Timeshare Resale Market Keeps Big Brand Resorts Selling and Rented March 19, 2010
Posted by Bryan Connelly in : ARDA, Customer Comments, Fairfield Timeshares, General, Hilton Grand Vacation, News & Events, RCI, Timeshare Resale, Timeshare Resource, Travel, Wyndham Timeshares , add a commentBuy A Timeshare.com has helped thousands of people sell, buy and rent their timeshares. Even though the economy changes, the consumer will always need a place to buy inexpensive vacation properties, and a place to liquidate the ones they already have. With an all-out recession wearing away at timeshare developers, resort and occupancy remains high. Companies like Wyndham and Marriott have stated revenue is down, but they are still able to thrive as vacationers continue to use the time at the resorts they have paid for.
Occupancy rates are still much higher than projected, and while many resort developers are witnessing a dive in sales, Buy A Timeshare.com has been the solution for record-setting amounts of people looking to secure a bargain vacation. Thanks to innovations in online marketing and search engine optimization, this company continues to be the dominant force in the worldwide timeshare resale industry. The most sought-after brands in the world are available online for a mere percentage of what the resort will sell them for. With Bluegreen, Shell, and Hilton properties all selling for thousands of dollars less, it is no wonder the resale market is so popular!
Analyst at Bloomberg.com recognized the resale market and Sell A Timeshare.com as an alternative to paying too much for a timeshare property. A rental property could cost as little as $800-$1000 for a week at a luxury resort! Consumers are more computer savvy than they were a decade ago. A large portion of the sales decline big brand developers are seeing is in-part, due to the success of the resale market. Millions of people are exposed to the internet daily. Online sales are how today’s buyer purchases nearly everything. Why attend a presentation and buy for full price when the resale market can provide the same properties for a percent of the retail price?
Wyndham Worldwide, the largest seller of timeshare vacations in the nation, has had some success recovering from the recession. And while the sales are down, people are still flocking to there magnificent resorts everyday. Analysts at JPMorgan explained that Wyndham will cut 40% of its timeshare sector in order to improve cash flow and stock prices. Marriott has also taken action to battle the harsh recession. By cutting prices, development and perhaps even selling some of its undeveloped land, the hotelier expects to harvest what it can from its timeshare industry.
Chris Woronka, an analyst at Deutsche Bank Securities said “the main obstacle for the industry is that there will be a semi-permanent reduction in demand because developers would sell to people with relatively low credit scores. That won’t be possible anymore. This decline is a first for the industry since 1975. As tighter credit and slowed consumer spending has been affecting every facet of business. A loss of 6.9 million jobs since the recession started in December 2007 has made every consumer weary of spending.
Howard Nusbaum, president of the ARDA said the market will remain challenging for the next 18 months as research shows that timeshare has lost its appeal and its affordability. Though the downturn has hit tourism particularly hard, timeshares, due to its pre-paid nature, is better equipped that most to weather a downturn. The good news, he said, is that timeshare owners are still vacationing, and occupancy remains strong.