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Marriott Timeshares Wear in the Storm January 13, 2009

Posted by Bryan Connelly in : ARDA, General, Marriott Timeshares, News & Events, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized , trackback

After a recent tendency set in the early winter of 2008, Marriott’s latest staffing cut comes as no surprise. Slashing more than 80 employees at a whack, 170 jobs were ended this month. The credit crunch flattened many timeshare employees this past year. As shares continue to be whittled down, the content face that Marriott has worn is starting to look like a façade in an obvious struggle to keep its timeshare sector afloat.

Dropping significantly this week, Marriott’s stock was downgraded, yet again, by analysts who fear the worst for the entire hotel industry. Stock has shifted from “Buy” to “Hold” as investors don a pessimistic outlook on current conditions and for 2010 as well. Marriott shares specifically fell, bout 20 cents or 1.6 percent, to close at $18.21. That is a far cry from Wyndham’s $7, or the $37.89 that Marriott shares went for in early 2008.

Chris Woronka, Deutsche Bank analyst said: lodging trends continue to worsen as unemployment rises and businesses and consumers cut back on travel spending. He mentioned that another bad sign for the industry is that hotels seem to be slashing their rates more and more to lure guests. Arne Sorenson sought to reassure investors about the health of Marriott’s timeshare sector. He said the company expects it timeshare business to “weather the downturn just fine.”

In its third quarter earnings report, Marriott said timeshare sales dried up and did not expect fourth quarter demand to improve. While its PR guys are earning their money, the developers are hemorrhaging millions of dollars after years of high pressure sales and overpriced products have finally caught up with them. As asset backed securities evaporate, it is apparent that the sales may have worked on paper, but the actual investment of $30,000 an up is just too high for consumers to afford—in reality.

Vacation-goers are still buying vacation properties and enjoying the luxuries and benefits that come with timeshares. NOBODY is buying from the developer anymore—why pay 3 times the price for the exact same thing? At BuyATimeshare.com we can direct you toward the ideal vacation properties or vacation package that suits your likes, dislikes, and of course your budget. Enjoy!

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