The Return of the Timeshare

Timeshare has its share of good and bad news. When it just started, you could only hear positive news about it. But when recession has started, multiple numbers of malevolent news came out. However, nowadays, it seems like the European Union has regulations that could make using timeshare during vacation a wonderful option.

Usually, there is what we call the seasonal or shared ownership or holiday membership club type of owning timeshare. This is the practice of having a specific time in using their timeshare units every year. But then, this kind of ownership still requires us to pay somehow an average amount of between £4,000 to 10,000 every year. On the other hand, despite the price, we are assured that we can experience the lifestyle of owning a timeshare for the meantime. But what happens if you cannot use the timeshare for a year?

According to an article by Liz Rowlinson, entitled Are Timeshares making a comeback? , there are many people who can buy timeshare units as their second home. But on one second thought, they would love to buy it if the timeshare arrangement is flexible for both parties, especially with regards to the timeshare exchange programs. This is due to the fact that most owners would save money for the future then would want to change their timeshare units for another when it already gets boring to visit.

Though we know that holiday exchange programs in United States are already prevalent, Dimitris Manikis of RCI’s Business Development thinks otherwise for United Kingdom. Though people from UK also like the program, they prefer to look for timeshares in their country rather than to its outside boundaries. This is what they called staycation.

Dimitris said that this trend only started last year simply because of the heavy consequences of the recession. This trend has become more prevalent due to uncertainty issues of air travel. And at the present, in UK, RCI has 105 affiliated timeshare resorts with its 105 members who can use them. It is also offering cottages for rent with ski and beach resorts as well as golfing estates and health spas.

Some of the timeshares available there are the Hever Hotel & Country Club, which can give you the time of your life playing tennis and golf in its countryside; the five- star golfing resort of Gleneagles in Perthshire, Scotland with apartments that you can pass on to your other family members; and the Forest Holidays’ Membership Club which can give you an extravagant experience of staying in a luxurious big log cabin.

On the other hand, with regards to the problems facing the reselling of timeshare which is still prevalent, there is now what we call the existing regulated channels for guidance. No worries anymore because of this EU regulation.

Vermont Timeshare Owners Find Relief

Timeshare owners in Vermont are said to be one of the happiest timeshare customers as reported this year by the company, Timeshare Relief. Consumers from this place were considered among the wisest and well-informed clients about timeshare around the world.

Vermont timeshare owners find relief after getting rid of their timeshares successfully. This means no more worrying about maintenance fees, mortgage and other expenses brought by their timeshares. This is credited to a company that has been helping people around the world to get out of their timeshares since 2004. Timeshare Relief, Inc. Company has captured the trust of many timeshare consumers in helping them get rid of their timeshares. Unlike most of the companies promising to get you out of timeshare immediately, Timeshare Relief does not charge upfront fees. Vermont consumers are among the tens of thousands that the company has helped by providing guaranteed financial relief and peace of mind out of their timeshares.

Timeshare Relief believes one of the ways to prevent timeshare clients from getting victimized by dubious resale companies or getting tangled with paying timeshare expenses is proper information. The company conducts yearly a series of seminar that aims to educate consumers around the country of the essential information regarding their timeshare and the timeshare industry itself. Vermont is fortunately one of the States visited to conduct the seminar. It is with this kind of programs that the company is extending their hands to reach out in helping timeshare consumers get relief.

What also makes Vermont timeshare consumers successful in getting rid of their timeshare is how they are committed to it. According to the company for their help to be effective entails that the other party, its client, should also do its part in the process.

With the right source of help, proper attitude and proper information, Vermont timeshare owners find relief.

An Interview with the Wyndham CEO – USA Today

A business travel correspondent from USA Today, Barbara de Lollis, has interviewed the chief executive officer of Wyndham regarding the recent downswing in the timeshare business and how it has affected the company – Wyndham.

There was one particular question which was asked that gave away a striking answer. This question was about the reason why their company has laid-off about 4,000 employees. This interesting question was then answered by the CEO in that every business across the world felt the pressure of the recent turn-up of the macroeconomic environment. No company – or their company for that matter was even resistant to it. The event where the tightness of the capital markets became seeming, it has created an environment where they have to take the sales down. When they sell timeshare, they let people lend the people some money for 50% of the time to buy it. Then the company goes to the insurance companies and banks so that Wyndham could lend money. Unfortunately, the lenders shut down. Because of what happened, their company was left with no choice since it has narrowed down the amount of capital where they had to make available to the buyers, who their company sells timeshares to.

