Monday, October 31, 2005

Marriott's Grand Chateau Opens In Las Vegas

Marriott Vacation Club International (MVCI), the recognized worldwide leader in the vacation ownership industry and a division of Marriott International, Inc. , announces the opening of its first Las Vegas resort -- Marriott's Grand Chateau.

Located at 75 East Harmon, just off the Las Vegas Strip, the resort sits between the Aladdin and MGM Grand hotels. Marriott's Grand Chateau exudes the grandeur of a French countryside chateau in the late nineteenth century.

"Las Vegas is a vibrant destination, and it brings yet another exceptional vacation experience to our nearly 290,000 owners," said Stephen P. Weisz, president of Marriott Vacation Club International. "Marriott owners have long expressed interest for a resort in this city. We think they'll be pleased with the result."

The resort will offer 895 (upon build-out) one-, two- and three-bedroom villas ranging from 820 - 2,095 square feet in four 37-story towers. The first phase opens with 126 villas designed with rich hues of red, green and gold, as well as, a fully-equipped kitchen; a separate living and dining area; 42-inch Sony plasma television, DVD and stereo in the living room; deep soaking tub and oversized shower; washer/dryer; and Wi-Fi accessibility. Pricing at Marriott's Grand Chateau starts at $16,500 per deeded week.

Marriott's Grand Chateau will offer numerous activities and amenities for owners and guests, including:

* Rooftop pool and bar * Concierge services and valet parking * Fitness center * Marriott's Activity Zone Experience * The MarketPlace convenience store

Marriott Vacation Club International is the recognized leader in vacation ownership with a program highly regarded for its quality and unique flexibility. Celebrating over 20 years, MVCI continues to expand with a diverse portfolio of over 7,500 timeshare resort villas throughout the U.S., Caribbean, Europe and Asia. Vacation owners enjoy the options to exchange weeks with priority within the MVCI portfolio, trade their week(s) for Marriott Rewards points, exchange within Interval International's resort system or rent their week(s).

For information, please visit http://www.vacationclub.com/ or call (866) 300-3032. For nightly reservations, please call (800) VILLAS-9 (845- 5279) or visit http://www.vacationclub.com/.

Saturday, October 29, 2005

Study Shows Continued Robust Growth Of Timeshare Industry

The annual PricewaterhouseCoopers (PwC) benchmark study of the financial performance of the timeshare industry released today by the ARDA International Foundation (AIF) underscores the ongoing, robust growth of the multibillion dollar vacation ownership industry. The study, which focused on an industry subset of 47 companies encompassing 280 timeshare resorts in active sales (1), showed sales of $5.6 billion in 2004 and supported other recent studies on the full industry that also point to the dramatic strength in vacation ownership. (2)
Each year, PwC surveys a group of timeshare resort developers to take the industry's financial pulse-analyzing industry trends and setting benchmarks on product pricing, sales, marketing costs, and financing, and other financial indicators. This year's findings reveal a 15.4 percent year-over-year increase in net sales of timeshare resorts in active sales, following sales of $4.9 billion in 2003, as reported by PwC. Approximately 89 percent of 2004 sales occurred in the U.S. Average net sales per active resort were $20 million last year.

"Timeshare continues its spectacular growth with no signs of slowing down," said Howard Nusbaum, president and chief executive officer of ARDA. "The growth is occurring across the U.S. and around the globe with developments by public and private companies."

Timeshare sales in many locations exhibit seasonal patterns, as popular vacation periods correspond to heightened sales activity. Compared to 2003, net sales in 2004 were 25.2 percent higher in the first quarter, 18.5 percent higher in the second quarter, 10.5 percent higher in the third quarter, and 10.1 percent higher in the fourth quarter.

"Despite four hurricanes that ravaged Florida and other critical timeshare markets in the third and fourth quarter, last year's sales continued to exceed 2003 levels, demonstrating the strong resiliency of the vacation ownership industry," explained Scott Berman, a PricewaterhouseCoopers partner.

The median price of a timeshare interval, or week, sold during 2004 was $15,134, reflecting an increase of 12.5 percent over 2003 prices. The increases reflect changes in timeshare week prices as well as any changes that may have occurred in the types of units sold. Seventy percent of respondents reported that their company's average price in 2004 was higher than in 2003, indicating that price increases were broad-based. Study respondents reported financing approximately 71 percent of the dollar value of timeshare purchases.

The study participants included nine publicly traded companies, which accounted for 70 percent of net sales reported, and 38 privately owned companies. Geographically, the survey respondents broke down as follows: 20 companies were headquartered in the Southeastern U.S., including 15 Florida-based companies; 12 in the Northeast and Midwest; and 11 in the Southwest and West. Approximately six percent of the respondents were based in Canada, and approximately two percent were based in other international locations.

The ARDA International Foundation (AIF) conducts research and develops education programming for the timeshare industry. The American Resort Development Association is the Washington D.C.-based professional association representing the vacation ownership and resort development industries. Established in 1969, ARDA today has nearly 1,000 members ranging from privately held firms to publicly traded companies and international corporations with interests in timeshare resorts, community development, fractional ownership and resort communities. The membership also includes timeshare owner associations (HOAs), resort management companies, and owners through the ARDA Resort Owners Coalition (ARDA-ROC).

