Major Hotel Chains with Timeshare Divisions Annouce Earnings
by Transfer America on October 8th, 2009
filed under Transfer America
Wyndham Worldwide and Marriott International Inc. both announced their earnings yesterday. Marriott did better than analysts predictions despite a $760 million writedown from their timeshare business. Wyndham’s stock price rose 7.4% when Goldman Sachs raised its rating to ‘outperform’ based on the fact that the company is selling off its existing timeshare inventory. Both large [...]
Timeshare Rental Market – Rent A Timeshare For Your Vacation
by Transfer America on October 7th, 2009
filed under Transfer America
According to Timeshares Daily, American currently own 1.5 million timeshares across the globe, and over half (870,000 units) are available as timeshare resales. The sheer oversupply of timeshare units in the market stifles any ability for individual owners to resell their timeshares. Day-to-day demand for shared vacation property tends to be rather low as well. [...]
Destination Clubs – How Could They Affect the Timeshare Industry?
by Transfer America on October 5th, 2009
filed under Transfer America
There are some timeshare resorts that position themselves in the super-luxury end of the travel spectrum. However, more and more companies are going the route of “Destination Clubs” — high-end vacation property vacation clubs designed for the wealthy who do not want to hassles of ownership. Memberships can run from $50,000 through to half a [...]