Things To Know About Timeshares: Concepts and History

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When some failing condominium projects in St. Thomas, Fort Lauderdale and Puerto Rico had been converted into vacation ownership in the 1970′s, timesharing had turn out to be a workable choice for vacations.

The idea of vacation ownership began to be widely accepted by the public once it has been embraced by the United States. Sales jumped to over 50 million by the mid 1970′s and has climbed to much more than 2 billion annually these days. Vacation ownership has grown substantially over the years, selling around 33 million timeshares since 1980. In much more than 75 countries all over the world, you will find more than 5 thousand resorts with vacation ownership. Prior to purchasing a timeshare you might want to consider trying a Wyndham timeshare rentals.

Selection and flexibility became part of the timeshare vacation experience when in 1974 the idea of exchanging 1 week of vacation ownership in a resort for a week in another resort was introduced.

There are many exchange companies that give great service, but the two that really stand out are Resort Condominiums International (RCI) with around 3250 resorts and Interval International (II) with about 1,600 resorts. Last year, through the combined services of these two companies alone, well over 1,600,000 exchanges were produced.

During a 30 year span, the industry has grown from small hotel conversions to the top quality condominium resorts of these days. As the industry has evolved from simple scattered entrepreneurs to well-formed and managed expert development businesses, substantial improvements could be seen. Standards and ethics for management, sales practices, and advertising have been produced by leaders who have emerged from these groups. A notable organization like the American Resort Development Association (ARDA) has established its own “Code of Ethics” that all members are needed to follow. The quality and image of the industry have been greatly improved by the entry of main hospitality chains like Marriott, Hilton, Ramada, and Disney into the market place. Vacation ownership resorts of today are luxurious, spacious and properly situated. To obtain a timeshare that will be exchanged easily buy a Wyndham timeshare.

With the coming of improved services by professional management and development companies together with the rooting out of much less suitable marketers and developers, the image of the industry has observed a change from historically negative to becoming publicly acceptable. A number of of the industry’s leading analysts concluded that the majority of timeshare owners are extremely satisfied with their purchase and in fact, many own several weeks. The futures is bright and also the potential is tremendous for vacation ownership.

To see a comprehensive timeshare selection buy a Wyndham timeshare

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