(1) Companies with resorts that reported 100 or more new sales during 2004.

(2)Timeshare sales climbed 21.4 percent during 2004 to $7.87 billion, according to a comprehensive industry study conducted by American Economic Group (AEG) and released in August by AIF. As of January 1, 2005, there were a total of 1,668 vacation ownership resorts operating in the U.S. The survey, composed of 466 timeshare resorts, also showed increases in new owners, new resorts, and the number of units.

Thursday, October 27, 2005

Florida Time Share

A study, conducted on behalf of the American Resort Development Association shows that in 2004 domestic time share sales climbed 21 percent to $7.87 billion.

Florida leads the way with 378 resorts (23 percent of the total), followed by South Carolina, California, Hawaii and Colorado. The average price for a time share interval was $15,789.

Way to go Florida timeshare!!!!!!!!!

Wednesday, October 26, 2005

Confessions of a Timeshare Salesperson

Lisa Ann Schreier, a former timeshare salesperson, knows all about what happens, and doesn't mind telling some of the industry's best-kept secrets.

She has been there and done that. The memories of sitting in front of an unsuspecting couple, in the middle of a room filled with other couples and families at a resort under the guise of “attending an enjoyable 60-minute meeting and getting 4 days of a luxury vacation.”

Throw hook out, reel in couple, and then ask innocently, “will you be putting that on your charge card or writing us a check today?”

Ah, most of us are familiar with the “timeshare soft shoe.”

Every year more than 3 million Americans attend a timeshare sales presentation, and statistics reveal that 250,000 of them decide to purchase. Do those buyers make the right choice, or were the ones who walked away taking the smarter course of action?

That question could only be answered by examining each individual decision, of course, but there is no doubt that timeshares have become a significant factor in the travel and vacation industries, especially during the summer months when so many potential timeshare owners are lured into a “resort preview” while enjoying their family summer vacation.

“When I polled a half dozen of the timeshare resorts recently,” said Schreier, a former Chicago resident who now resides in central Florida, “all of them stated that the majority of their “pitches” to potential owners are done in the months of June, July and August when the number of tourists is at the peak. It's a great time of the year if you're in the timeshare business, because you know that you'll always have someone to try and sell to during those busy months.”

Yet, as Schreier notes the next few months also can be a very confusing time for many prospective timeshare buyers trying to sift through the meanings of phrases such as “fixed week,” “floating week,” “fractionals,” “point-based systems,” “deeded” and “right to use.”

With more than 6.5 million people owning timeshare at over 5,700 resorts worldwide – and perhaps three times that many people considering a purchase – there is a critical need for objective, unbiased information about timeshares.

“Purchasing timeshare can be the best thing a vacationer has ever done, but it can also be a huge mistake,” said Schreier. “With the average cost of a timeshare in the United States being approximately $13,000, it's crucial that people understand exactly what timeshare is and whether it's right for them before they make a purchase decision.

“And that's what I help them do, by breaking through all the confusion and by separating facts from fantasy. The timeshare industry has received some well-deserved criticism, especially for some of its high-pressure tactics and false information given by some salespeople, but there are plenty of good things to say about the industry as well. The key is to discover if timeshare is right for you.”

Schreier understands that a better-informed consumer may not be what every timeshare salesperson wants to see. “Soon after entering the timeshare industry, I realized that timeshare is one of the best products in the world, but it's often marketed and sold in the worst possible way,” she said. “It's true that not every timeshare salesperson is in love with me. If you're trying to sell something to someone who you know will probably end up experiencing buyer's remorse, you don't want that person to have all the facts. But I want the consumer to be as educated as possible, and if that gets under the skin of some timeshare salespeople, so be it.

Tuesday, October 25, 2005

After the Storms: Timeshare Industry Remains Strong in Orlando

In the aftermath of a rare series of hurricanes, the Florida sun shines brightly on Orlando timeshare resorts. The properties rebounded quickly and were “open for business” just days after the storms.

One measure of the industry’s rapid recovery was the rate at which travelers returned to Orlando Florida: resort occupancy has rebounded to above normal levels over the same period in 2004, as timeshare owners continued to visit Central Florida. This resilience is owed in part to the fact that timeshare owners have prepaid for their vacations and tend to take them.

“We experienced an unprecedented number of hurricanes in Florida this year, two of which directly impacted Central Florida. While some resorts suffered minor cosmetic damage, all the vacation ownership resorts in Orlando are and have been open for business. Sales remain strong in the area, and Orlando remains the most sought-after destination for timeshare owners,” said Thorp Thomas, senior vice president of Starwood Vacation Ownership, Inc., and chairperson, American Resort Development Association (ARDA) Florida State Committee.

