There are many different sources of timeshare news. Some sources provide essential information about the industry and others give consumers the insiders’ secrets that no one else knows. These sources are all invaluable to those interested in timeshare. The good news is that most of them are free. You can get the news that you need by subscribing to an email newsletter.
The Timeshare Users’ Group (TUG) is a website that lists various timeshare exchanges, and has sold more than $55 million in timeshares over the years. In addition to listing exchanges, TUG has produced videos of live zoom meetings and other valuable industry information. They also provide advice to consumers and owners.
There are several factors that have a negative impact on the timeshare resale market. One of these is the high price level. This discourages consumers from using resale companies. Another factor is the lack of liquidity. If a company offers a guarantee for a buyer, there is a risk that the buyer may not be able to sell their timeshare once the money is gone.
However, with an inflationary environment, the value proposition of timeshares is increasing. Independent developers continue to introduce innovative designs to the industry, while the top names in hospitality introduce new and exciting destinations. A growing number of consumers are purchasing timeshares for a long period of time. Therefore, there is a growing demand for more innovative and attractive designs.
Currently, there are 6.7 million timeshare owners living in Europe. There is a chance that this number will rise if the European Union’s COVID-19 legislation goes into effect. Many families will be unable to travel to use their vacation homes.
Another factor that could push prices higher is the increase in hotel rates. Marriott Vacations is expected to be in a more financially challenging position than it was last year. Despite this, the company has reported lower delinquency levels than before. Its current president will become the company’s CEO on January 1, 2023.
While timeshares have been around for nearly forty years, there has been a recent influx of illegal and barely legal ways of selling them. According to the Daily Telegraph, timeshare owners are at risk of falling victim to scams. Moreover, COVID-19 has impacted the industry even more.
Timeshares have long been a staple of the European economies. Their popularity has grown since the 1960s, and today, they are a popular way for people to spend their holidays. Nevertheless, the industry has been plagued with scandals. As a result, consumer advocates have been urging resort management companies to create programs to allow owners to surrender their timeshares.
Some of these options can be frustrating for consumers. For instance, most timeshare companies tell consumers that it takes months to sell their timeshare. Unfortunately, these companies aren’t telling the whole truth. Most of the time, they just disappear after a year. Since there is no way to know what a timeshare company is doing with your money, you’ll want to check out the company’s history.