There’s a lot of news out there about timeshares, including how they’re changing the way people vacation and the potential impact on the industry. These changes are likely to help the industry grow and increase revenue as more people consider timeshares as a viable vacation option.
Timeshares are a great way to save money on your travel, but they’re not for everyone. If you’re a savvy consumer, you’ll do your homework to find the right timeshare for your family and your budget.
If you’re not sure where to start, we have a list of some of our favorite resources for navigating the timeshare world. These sources offer a wide variety of tips and information that will make your decision easier.
The Timeshare Authority:
The Timeshare Authority is a timeshare blog that offers a wealth of tips and information about timeshares, fractionals, condotels and vacation ownership. Their articles cover topics ranging from buying and selling a timeshare to how to negotiate with the developer.
They also provide reviews on timeshare resorts and their surrounding areas. They are an excellent resource for finding the best deals on timeshares and can be a valuable source of information for anyone looking to get into the timeshare market.
A Few Things About Timeshares That You Should Know:
Many people don’t understand what it means to buy a timeshare. They may think it’s similar to owning a piece of real estate, but that’s not necessarily the case.
For instance, owners of timeshares don’t have the same rights to modify their property or sell it like a real estate owner does. In the event that something happens to your unit, such as a flood or fire, you might not be able to move it without paying an assessment, which is usually based on what it costs to fix the problem.
These assessments can add up and a lot of people just can’t afford them. If you’re one of these people, it’s important to know how to handle these situations before they get out of hand.
Inflation is a Good Thing for the Timeshare Industry:
As hotel rates and other vacation expenses increase, it makes sense for timeshares to rise in price as well. This allows timeshare owners to lock in a price long-term, which can be more appealing than rising daily hotel rates.
Despite rising prices, there are still some great opportunities for investors in timeshare companies. This is especially true if you’re investing in a company that has a strong location catalog and is diversified in product offerings.
For example, Travel + Leisure (NYSE:TNL) is one of the biggest players in the timeshare space and has a huge portfolio with 245 locations spread out across some of the most beautiful destinations in the world. This is a big advantage that will help keep new customers coming back to TNL over time, as well as retaining current ones.
The company has also diversified its customer base by offering subscription services to millennials who aren’t interested in purchasing a timeshare or vacation property. This could be a key differentiator for the timeshare industry as the market evolves in response to short-term accommodation options from Airbnb and others.