by the thousand. Unemployment has grown to 7.2 percent nationally. In the aftermath of a tough credit market, top brands in the hospitality industry have shed sales departments and are in the process of scaling down.
Due to an increase in the demand for selling and renting timeshares, the resale market is witnessing a boom. Consumers are finding affordable vacationing during economic hardship and owners are getting their timeshares sold. Contrary to current conditions, BuyATimeshare.com has employment opportunities during a companywide upgrade.
The New Hampshire-based timeshare reseller and marketing firm, BuyATimeshare.com owners Wes Kogelman and Jason Hamilton grew up in the granite state and want to offer a legitimate solution for individuals looking to sell or rent their timeshare properties.
Kogelman stated “We have the most aggressive marketing program to bring buyers and seller of timeshare properties together; we’ve shown success with all timeshare properties throughout the world and want to offer people a risk free way to sell or rent their timeshare properties.â€
As a vacation property ownership can bring years of affordable vacationing, likewise they can become a liability. While annual maintenance fees pile up for some owners, others are unable to even enjoy their vacation property year after year. A growing number of people are liquidating assets and scurrying to pay their inflated home mortgages, BuyATimeshare.com has created the resale marketplace on their website to help in your efforts.
This is a significant tool in a world driven by internet technology. More and more owners cannot afford, do not use, or are just looking to sell or rent their vacation properties. “We’ve listened to our consumers and want to do everything possible to help. We are providing a month of proven risk free worldwide exposure,†Kogelman said.
In today’s economy, BuyATimeshare.com is looking to help however it can. The company’s founders are offering an inexpensive route to worldwide exposure. Those who want to get money for their timeshare, or are just looking to secure a timeshare without the inflated price at the resort, can enjoy the for-sale-by-owner benefits at BuyATimeshare.com.
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 , add a commentDespite 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 phenomenon—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 them—BuyATimeshare.com the company they chose.
Sell Your Timeshare for More with BuyATimeshare.com January 4, 2009
Posted by Bryan Connelly in : ARDA, Fairfield Timeshares, General, Marriott Timeshares, News & Events, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized, Wyndham Timeshares , add a commentWebsites like 10 Timeshare Secrets can help steer you toward a reputable timeshare marketer to get your timeshare sold.
There companies that spend the money on advertising and the technology necessary to drive timeshare buyers toward your properties. You do not list however, with someone who “already has a buyer.†That should be a red flag anyway (you cannot sell what you do not have). Whether it is a newspaper ad or a spot on Google, everyone will charge upfront. Anyone else will take a cut of the sale and sell it for a small percentage of what you paid, but it will probably get sold. Provided you work with the right company, a listing will reach the type of people you are looking for—buyers.
There are plenty of reasons to follow the piles of bad press on timeshare resale companies and maybe even timeshares altogether. Who can blame you? Timeshares are rife with fees and even if you do use it, it is an expense that requires maintenance and does not appreciate in value. Few owners completely understand the liabilities and benefits of their vacation property, often coerced into ownership by a finely tunes sales professional.
BuyATimeshare.com has the highest rate of success for selling timeshares in the industry. For years people have been finding the right timeshare packages to suit all of their travel needs.
If an owner’s life is not conducive to travel anymore, or if they cannot afford the expense, they typically look to rid themselves of the burden. And unless you are a trained sales agent with the ability to market your own timeshare properties, finding the right means of advertising is your best bet for selling a timeshare for anything close to the inflated price you may have paid from the timeshare developer.
As consumers and businesses are slashing leisure and travel costs, few are going to even consider primary sales, with the resale market gaining speed like it is. After troubles in the stock exchange pummeling big-name developers, stock value has dwindled down to half what they were in 2007. Halting developments and lopping off sales departments, companies like Wyndham have staggered, with shares down 70 percent, Marriott down 46%, and Starwood shares down 62 percent—just to put things in perspective.
BuyATimeshare.com Provides Affordable Timeshare Vacations in Todays Economy December 28, 2008
Posted by Bryan Connelly in : ARDA, Bluegreen Resorts, Fairfield Timeshares, General, Hilton Grand Vacation, Hilton Head Island, Marriott Timeshares, New Features, News & Events, RCI, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized , add a commentIn times when the U.S economy has been so rough, panic is setting in everywhere. The timeshare market had initially seemed impervious to housing troubles. But now throngs of people are being laid off and those who do have jobs are in a struggle. Fuel prices are dropping a bit but the airfare has not really changed. We are all feeling the pressure, though it is not too late to book travel. In this downturn it does not mean the end of vacations, holiday trips, and business travel.
Even during this year’s summertime hike in fuel prices, the timeshare market shook only a little. But as troubles affect everyone, the credit crunch has crushed so much that the timeshare market is crumbling under it own weight. After months and months of timeshare owners failing to afford leisure travel, more folks are unable to pay the fees and the financing of the $40,000 property they were sold by the developer.
But this is about timeshares, they are a great luxury when traveling and they can save you thousand of dollars on a trip anywhere across 6 continents. BuyATimeshare.com can get you cash for unwanted or unused timeshares. We bring a venue to the worldwide internet for buyers to find top brand resorts for 30 to 50 percent what the developer would market them for. When the owner of a timeshare was sold their package, chances are they were pressured a bit, convinced they could afford the grossly overpriced timeshare given the right financing.
