Timeshare News
The timeshare industry continues to evolve. Several major names in hospitality have introduced new designs that enhance the value proposition of the product. Meanwhile, independent developers are also adding their own creative twists to the industry standard. This is a good thing for consumers. They can choose from an ever-growing list of exciting travel destinations.
While the timeshare industry is still a relatively small business in the grand scheme of things, the industry’s growth is accelerating at a rapid pace. This is especially true in the United States, where the number of timeshare owners has increased by over 30 percent over the last decade. In addition, the inflationary environment has boosted the value proposition of the timeshare. Moreover, timeshare contracts allow consumers to lock in the price of their accommodations for years to come.
The industry is also making a splash with social media, which enables consumers to connect with others and find out what they are doing with their timeshare. For example, the Timeshare Users Group (TUG) was the first timeshare website to go live on the Internet. This site helps people discover the various timeshare exchanges available and provides useful advice.
Another major timeshare news item is the launch of Fleetwood Enterprises, the nation’s largest recreational vehicle producer. The company is setting up a points-based timeshare product, which will allow consumers to book high-end motor coaches at participating resorts across the United States. The company’s CEO, Stephen Weisz, says the company will offer franchisees locations in each of the 50 states. It also plans to expand the reach of its current fleet of RVs, which will now include a 119-unit timeshare resort in the French Quarter of New Orleans.
The timeshare industry is definitely not without its pitfalls, though. For example, the timeshare industry is notorious for attracting illegal and barely legal methods of sale. However, the most important thing is that it is possible to legally purchase a timeshare, if you know where to look. It is also possible to create your own vacation through a timeshare contract. In fact, two out of three of the respondents to the TUG survey own more than one. This shows that the timeshare industry isn’t just for the wealthy.