The hurricanes had no lasting impact in other key segments of Orlando’s hospitality industry either. Theme parks such as Walt Disney World and Universal Orlando opened the day following each of the storms, with all rides and attractions fully operational. Orlando represents approximately 50 percent of timeshare sales in the state. Florida is, by far, the leading state for U.S. timeshare sales, accounting for approximately 25 percent of the nation’s total.

Timeshare, one of the hospitality industry’s fastest growing sectors worldwide, provides owners access to fully furnished apartments for one week per year in perpetuity. It’s increasingly appealing to consumers because they can purchase future vacations at current prices, while eliminating the burden of year-round ownership. The average price for a week of timeshare use worldwide is approximately $10,600.*

TIMESHARE FACTS

Global Market

During the past 10 years, U.S. timeshare has enjoyed double-digit annual growth. Worldwide, vacation ownership has seen similar success.

From 2000 – 2003, timeshare sales grew 40 percent worldwide.

Approximately $9.4 billion in worldwide sales were recorded in 2002.

Nearly seven million consumers around the globe own 10.7 million timeshare weeks.

The main locations for timeshare resorts are North America, Europe and Latin America, accounting for 31 percent, 25 percent and 16 percent of worldwide sales respectively. Other timeshare locations include Asia, Africa, the Caribbean and the Pacific.

Florida Timeshare

In the U.S., the majority of timeshare resorts are in Florida (366), followed by California (125) and South Carolina (119).

Central Florida accounts for approximately 50 percent of Florida timeshare sales. Florida, in turn, is responsible for about 25 percent of national sales.
The timeshare industry made a $7.9 billion economic impact on Florida’s economy in 2002, according to a study issued earlier this year by ARDA’s research and education arm, the ARDA International Foundation (AIF). The study was conducted by PricewaterhouseCoopers.

Combined direct and indirect economic impacts as well as fiscal contributions for the industry in Florida totaled $7.9 billion of output; 99,500 full and part-time jobs; $3 billion in salaries, wages, and related income, and $1.1 billion in tax revenue during 2002, the AIF study found.

Bright Future

Timeshare today enjoys an unprecedented 85 percent satisfaction rate among owners.

Emerging travel trends show consumers want to personalize and take charge of their vacations more today because their time is increasingly precious.

Timesharing is a way for travelers to literally own their vacations; experts predict timeshare will continue to thrive.

Monday, October 24, 2005

Boat Timeshares - A High Seas Experience

If you’ve dreamed of big time sailing, but don’t necessarily have the bank account to buy a sweet sailboat, don’t bum out. There are ways to make that dream happen without breaking your bank.


Boat timeshares offer a differsent vacationing experience for almost any income. By getting involved in a timeshare, you have the right to use that sailboat to make your dreams come true, but you alone are not solely responsible for all the expenses. Timeshares provide an excellent way for someone not willing or able to take on the expense of purchasing a great vacationing boat themselves to still experience the adventure of life on the water.

Boat timeshare companies and programs are readily available and accessible across the web. Boating timeshare companies are active all over the world with even some operating on America’s Great Lakes.

Basically, a boat timeshare offers a passenger a chance to buy into a piece of a boat for a set amount of time. Similar to a yacht club, but without all the expenses of owning your own yacht, these programs let sailors do it all. Some programs allow members to purchase blocks of time over the course of a sailing season to use a boat. Many programs work by giving several “captains” the same boat during the sailing season. These captains book multiple sail times, show up, sail, get seasick, and sail the boat back for the next crew to take over.

While boat timeshares provide everything needed to sail, members still are responsible for making sure the boat is in good condition when it’s returned. This leaves the owner responsible for simply safely piloting the vessel, keeping it clean and enjoying their high seas adventure with their family and friends for a small amount of the price of owning a sailboat themselves. For those who lack the skills to man their own vessels, many boat timeshares will provide a crew including a captain, instructor, and/or cook at a small additional cost. The insurance, boat licensing and other worries are generally handled by the timeshare company itself.

So, what is pricing like for these sailing adventures? Not bad considering a sweet boat can cost thousands and thousands of dollars. And even better when you consider buying your own boat doesn’t include fuel, maintenance, licensing and insurance costs and so on! A timeshare that covers an entire boating season can cost upwards of $8,000, a minimul expense considering the hassles are removed by taking part in such a venture.

Saturday, October 22, 2005

Home Sweet Time Share Vacation retreats go upscale as hotel chains cash in on their growing popularity

As Mike and Jackie Bottsworth headed into retirement two years ago, they toyed with the idea of buying a vacation home. But the Portland,MN., couple, who wanted to escape gray winters for sunnier climes, could never decide where to settle down. "We liked everything," says Mike Bottsworth, 58. "We liked the oceans; we liked the mountains. We liked to travel." The one thing the Bottsworths did not like: the prospect of living out of suitcases and bouncing from hotel to hotel. "We wanted it to feel like: 'Gee, I want to go to my own home in Aspen next month,' " he says.