With this, now we know that half of the timeshare owners, who buy with Wyndham, buy the properties with corresponding loans. It seems like there is a very high number and points pointing to the fact that many timeshare owners might not know what they are purchasing. The paying interest on a timeshare is the same as paying someone to make more of the consumer’s money. With the existence of maintenance fees, special assessments on top of a mortgage, people who own a timeshare are not only paying a huge amount of money but also contractually compelled to pay for a long time. It could have been hassle-free for a lot of people not to buy time share properties and just pay for their vacations individually.

This may seem to be very unfortunate, but still a lot of time share owners believe that they are making a very good deal in investing their money in time share. After all, having the right to own a property and having all the fun and leisure just within reach despite their very frantic schedule seems to be really rewarding. This means, that paying a whole lot of fees is not really a big deal anymore.

Hilton Hawaiian Village Two-Tower Expansion

Since Hilton timeshare been so experiencing such a great success at the Hilton Grand Waikikian Tower, the timeshare company has announced that it has been planning a two-tower expansion with 550 rooms at the Hilton Hawaiian Village which will be entirely dedicated to timeshare.

Last 2008, the Hilton Grand Waikikian Tower timeshare was completed and is currently providing timeshare units for the 22-acre Hilton Hawaiian Village. Ted Middleton, who is Hilton’s Senior Vice-President of development in the Americas is seeing the adding of a new timeshare at the famous resort can be is a potential and could be a good business. In an interview, he said that the expansion will give an ample amount of product to sell well tho the coming decades. It is of great importance to have a new inventory to check into its growing demand.

This new Hilton timeshare project that is self-financed will almost double the timeshare accommodation capacity at the Hilton Hawaiian Village Beach Resort. The project will be able to bring about an expected number of roughly 700 jobs to the area excluding the number of workers who will be working for the construction during the phase of the project.

Midweek.com recently reported that timeshare has become so important to Hawaii since it touches some 34,420 workers. A study conducted in 2007 divulged that the economic impact of timeshare was in a rough estimate of 4.5 billion dollars having 500 million dollars for their tax revenue.

Owners and renters of timeshare that are having a vacation in Hawaii timeshare spend an average amount of 4202 dollars every time they visit. This means that an astounding eighty-six percent of these dollars do not only end up just in the busiest Hawaii timeshare destinations such as the Waikiki timeshare or Kannapali timeshare but also being spent from the resorts in malls, grocery stores, entertainment, restaurants, and even convenience stores.

News has been saying that everything has been going so well and that future jobs for the people are coming soon is a really good thing to hear and is something to look forward to or even celebrated. But this doesn’t mean that people never want to appear that they try to minimize the situation of unemployment today because life doesn’t change overnight even if there is a strong need for it. At least, the number of people unemployed and hopefully, if any expansions are coming up – then, once again, other people will be given a chance to have jobs and earn.

What is Timeshare Vacation

Timeshare vacation. Still many people want to experience this one. It is like owning an apartment where you can be free to do anything or simply to relax. Since the season is summer, ‘tis the best season to avail of timeshare.

If you want to own your timeshare for the vacation, you must buy one. Of course, one should know that owning a timeshare is quite expensive. Remember that owning one goes with paying its maintenance fees, taxes and other fees annually. But when you own one, rest assured you will have a relaxing place to stay during vacation.

What if you do not have enough money to own one? According to a blog post of Clark Kinney entitled Planning Your Summer Timeshare Vacation, if you do not want to exert a lot of effort in spending your money in a timeshare during vacation, you can always opt to rent one. In fact, nowadays, there are websites where you can select a timeshare you want to rent, whatever location would benefit you. If you really want to see the place before even thinking of renting it, you can always opt to visit it first.

Moreover, the advantage of renting a timeshare with owning one is that you do not have to pay for the fees of the same timeshare annually. You get to choose what timeshare to rent during vacations. You are not trapped with choosing to stay in the same timeshare if you own one. You would not have any problems of ditching it if you do not like or appreciate it anymore.

On the other hand, with owning a timeshare, you have to think a lot of times. Most importantly, like what was mentioned above, you have to think if you can sustain the payment of annual fees when owning one.

Whichever way, you may enjoy your timeshare vacation. Just be wise in choosing how you would like to have your timeshare vacation.