Fractionals, Rentals, Timeshare Resale Review PART I January 8, 2009
Posted by Bryan Connelly in : ARDA, General, News & Events, RCI, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized , trackback“Fractionals have helped to build upon the already growing more positive image for Timeshare. In the early days timeshare got a negative reputation that came from poorly executed hotel converted products rather than today’s more purpose built product. So the upscale fractional image is good news for timeshare. Plus as a term fractional is a mere aptly descriptive term – a fraction of a whole interest. It also led the way for urban timeshare. And finally imitation is the highest form of flattery. The birth of fractionals is a testament to timeshare’s success as a great vacation product.†~Howard Nusbaum
Timeshare has always been a symbol of the American middle class, hit hardest by the collapsing credit market. Flattening like a flan in a cupboard, 2008 shriveled timeshare sales, with little or no financing for consumers in site. Timeshare and fractional ownership had been meeting the needs of everyone from the working class to the super rich. As fractionals evolve there will be more contemporary products suited for the middle class, blue collar worker.
But the concept has two types: Fractional or shared ownership, like traditional timeshare, and a rental agreement. Rental agreements tend to expire, with one party the owner, and the other the tenant. The fractionals are growing in popularity, leading to a more amiable attitude toward timeshare. Travel enthusiasts have found ways to enjoy the opulent luxuries of life, using fractional ownership to turn a lifestyle into a vacation.
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