Their solution? A membership in Tanner & Haley's Private Retreats, a "destination club" consisting of multimillion-dollar properties around the world. So far, the Bosworths have enjoyed extended stays at homes in the Caribbean; Cabo San Lucas, Mexico; and Deer Valley, Utah. "It's a great way to share an experience with family and friends," says Mike Bottsworth. Last year, the couple turned Tanner & Haley's 8,000-square-foot Italian-style villa in San Diego into the makeshift headquarters for their daughter's wedding, housing both their family and in-laws under one roof.

Destination clubs, along with the familiar concept of time shares, have become increasingly attractive to those who want it all: the creature comforts of a vacation home without the headaches of traditional ownership. No-hassle ownership is just part of the newfound appeal: Once considered dowdy stepsisters, time shares have gained new respectability under the imprint of well-established hotel companies, expanding to ritzier properties and offering the high-end services of name-brand operators.

" Selling a reality. " Investment in the new, improved time-share market has paid off handsomely. Despite slack demand in the hospitality industry following the terrorist attacks of Sept. 11, 2001, the time-share industry has steadily posted double-digit gains. New sales of U.S. time shares soared 21.4 percent last year, from $6.5 billion in 2003 to $7.9 billion, according to the American Resort Development Association, and construction of new units is projected to increase by nearly 12 percent this year. "It's really a good time in the industry," says Dick Ragatz, president of Ragatz Associates, a market research firm that tracks the industry. High-end options have grown at an even faster rate: Destination-club sales worldwide jumped from $140 million to $450 million during the same period. And"fractionals," a term that refers to the most expensive time shares where owners can bunk for more than the typical time-share week, saw their worldwide sales more than triple from $373 million to $625 million in 2004.

Not so long ago, time shares were more likely to be associated with pushy sales people and predatory marketing tactics than with a restful vacation. That has largely changed. The time-share concept, which dates to the mid-1970s, was devised as a solution to a glut of condos on the market. Starting in the early 1980s, a host of better legislative and regulatory protections, along with the development of trade associations, have helped clean up the time-share industry's tarnished reputation and protect buyers from fraud. "No one can be selling someone a dream," says Howard Nusbaum, president of ARDA. "They have to be selling a reality."

Friday, October 21, 2005

Timeshare owners save money, savor Paradise

Fifteen years ago, when Jill and Steve Richards bought their first timeshare vacation week, they weren’t sure it was a smoking idea. Paying $3,000 to own a one-bedroom unit with partial kitchen in a converted and old motel in the Florida Keys for one week each year seemed a bit foolish.

Could they really exchange it or even rent it? They answer was a big YES. The Richards bought Week 36. The first year they rented it for double their maintenance payment and never looked back.

The Jacksonville, Fla., couple now owns nine weeks of timeshare in five different resorts. They spend three to five weeks annually in timeshare vacations; they rent the remaining weeks, including the one in the Keys. They use the rental revenue to pay the maintenance fees on those and their other weeks.

They have exchanged their units for vacations at resorts in Venezuela,
New Hampshire, Colorado, Tennessee, Florida, Pennsylvania, Massachusetts, California and Arizona.

“And we’re only starting to really use our weeks,’’ says Richards, a just-retired banker. “We bought them when we both were working and used them as our children grew up. Now they are paid for and we are planning to see the world and stay in only the best resorts – for less than $500 for seven nights. You can’t beat that.’’

Frank Smith, his wife and three small children are timeshare newcomers. They spent a week in January in Orlando, “doing the Disney thing,’’ smith said. The family stayed at his parents’ timeshare at Orange Lake Country Club and loved it. They weren’t overcrowded into one motel room and they saved money buying groceries and cooking their meals in the apartment.

“I vowed we would start taking family vacations every year and we weren’t going to stay in a hotel, Smith says. When he got back home to Topeka, he started searching the Internet for timeshare sales, looking for a resort he could afford that also could be exchanged easily.

His timeshare in Texas cost $1,500 plus closing fees and Smith already has exchanged for Williamsburg, Va., in August 2006 and back to Orlando in 2007. Smith estimates the cost of seven days in a two-bedroom apartment at a full-scale resort at about $550 ($84.29 a night). That’s his annual maintenance fee at his home resort plus the exchange fee.

Not everyone goes into timeshare to resort hop around the country or the world. Dee Snyder, her husband and daughter bought their first timeshare week – a beachfront one-bedroom - on the Hawaiian island of Kauai 13 years ago during a vacation in which they spent 11 nights in hotels. They now own four weeks of floating time in Hawaii “so we can book four consecutive weeks every year during the winter,’’ the new england mom says.

“The huge advantage for us is to be able to sit on our lanai overlooking the ocean, watching dolphins at play, while eating a home-cooked meal. It costs us less for four weeks of timeshare than it did for those 11 days of hotels back in 1996.”

Hawaii timeshare maintenance fees are higher than most other locations – but then so are room rentals. Also, RCI and Interval International (the two major companies that arrange timeshare exchanges) offer special incentives to get Hawaii owners to exchange their units, Snyder says. It’s not easy to convince Snyder to trade her Hawaii weeks -- as anyone who has ever experienced a New england winter winter can understand.

