Jan 11

A new piece of legislation in Australia threatens to seriously damage any timeshare operators who do business down under. Under a new Australian law timeshare operators would be classified as financial advisers in an attempt to reform the financial advice sector. This unfortunately would prevent them from being able to accept any sort of commission for their timeshare sales. In any form whether it be bonuses or any other type of incentive timeshare sellers will be unable to implement a commission based system.

The Australian government is still considering whether or not any changes are necessary. However, with the many complaints received from the timeshare industry it is understandable to hold a magnifying glass over this vacation sector. Timeshares are almost exclusively sold during a high pressure sales seminar and they often provide free gifts and incentives to agree to attend these sales presentations.

If a ban on timeshare commissions were to be applied to all timeshare operators in Australia the industry could very well suffer a serious downturn. Just like in the late 80’s when the industry experiences a collapse due to the poor reputation that the high pressure sales presentations warranted. Timeshare resorts have already been forced to seriously downsize their sales staff as timeshares have become slightly more regulated and a lot more difficult to sell timeshares. If you own a timeshare in Australia it may be time for you to consider your timeshare exit solutions.

 

Source:  smh.com

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
Tagged with:
Jan 19

Are you one of the many timeshare owners who are looking for ways to get rid of your timeshare? For these types of owners, a timeshare has come to be something of a disease that feeds off their finances rather than a nice enjoyable escape to spend their vacations. They used to enjoy visiting their timeshare unit and spending a luxurious vacation filled with accommodations at their location. But for one reason or another they are finding that their timeshare ownership is really more of a burden and they simply cannot rationalize keeping it. The problem is when they try to get rid of it they find out just how difficult a timeshare can be to get out of and they end up searching for a timeshare cure.

While there are plenty of happy timeshare owners who would never refer to their ownership as a disease to their finances, there are also those who have experienced changes to their budget or lifestyle to the point where they can no longer justify the expense of a timeshare. In some cases it is not even changes to their budget or lifestyle but increased fees from the timeshare resort that has caused their timeshare to be just out of reach. If a timeshare resort increases your fees by as much as the travel costs that it takes to get to your resort it can cause serious problems for families who vacation on a budget.

So with so many timeshare owners in need of a timeshare cure doesn’t it make sense that they should be able to get rid of their timeshares? The sad fact is that there are very few ways to actually get out of your timeshare. And for most owners using the services of Timeshare Relief is their only hope to find a timeshare cure. Not just something to provide a possible exit solution but a real guaranteed timeshare exit solution. That is why services like Timeshare Relief exist, to provide a timeshare cure for owners who are in need of getting out, for whatever reason.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
Tagged with:
Oct 15

Timeshares have taken a turn for the better. In light of the current economic status timeshare companies have taken a new route to selling their properties. In the past it was done by providing free gifts just to get people to sit and listen to the timeshare sales presentation. The free gifts or hotel stays would provide the incentive to sit and listen for about an hour and a half to what the timeshare people had to offer. This would result in a high pressure sales pitch that for the most part was successful in providing timeshare sales.

However, this method of selling timeshares seems to have changed a bit. With the old strategy timeshare companies were providing a lot of free packages and gifts to people who may very well have had no intention whatsoever of purchasing a timeshare. Because of these inefficiencies in how timeshares were sold they decided to change up their methodology a bit.

Recently many timeshare companies have moved towards approaching vacations while they are out on vacations. The idea is that potential timeshare owners are already on vacation at these hotels or resorts. And they enjoy the location enough to plan out a trip and book hotels on their own. On top of this the timeshare companies would save a lot of money on their sales pitches, no more free tickets to expensive shows or gift baskets full of bath and bodyworks items. It’s sort of like setting up a lemonade stand on a sunny day by the beach rather than on a cold rainy day, it just makes more sense.

The big question that remains is whether or not this will have an effect on the satisfaction of timeshare owners. There will still be a large amount of timeshare owners who are looking for ways to cancel their timeshare fees and obligations. For those owners there will always be the services of Timeshare Relief to help them get out from under the barrage of maintenance fees and special assessments. However, hopefully this new method for selling timeshares will make it so that the people buying into a new timeshare know that they will enjoy it for many years to come.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
Tagged with:
May 18

Timeshare Relief Bahamas BeachThe Nassau Guardian published a recent article about how improving timeshare regulations in the Bahamas and the Caribbean should boost timeshare sales in the region.  With the Caribbean so close to the US, the potential for high volume sales of timeshares is there.

“One thing that companies that have been in the business for a long time and have a vested stake in the industry would like to see, and is in progress as we speak, is a constructive regulatory environment,” said David Gilbert, Interval International Exec VP of resort Sakes and Marketing. “We’d like to see laws in place that protect consumers. . . its very good for Caribbean countries to implement constructive legislation, that is not so restrictive that developers can’t build and sell but structured so that it protects the consumer.”

With a proper regulatory environment in place, the idea is to have both consumers and developers confident in the system so that consumers feel their long-term vacation accommodations are protected, and developers are protected against financial failure and negative publicity should a single timeshare project become fiscally nonviable.

“The one thing that the larger players in our industry look for is if there is a good regulatory environment because they don’t want to develop a project and have the project next door go bankrupt and consumers lose all their money,” Mr. Gilbert continued. “The negative publicity its going to effect their project, so new entrants are really looking for constructive regulatory environment.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
Tagged with:
May 03

Over the first quarter of 2010, the major hotel chains with significant marketshare in the timeshare industry -  Marriott, Wyndham, and Starwood – have all been able to rebound from a dismal 2009.  Marriott posted an $83 million profit.  Wyndham increased 11% up to $50 million and Starwood posted a $24 million profit in the first quarter of the year.

As a whole, timeshare contract sales were up about 10% from the previous year, a sign that the economy is on the rise.  Timeshare purchases occur when consumers feel that they have enough in current or impending disposable income that can cover the cost of the expense.  This is especially true when considering the timeshare costs at these major chains which tend to be higher than the average timeshare in both upfront cost and in maintenance.

Interestingly, the rise in earnings for Wyndham did not equate to a rise in stock price.  FBR Capital Markets analyst Patrick Scholes pointed out, “The only negative I can find is that perhaps investors don’t like that the guidance raise was all from timeshare. Compared to its two other businesses (hotel franchising and vacation exchange and rental), generally, timeshare is not valued as highly.” Profit-taking could have also been a factor since shares have tripled in the past year.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
Tagged with:
preload preload preload