Watch Out for Overly Promoted Timeshares for Your Own Relief

Vacation goers may be easily attracted to purchase timeshares from the resale market. Timeshares from such outfits are from timeshare owners who are seeking for timeshare relief and they are often forced to sell their packages at really low prices. So timeshares in the resale market are cheaper than timeshares from timeshare companies, especially the new ones.

No matter how cheap these timeshares are you should not take haste in purchasing one. You have to watch out for overly promoted timeshares for your own relief. This often happens because some timeshares are marketed with more features and amenities than what they actually have to ensure successful selling of these packages.

To avoid having that problem, it would be best if you check the site first hand. If you can go and visit it, it would be a lot better. Or you can opt to ask a relative or a friend to do so. Ensure that the necessary amenities are available. Also check if malls, shopping centers, restaurants and other establishments are accessible from the timeshare unit. Their presence can make your vacation much better because those can lessen the pressure of looking for sources of goods during vacation.

Make sure that all amenities and features you are looking for in a vacation location is available in the timeshare location that you are eyeing to purchase. Remember that if you find it inconvenient to spend your vacation there, it will be more inconvenient to try to get rid of your timeshare. Doing so is not easy and it never will be.

Timeshare in the Emirates is a Relief to Luxury – Lovers

The timesharing system started out in the French Alps for almost 50 years now. It gained much popularity since then but because some of the timeshare owners are seeking for timeshare relief, the industry earned some negative image. The good thing though is the fact that some countries are benefitting from the timesharing system.

The Emirates, for one, is finding the timesharing system beneficial. Timeshare companies are gaining a following in these countries because it provides luxury – lovers the opportunity to go on enjoying a luxurious lifestyle amidst the financial crisis.

The deputy general manager of Arabian Falcon, a timeshare company in Dubai, recognized that the people in the Emirates are attracted to timeshares because of cost- sharing. It capacitates luxurious goods buyers to keep on owning luxury items at a fraction of the cost of these properties. Because of the timeshare system, these buyers get to share the costs and still enjoy the properties at times that they would want to do so, which usually lasts for a week and a couple of days more.

Timeshare companies are finding it an opportune time to further their business. Aside from the timeshare units and resorts, luxury items like private planes and yacht are of interest to the people in the Emirates. Three to four yachts will be made available in UAE in the coming months.

Timeshare prospective buyers in these countries are surely seeing the benefits of owning timeshares. Later on, when they see the negative side of timesharing, they may end up getting rid of their timeshares.

Timeshare Relief through Write Downs Benefit Companies

Timeshare companies find it convenient nowadays to announce write downs instead of suffering from the ensuing financial difficulty they have with their timeshare businesses. Timeshare owners themselves find it a timeshare relief to get rid of their packages instead of keeping them during this financial breakdown.

The Starwoods Hotels and Resorts Worldwide, Inc. announced its fourth quarter financial report. They included the write down amounting to $362 million which is comprised by the raw land for the supposed timeshare complexes, allowance on price cuts for existing timeshare packages, and goodwill for past purchases for the timeshare division. They will no longer use the land for the complexes and they will also cease other timeshare constructions that have been planned.

The chief Financial Officer of the company, Vasant Prabhu, explained that they found it a beneficial adjunct to include timeshares in their business because it provided them with a good return of investment as well as a good spread of their capital. However, the current economy is not that receptive to the timesharing system nowadays causing the slowdown of the business. And so capitalization for timeshares is not a very good option causing Starwood to forego their timeshare business.

This is not the very first write down experienced by the timeshare industry. Marriott International, Inc. also declared write down about five months ago. This just shows that not only the timeshare owners trying to get rid of their timeshares are finding it hard to keep their timeshares, timeshare companies also experience the same financial difficulty.

Timeshare’s Battle with the Recession, a Relief to the Industry

The recession is said to be ending but the timeshare industry continues to suffer of its ill-effects. Timeshare owners are still seeking for timeshare relief, timeshare companies are still considering closing down their unproductive sales offices, and timeshare workers are still being laid off.

The start of the financial crisis was experienced way back and this year is being said as the beginning of its end. The timeshare industry was greatly affected because other vacation goers cancelled their trips. Not too many people wanted to buy timeshare properties. Others did so through the timeshare resale industry because it offers cheaper acquisition rates compared to new timeshares from timeshare companies.

Because of the decrease in sales, timeshare companies were forced to close down other sales offices while others opted to lay off other staff to limit their operational expenses. The timeshare sales are not enough to some companies necessitating them to cut down their operations.

Aside from that, other timeshare owners are trying to get out of their timeshare contracts because of the burden of their timeshare financial responsibilities. The fees continue to increase and timeshare owners who are not able to use their packages are in the losing end.

Other vacation goers were prevented from buying packages because of the new system that financial institutions implemented during the crisis. Some prospective clients were not able to get individual financing.

If all these predicaments will continue, the timeshare industry will surely have a difficult year. Timeshare owners will continue to get rid of their timeshares while other vacationers will not buy these vacation weeks.