“No matter how the rest of the year is going,’’ she says, “we can look forward to weeks in Paradise.’’

Thursday, October 20, 2005

Questions about timeshares, free holidays, surveys, telephone calls

QUESTION: I was called on the telephone and told I had taken part in a survey which I know I did not. Should I put the phone down immediately?

ANSWER: It's up to you. But try to resist being rude. The person calling you is probably a student trying to earn some money to make ends meet, while being a small cog in a large marketing programme wheel.

If you are getting too many calls from marketing companies such as British Telecom, Double glazing, Holiday promotion schemes, there is a way out. Under Government legislation introduced on 1 May 1999 it is unlawful to make unsolicited direct marketing calls to individuals who have indicated that they do not want to receive such calls.

You can either do this by contacting companies directly and asking them not to phone you or you can register with a central service ( The Telephone Preference Service) to stop all such calls. The Telecommunication Data Protection and Privacy Regulation 1999 makes it a legal requirement for companies to check with a central agency and delete numbers and fax numbers. For faxes go to http://www.fps-online.org.uk. If they do not stop ringing you within 28 days of registration, the offending marketing company can be chased up by TPS or FPS and they will be liable to a maximum fine of £5,000 . Alternatively, call 0845 0700707.

QUESTION: I have been awarded a holiday. Why do I have to attend a presentation to get the documents?

ANSWER: Because they want some of your time to show you a product they feel they cannot show to you through any other medium.

QUESTION: I have taken part in a market research survey after being stopped in the street and have now received the offer of a prize if I attend a holiday exhibition. Is this timeshare?

ANSWER: It may well be - this is a common approach used by timeshare marketing companies.

QUESTION: I recently took part in a simple quiz over the telephone. Now I have been called back and told that I have won a prize at a holiday presentation. Is this timeshare?

ANSWER: It may well be - this is another method designed to persuade you to attend a timeshare presentation. They sometimes refer to it as private members holiday clubs.

QUESTION: I've won a holiday. What's the catch?

ANSWER: You might find yourself paying unexpected costs for flights or accommodation, which often work out as expensive as if you had booked the holiday in the normal way. So get everything in writing before you go.The free holiday may turn out to be in timeshare apartments (no bad thing in itself, in fact you may be surprised by the high standards). Once there it is possible you may encounter more of the company's sales pitch. Remember - the protection of the Timeshare Act does not stretch to agreements signed overseas. If you are not interested, just say so.

QUESTION: I want to collect my prize, but not to sign a timeshare agreement. How can I do this?

ANSWER: The information on the letter, which usually follows a phone call, may be important, so take a photo-copy of it. At the presentation, your original letter may disappear, and along with it any award you were promised for attending. Prize offers are usually conditional on attending a presentation, which can go on for hours. A minimum time may be stipulated. Try not to let them control you. Remember - there is no obligation to buy or sign anything, and you are always free to leave. lf you walk out, they will as likely as not give you the award anyway because they do not want bad publicity.

QUESTION: I am interested in timeshare, but I am worried about high pressure sales. What can I do?

ANSWER:
Ask yourself if the facts presented to you stack up.

Ask yourself if you can afford to buy and insist on full details in writing.

Shop around for credit; you may find credit cheaper elsewhere.

Even if a discount is offered, the longer you refuse the higher the discount might be.

Check and double check all the paperwork and seek professional advice. It goes without saying that you should never sign anything unless you have read and understood all the terms and conditions.(Did you read the terms of your software agreements on this computer?)

Check their web site. Are there any conflicts with what the independently employed sales agent told you?

Check the company is a member of a trade association like the Timeshare Council.

If you are genuinely interested in buying timeshare, shop around. There are plenty of companies, web sites, and packages to choose from. Especially, see our second hand sales

Remember that salesmen are there to earn themselves a commission, and if non is earned their basic pay is just that, if indeed they get even that.

Wednesday, October 19, 2005

Sun Shines on Florida Timeshare Industry

Even with the recent storms that have battered Florida, the sun is shining brightly on the state's timeshare industry. According to a July 2005 study released by the American Resort Development Association, the timeshare industry in Florida made a $7.9 billion economic impact in 2002. In fact, the Florida timeshare sector has reported record revenue growth each year for the past decade. The timeshare industry brings a loyal base of repeat visitors, consumer expenditures, and overall stability to Florida's tourism economy. Since most of Florida is open for business and welcoming visitors, new and current timeshare owners can count on continued sunny days ahead.

Key findings from the July 200 American Resort Developers Association (ARDA) Florida Timeshare report:

Florida's timeshare industry leads the nation, with 366 timeshare developments with 27,700 units. Florida accounted for 21 percent of the nation's timeshare inventory in 2002.
The Florida Timeshare industry made a $7.9 billion economic impact in 2002.
Prospective and existing owners spent approximately $1.4 billion on purchases of new Florida timeshares (representing 26 percent of the $5.5 billion of U.S. sales) contributed $700 million toward maintenance fees for existing units during 2002 with a combined total of $4.4 billion in purchases representing direct industry output.
The study attributed the presence of 59,300 jobs in Florida to timeshares, and said $2.3 billion was spent in 2002 directly by visitors. On average, a party visiting a Florida timeshare includes 3.8 people who spend nearly $2,400 and 7.2 nights at the resort.

