Marriott Suites Available for Less on the Timeshare Resale Market September 24, 2009
Posted by Bryan Connelly in : ARDA, General, Marriott Timeshares, News & Events, Ritz Carlton, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel , 1 comment so farMarriott International has decided to halt on building all new residential and timeshare projects. Shifting from spend to sell; the financially exhausting year of 2009 has forced the company to take a $760 million cut to the value of its timeshare sector. This write-down has triggered the hotelier to sell property, end timeshare developments, and to even sell off some of its undeveloped land.
Timeshare consumers have not only cut leisure spending, but they have chosen the online resale industry to save themselves thousands of dollars when buying or renting. And while a softening demand has left half-built luxury resorts idling around the globe, Marriott will continue to manage their properties and provide the same kind of quality that has made them so famous.
Though consumer spending has undoubtedly slowed as a result of layoffs, pay cuts and cutbacks, timeshare use is not at a significant low. People can’t afford to buy a high-end vacation property from the developer with weeks costing more than $18,000. Folks are still buying and renting timeshares by the throng but the resale market is where they are buying. During an all-out recession, the once booming timeshare concept is struggling without the financing available. Marriott’s Revenue per Available Room (RevPAR) is down 19%, but is better than the 20% to 24% drop projected. While profitability has gone down, people are steadily using these premium properties.
Marriott has begun harvesting whatever money is left in its own timeshare “investments.” The company recently reported that the write-downs reflect its plans to cut timeshare prices and development “to accelerate cash flow.” Roughly $300 million of the write-downs are at five luxury residential projects, a similar-sized write-down at nine North American fractional projects and $95 million at one other North American project.
BuyATimeshare.com has been able to fill suites at these properties for over a decade with timeshare vacation resorts for sale by owner. Aggressive prices offer premium luxury vacations for the price of a modest hotel. The recession has proven to be financially grueling for Marriott. The hotelier doesn’t expect “to pursue new Marriott-funded” residential timeshares, but does expect to continuing licensing and managing projects developed by others. The company said it expected profitability to improve at the timeshare segment, with cash flow there positive in 2009 and increasing in 2010.
BuyATimeshare.com Works to Get Your Property Sold August 17, 2009
Posted by Bryan Connelly in : ARDA, General, Marriott Timeshares, Ritz Carlton, Timeshare Rental, Timeshare Resale, Travel , add a commentFor nearly a decade, BuyATimeshare.com has witnessed a lot of other companies attempting to provide the kind of worldwide exposure that we can provide. We have engineered unique innovations that have literally defined the timeshare resale industry.
A lot of very respectable brands have come along since, finding a niche and satisfying thousands of timeshare interest owners from all over. The difference is the intent. Our competeition will focus on the seller and the developer, but will not target the
BuyATimeahare.com has been providing the consumer with a reliable site to buy and rent luxury resorts at inexpensive prices. Up until mid 1990’s the only way to buy a timeshare was to pay $20,000 to highly trained, high-pressure sales staff whether you liked it or not.
With no resale market in site, once you paid off the debt, you were stuck with the timeshare and all the fees that come with it. Today BuyATimeshare.com helps those who need an economic way to vacation, and those looking to rid themselves of a liability. The timeshare concept has been giving you lavish resort for less cost, year after year. With the timeshare resale market, you can still stay in the same elegance for even less!
BuyATimeahare.com advertises thousands of top name properties from around the world to consumers around the globe. People are looking for holiday rentals at magnificent resorts and they are looking to the internet to find it!
A magazine bought in any country can provide a buyer with a list of used electronics, automobiles, and watercraft. BuyATimeshare.com is able to provide timeshare owners with specialized advertising, specific to timeshare interests. BuyATimeshare.com is across the World Wide Web and reaching millions of people who are looking to rent or buy for less money.
Ritz-Carlton Taking Profound Steps to Join Timeshare Elite June 19, 2009
Posted by John Copain in : Marriott Timeshares, Ritz Carlton, Timeshare Resource , add a commentHigh End Hotel Company Introduces New Points System Option
Ritz Carlton has been well known as one of the leaders in luxury hotels for what seems like forever. While leading the pack in one hospitality sector they have only dabbled in timeshares – compared to other major hotel/timeshare resort entities such as Hyatt and Marriott – reserving certain very well appointed resorts for timesharing, like the Ritz Carlton Club Saint Thomas and the Ritz Carlton Club Aspen Highlands. However, Ritz Carlton seems geared up to make some expansions in their timeshare sector asthey roll out the new points system for Ritz Carlton timeshare owners.
On April 28th Ritz Carlton announced their brand new points system in order to add options to ownership packages other than fixed, deeded ownership. While many timeshare resorts looking to expand their operations introduce a right to use ownership option, Ritz Carlton has opted to go with the points system plan because it will give current owners and future owners optimal flexibility with the ability to access to the worldwide Ritz Carlton family of resorts. This new ownership option is called the Ritz Carlton Destination Club.
The points membership is currently available to members of Ritz Carlton’s Home Club, but other Ritz Carlton owners may see programs created specifically for them too. According to David Short, the regional vice president of sales for Ritz Carlton Destination Club, “We’re spending a lot of time working on programs for our existing customers, it’s good for them, and it should allow us to grow a little more quickly in the future.†The Ritz Carlton Destination Club membership has been named Portfolio. Look for forthcoming innovations from this high end resort company as they focus more and more on their timeshare properties around the world.
Ritz Carlton Moves to Points June 9, 2009
Posted by Jason Dobbins in : Disney, General, New Features, Ritz Carlton, Timeshare Resale, Timeshare Resource , add a commentRitz Carlton Hotel Co. added a destination club option on April 28th. Instead of locking investors into a specific destination they are allowing investors to purchase points packages which allow them to own interest in several vacation properties. This will allow and investor in the Ritz Carlton point package to travel to all Ritz’s properties worldwide.
The cost of these packages will cost from the low $100,000 to $800,000. This strategy is similar to one used by the less pricey Disney Vacation Club. Investors in both programs are able to use points like a currency which allows them to buy their vacation time.
In past Ritz Carlton owners would own a specific resort and should attract more people who don’t want to be an owner of a single resort. “Points give you much more flexibility.” said David Short, Ritz-Carlton Destination Club’s regional vice president of sales. “They allow people to customize each trip to their own needs.”