Timeshare Sales and Marketing Closure is not a Relief for Timeshare Market

The economy showed improvements over the past year. Aggressively, most people want 2010 to kick off immediately, bearing the reason that it brings better financial condition. Timeshare owners highly anticipated to get the timeshare relief they're longing since there's a prospect for more people to be vacationing this year.

Yet, in the last part of the year saw the closing of another timeshare sales office. The Sales and Marketing office of Festiva Limited functioning in Nassau closed its operation over the holiday. Among the reasons that caused the business closure is the strict lending criteria implemented by U.S lenders. As a result, the company's sales and profitability shrink down.

Air arrivals of The Bahamas as of November 2009 show a plunge down to 8.4 percent. Festiva Resort might have found it so hard to promote timeshare to visitors. Hotels also experienced low utilization of rooms.

According to Don Clayton, the chief executive officer of Festive Resorts, despite of all the effort they made in keeping up the Nassau office, still the problem is beyond their control. Economic factors lead the closure of the company.

Employees of the company are pressed to leave their respective jobs as a result of the unexpected closure. Festiva Resort wasn't able to inform the employees ahead of time regarding the movement leaving all employees absolutely surprised with the closure.

Owners and members on vacation will still continue to utilize their package through Festiva Resorts managed Paradise Harbour Club & Marina Resort. In such a way, the company can still give assurance to their clients to keep them from getting rid of their timeshares.