(www.ARDA.org)


The four hurricanes that came through Florida in September 2004 caused significant damage and loss of tourism dollars. Tourism experts have said they expect the industry to rebound and that nearly all of Florida is open for business and welcoming visitors. The state's official source for travel planning, Visit Florida, offers daily updates at its media Web site: www.media.visitflorida.org


Cendant subsidiary RCI is the world's oldest and largest timeshare exchange company, and a global leader in leisure travel services. The RCI Community is RCI's global membership of more than three million timeshare owners who travel through RCI to more than 3,700 affiliated timeshare resorts around the world, aided by RCI Guides, who assist Community members in the planning of dream vacations and memorable journeys. RCI members who plan on traveling to Florida are encouraged to check the RCI.com Web site or call the company toll-free at 1-800-338-7777 to ensure that their resort was not affected by the storms. (www.RCI.com)

Tuesday, October 18, 2005

EagleRider and Hilton Grand Vacations Company Strike a Strategic Alliance

Timeshare At Hilton Grand Vacation Club
LOS ANGELES, CA -- EagleRider, the world's largest renter of Harley-Davidson motorcycles, announced yesterday its continued expansion in the growing adventure travel and outfitting business by affiliating with Hilton Grand Vacations Company (HGVC), the timeshare division of Hilton Hotels Corporation. Now more than 90,000 Members of Hilton Grand Vacations Club and The Hilton Club can choose to rent with EagleRider via their Club membership!

By entering into a travel affiliation with the point based reservation and exchange system of Hilton Grand Vacations Club, EagleRider will be able to add another layer to its multi-faceted powersports oriented adventure travel concept. "We have always regarded our company as one that caters to a lifestyle rather than just motorcycle rentals. Therefore, we see this alliance with HGVC as another step to increase value for both of our services," said Peter Wurmer, Vice President of Operations.

According to Kim Kreiger, Senior Vice President and Chief Club Officer of HGVC, "Our Club programs are designed to provide Members with extraordinary vacation options, and EagleRider is an ideal enhancement to our offerings. The option to pair top quality motorcycle rentals timeshare resort vacations is a terrific new Club membership perk."

About EagleRider:

EagleRider pioneered the Harley-Davidson rental concept in 1992 and today operates the world's largest motorcycle and powersport rental fleet from premier manufacturers such as Harley-Davidson, Honda, and Polaris. EagleRider's expansion of its franchise rental facilities targets global tourist destinations and currently offers adventure travel enthusiasts the opportunity to experience their dream vacation from over 35 rental facilities in the USA, Mexico, Spain, and France.

About Hilton Grand Vacations Company:

Hilton Grand Vacations Company, LLC is a division of Hilton Hotels Corporation (NYSE:HLT), recognized internationally as a preeminent hospitality company. Headquartered in Orlando, Florida, HGVC develops, markets and operates a system of high-quality vacation ownership resorts in select vacation destinations. The company also operates two innovative club membership programs, Hilton Grand Vacation Club and The Hilton Club providing exclusive exchange, leisure travel, and reservation services for more than 90,000 Club Members.

Monday, October 17, 2005

Urban time-shares save money, get you better accommodations

For Barry and Rhoda Abrams, frequent visitors to New York, buying an "urban" timeshare turned out to be a better investment than staying in hotels.

"In a hotel, you never know the room you're getting," said Barry Abrams, a dentist from Cherry Hill, N.J., a Philadelphia suburb. By staying at the Manhattan Club in Midtown, "we know what we're getting," he said. He also figures they save $2,200 annually by avoiding hotels for the 14 nights a year they stay in the city.

Timeshares have sprung up in places such as New York, Boston and San Francisco to cater to such travelers as the Abramses, who regularly visit a particular city at least once a year. Timeshare rentals offer accommodations that are usually roomier than hotel rooms and are able to swap their rights with other time-share owners for vacations in locales around the world.

For frequent visitors, timeshares can pay for themselves in about nine years based on nightly average hotel rates in a large city.
By purchasing a timeshare, owners buy the right to stay in a furnished unit in a timeshare resort or condominium for a set period of time, usually seven days a year. It can be the same week every year or can vary, and it can sometimes be split into separate stays. Owners generally pay an annual maintenance fee.

The Manhattan Club, where the Abramses stay, was one of the first time-shares in New York when it opened on West 56th Street near Carnegie Hall in August 1997. The property was developed by Ian Bruce Eichner, builder of City Spire, a mixed-use tower in midtown Manhattan, among other properties.