Fitch Ratings illustrates the stressed timeshare marketplace with a timeshare ABS index that tracks the performance of the Asset Backed Securities. Fitch has reported a 34 percent increase in total delinquencies and a 52 percent increase in defaults. The outlook for the winter months, which is usually tough on resorts anyway, looks just as dreary. What is the reason for such poor performance? The timeshare debts being sold to the open market are not being honored. The developers are loosing their grip on the idealistic dream that everyone can afford a timeshare costing upwards of $30,000 USD.
But buying a timeshare can be done—cheap! Though high-pressure sales tactics get the job done, the debt cannot be honored if the consumer can genuinely not afford it. As the market gets tougher people aren’t abandoning timeshare as a travel alternative—the answer is finding better ways to acquire them.
The resale market is seeing this trend. While others still do take vacations and travel for the holidays, with airline surcharges doubling prices, most folks are not in a position to pay for them. Today most believe the reason to travel could not compare to the cost. As destitute timeshare owners are looking to sell off their burden, the resale market provides a way to transfer them to another person, and get cash for your vacation property.
The for-sale-by-owner market is priced to sell and a reliable way to buy without sales pressure. BuyATimeshare.com gives you a way to find thousands of timeshares and a team of timeshare professionals to handle the entire closing process. In an unsure market place, it is important to know where you can find the best services in an unpleasant economic environment.
The Timeshare Credit Crunch Saga: Part II December 10, 2008
Posted by Bryan Connelly in : ARDA, Customer Comments, Fairfield Timeshares, General, New Features, News & Events, RCI, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Westgate Timeshares, Wyndham Timeshares , add a commentScary times for everyone during this holiday season. The cheer this year is high yet sung with bated breath as U.S. employers already cutting 533,000 jobs since November. It is no wonder the tension is hitting home. This is the largest number of job losses since 1974. Numerous manufacturing and service companies are cutting employment by the throng. Timeshare demand is still high however, and travelers are still taking vacations. It is reliving to know that a much needed vacation, or holiday trip is still within a frugal grasp.
Westgate has laid off more than 3,000 employees and is looking at possibly cutting another 1,000. Wyndham is another struggling developer cutting costs (staff) where they can. Though other brands have made dramatic cut-backs, Wyndham has cut a whopping 13 percent of its workforce! Times got real tough once the credit market dried up. Wyndham immediately eliminated sales offices and marketing program. Since Wyndham Worldwide Corps., which finances 70 percent of their timeshare sales, did so by lending the customers the money to buy their vacation properties.
Developers then sell the loans into the market as securities backed by the receivable payments. A global credit freeze triggered by U.S. residential property defaults has abolished investor demand for all types of assert-backed securities. This has forced companies to tighten criteria and provide more limited financing. After the troubled housing market plummeted, investors worry that defaults on timeshare loans will spike. Those concerns have weighed particularly on Wyndham’s stock, which has lost more than 75 percent of its value this year.
Travel Industry Rebounds in Poor Economy November 8, 2008
Posted by Bryan Connelly in : ARDA, Bluegreen Resorts, Disney, Fairfield Timeshares, General, Hilton Grand Vacation, JetShare, Marriott Timeshares, New Features, News & Events, RCI, Sunterra/Diamond Resorts, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Westgate Timeshares, Wyndham Timeshares, silverleaf , add a commentDespite folks paring costs anywhere they can, consumers have not completely cut leisure travel out of their lifestyle. The travel industry is bouncing back. People who do still travel are adapting their annual routine, staying closer to home for a change. The attitude that followed the U.S. financial crisis has caused people to vacation at their own part of the country—enjoying their nearby cities and mountains. People are seeking more local destinations, finding unbeatable deals on their own side of the ocean and not giving up their plans to travel.
Rather than buying airfare to cross the open seas, Americans are exploring Canada, Mexico, Central and South America. Both the Peso and the Canadian dollar have dropped significantly, making travel to these country and great value for neighboring Americans. Today, people are forced to look deeper for deals on everything from gas to Christmas presents. They are beginning to explore the timeshare industry as an alternative to hotels or staying the night on grandma’s futon.
Owners of timeshares at far-off tropical destinations for instance, have not been able to ante up to the airfare, let alone venture the cost of fun. So their international timeshare sits and waits while the owner searches further to get the best deal for this year’s holiday trip. At timeshare resale companies like BuyATimeshare.com we are seeing a tendency in those who rent and buy timeshares. Consumers are placing less emphasis on international trips, only traveling as far as Hawaii to vacation, and renting a resort near their family for the holidays.
People are become more educated about the timeshare industry they are reaping the benefits of the resale market. BuyATimeshare.com has made buying timeshares on the resale market as easy as it gets. Like everything, you always pay less when it’s ‘used.’ But a stay at a luxury resort does not carry any ‘used-car’ problems—and will cost far less than retail. The search for value is greater than ever and travelers will cut back on spending by shortening trips and down scaling the level of hotel they stay at, and have switched to a more local destination. With companies like BuyATimeshare.com looking to sell timeshares, there is no reason to spend too much or cut back too much on your next vacation.