Timeshare news is a great way to stay on top of current events in the vacation industry. The latest news and articles can help you decide if a timeshare is right for you, how to get the most out of your investment, or if it’s time to consider selling or canceling your timeshare.
Inflation and Rates
The timeshare industry is thriving in an inflationary environment, as rates for hotels and vacation homes rise. This helps to make timeshares more affordable for consumers. But a recession could pose challenges to the sector.
A recession could negatively affect a timeshare company’s bottom line. For example, a company like Marriott Vacations has to keep the interest rates on its timeshare loans relatively low to encourage sales, while also keeping the margins high enough so that it can offset the cost of financing.
But a recession could lead to increased delinquency and default rates in the timeshare business, which would cut into the margins of companies like Marriott Vacations. For this reason, some investors have beaten down the stock price of the firm in recent months on the assumption that its customers are likely to cut their discretionary spending if a recession happens.
As a result, it’s more important than ever for timeshare companies to continue to offer attractive products that appeal to a wide range of potential buyers. Among the most important is offering a variety of different options, from fixed-week resorts to floating points that can be traded in for different locations.
It’s also important for timeshare companies to continue to find ways to attract millennial money. Several companies have been experimenting with new subscription services that appeal to a younger crowd.
Travel + Leisure
One of the best ways for a timeshare company to attract millennials is by offering them subscription services. This is a great way to create value for the customer and also build loyalty with them.
Another way to attract a younger crowd is by offering discounted or free packages. Some timeshare companies offer free trips to specific destinations or even free upgrades at their hotels. This is a great way to increase the value of your brand and can be especially effective in high-demand destinations such as Orlando.
In addition to offering discounts, many timeshare companies also offer free maintenance or free use of their facilities. This allows them to get a head start on their competition and to retain loyal guests.
Lastly, some timeshare companies will even buy back your timeshare for you if you’re interested. This is an excellent option if you’re looking to get rid of your timeshare but don’t want to pay out the full amount.
If you’re ready to sell your timeshare, there are a few options that can help you exit the resort quickly and easily. The sooner you make a decision, the better off you’ll be!