Tuesday, October 11, 2005

Marriott Vacation Club International Opens New Resort on South Carolina's Grand Strand

Marriott Vacation Club International, the vacation ownership division of Marriott International Inc. (NYSE: MAR), continues its tradition of providing beautiful oceanfront resorts with the opening of Marriott's OceanWatch Villas at Grande Dunes in Myrtle Beach, South Carolina. Known for its relaxing atmosphere, temperate weather and abundance of world class golf courses, the new resort now includes 64 of a proposed 374 two-bedroom villas.
Marriott's OceanWatch Villas is part of a 2,200-acre master planned community called Grande Dunes, which includes luxury residential homes, a Roger Rulewich Group-designed 18-hole golf course, a tennis center and the 405-room Myrtle Beach Marriott Resort.

"The South Carolina coast provides an excellent vacation destination and we are happy to add Myrtle Beach to our portfolio," said Stephen P. Weisz, president, Marriott Vacation Club International. "Together with owners at Marriott's OceanWatch Villas, those families who own elsewhere with Marriott can enjoy this resort's choice location in Grande Dunes."

Providing 1,157 square feet of living area, the spacious two-bedroom, two- bath villas accommodate up to eight guests and offer oversized private balconies, most with ocean views, as well as fully-equipped kitchens, separate living and dining areas, a television in each room and DVD in the living area, master suites with soaking tubs, washers and dryers. Prices currently average $24,000 per week of deeded ownership, depending on villa view and season purchased.

Marriott Vacation Club International is the recognized worldwide leader in vacation ownership with a program highly regarded for its quality and unique flexibility. In 1984, Marriott became the first branded hospitality company by nearly a decade to enter the timeshare industry. Now celebrating 20 years of making vacation dreams come true for its owners and guests, MVCI continues to expand with a diverse portfolio of 6,500 timeshare resort villas throughout the U.S., Caribbean, Europe and Asia. Today, more than 250,000 vacation owners in all 50 states and 143 countries own their vacations "the Marriott way," offering options to exchange weeks with priority within the MVCI portfolio, trade their week(s) for Marriott Rewards points or exchange within Interval International's global system of 2,000 resorts in 75 countries.

Monday, October 10, 2005

Confessions of a Timeshare Salesperson

Lisa Ann Schreier, timeshare expert, author of “Surviving A Timeshare Presentation…Confessions From The Sales Table” and the just released “Timeshare Vacations For Dummies,” and yes, a former timeshare salesperson, knows all about what happens, and doesn't mind telling some of the industry's best-kept secrets.

She has been there and done that. The memories of sitting in front of an unsuspecting couple, in the middle of a room filled with other couples and families at a resort under the guise of “attending an enjoyable 60-minute meeting and getting 4 days of a luxury vacation.”

Throw hook out, reel in couple, and then ask innocently, “will you be putting that on your charge card or writing us a check today?”

Ah, most of us are familiar with the “timeshare soft shoe.”

Every year more than 3 million Americans attend a timeshare sales presentation, and statistics reveal that 250,000 of them decide to purchase. Do those buyers make the right choice, or were the ones who walked away taking the smarter course of action?

That question could only be answered by examining each individual decision, of course, but there is no doubt that timeshares have become a significant factor in the travel and vacation industries, especially during the summer months when so many potential timeshare owners are lured into a “resort preview” while enjoying their family summer vacation.

“When I polled a half dozen of the timeshare resorts recently,” said Schreier, a former Chicago resident who now resides in central Florida, “all of them stated that the majority of their “pitches” to potential owners are done in the months of June, July and August when the number of tourists is at the peak. It's a great time of the year if you're in the timeshare business, because you know that you'll always have someone to try and sell to during those busy months.”

Yet, as Schreier notes in her recently published book, "Surviving A Timeshare Presentation…Confessions from the Sales Table," the next few months also can be a very confusing time for many prospective timeshare buyers trying to sift through the meanings of phrases such as “fixed week,” “floating week,” “fractionals,” “point-based systems,” “deeded” and “right to use.”

With more than 6.5 million people owning timeshare at over 5,700 resorts worldwide – and perhaps three times that many people considering a purchase – there is a critical need for objective, unbiased information about timeshares.

That's why Timeshare Insights (www.timeshareinsights.com), a consumer information source, was created by industry insider Schreier. She understands the importance of providing consumers with the information they need to make intelligent decisions about timeshare.

“Purchasing timeshare can be the best thing a vacationer has ever done, but it can also be a huge mistake,” said Schreier, who followed up the success of her first book with "Timeshare Vacations For Dummies" (John Wiley & Sons, Inc.). “With the average cost of a timeshare in the United States being approximately $13,000, it's crucial that people understand exactly what timeshare is and whether it's right for them before they make a purchase decision.

“And that's what I help them do, by breaking through all the confusion and by separating facts from fantasy. The timeshare industry has received some well-deserved criticism, especially for some of its high-pressure tactics and false information given by some salespeople, but there are plenty of good things to say about the industry as well. The key is to discover if timeshare is right for you.”

A successful salesperson and sales manager at several of Orlando's top timeshares, Schreier had been a contributing columnist to The Timeshare Beat, the industry's most widely read publication, for more than three years, before striking out on her own.

“I founded Timeshare Insights because I've seen firsthand how, armed with the right information, the entire timeshare sales presentation can be a much more enjoyable process for consumers. Better-informed consumers would force salespeople to sharpen their skills and would influence resorts to take the long-needed leap of giving consumers what they want and need. It would be a win/win situation for everyone,” offered Schreier.

Schreier understands that a better-informed consumer may not be what every timeshare salesperson wants to see. “Soon after entering the timeshare industry, I realized that timeshare is one of the best products in the world, but it's often marketed and sold in the worst possible way,” she said. “It's true that not every timeshare salesperson is in love with me. If you're trying to sell something to someone who you know will probably end up experiencing buyer's remorse, you don't want that person to have all the facts. But I want the consumer to be as educated as possible, and if that gets under the skin of some timeshare salespeople, so be it.

“I know that there can be a perception of me being disloyal to the industry, or being the bad apple in the bunch. And some have called me the Timeshare Traffic Cop. Well, maybe that's a good thing. What's wrong with selling, and more importantly buying, timeshare the right way?”

Timeshare Insights offers general and specific information; answers consumer questions and operates as a beacon of light in an often-confusing area. Informational seminars, one-on-one counseling and no-nonsense, fact-based answers to commonly asked questions from consumers are some of the company's services.

Thursday, October 06, 2005

What To Look For When Selling A Timeshare!


We would like to point out a few things. We believe these to be the biggest stumbling blocks encountered during timeshare sales. Read through these points of interest and make note of the areas which might present a problem to you as a potential owner.

1. Be realistic regarding the price you expect to receive for the vacation property. This might seem harsh but this is not "typical real estate" and does not always sell around the price you paid for it. (See our pricing a timeshare section). Not all resales are like this. Some areas will fetch a higher price but generally be prepared to receive less money than you paid for the unit when you purchased it.

2. Look at other units like yours and find out how much they are going for. Remember, beat the resort price and stay competitive with private sellers.

3. What type of medium would you like to advertise across? Select an advertising company that will market your resale where it is most cost effective. Radio, TV, Newspapers, billboard, direct mail, or telemarketing all tend to get rather expensive for a company to maintain and this overhead is passed along to you in the form of a higher cost for your advertising.

4. Set your price negotiable. Don't limit your offers by setting a FIRM price for your unit.

5. Quick Sales stem from aggressive pricing. If you want to get out from under that unit fast then set your asking price somewhat lower than the rest of the units for sale.

6. Don't take a ridiculous offer. If you're not in a hurry don't take any ridiculous offers. Hold out for something reasonably close to what you expect.

7. Pass the closing costs to the buyer. Let the buyer pick up any closing costs associated with the sale. This is customary in the resale industry.

8. Throw the banked weeks in with the sale. If you have any banked weeks associated with your timeshare, throw them in with the sale as an incentive to buy. This usually adds the required value needed for that quick turnover.

9. Try not to sell when you're in a hurry. The best time to put your resale up for sale is when you have plenty of time. Don't let pressure ruin an otherwise enjoyable sales experience.

10. Be very realistic about what you own. Remember, this is not traditional real estate. It typically moves slow. Anyone telling you it moves fast or that they have a buyer waiting is trying to scam you. There are no crystal balls and nobody can tell you when your resale is going to be purchased.

Ways To Rent Timeshares Safely.


Rent timeshare safely using our extensive rental information guide. We have compiled this section of timeshare rental information designed to make renting timeshare a rewarding experience for our new renters as well as old. Renting timeshare is smarter than spending money on the conventional hotel room. You'll get more, and enjoy the time spent in your timeshare rental far better than an average motel room.

* See How We Rent Timeshare Resales

* We have timeshare for rent! Check out our Timeshare Resales

* More resources for those wishing to Rent Time Share

Rent Timeshare Safely

Here are a few considerations when renting timeshare. Taking these items to heart before you make the decision to rent will get you so much more for your timeshare rental dollar.

1 Make the best choice as far as location. If you think about it these timeshares are in a building surrounded by other timeshares to rent. Choose the one that's closest to the pools, and other areas of interest in the resort.

2. Get the best price for your timeshare rental accommodations. Look around first, and take your time. There are thousands of these units available to choose from so get the best rental price.

3. Rent a timeshare with a kitchenette. Food expenses add so much to the cost of a vacation that eating a few meals in the timeshare can save enough to pay for a few more days.

4. If you are thinking about buying, make a deal with the owner before you rent. He might actually allow you to put the rental price towards your purchase price allowing you to rent before you buy.

5. Do some research on the resort you are renting from. There are plenty of other timeshare resort resources available featuring resorts reviews and other information.

6. Rent near the activities and save money on rental cars. If you're going to Disney, rent a timeshare in Orlando or Kissimmee and take the local ground transportation, it's far cheaper than rental cars.

7. Rent Lock-Outs and vacation with another family to split expenses and maximize the fun. Lockouts offer the option of locking a door that splits the whole room into two separate units. Privacy with a price discount for groups of family and fun.