Timeshare Development Today and in the Future

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Today’s timeshare industry is still growing at a fast pace, with new markets beginning to open up in Eastern Europe and Asia with integration of the already well-established older markets that are in North America and Western Europe.

Timeshare is now established firmly as an important sector in the mainstream vacation market, it is a multi-billion dollar industry embracing small-scale entrepreneurs and large corporations. Its globe-spanning reach with about 6,000 resorts in over 90 countries extends from Mexico to South Africa, China to Spain. For a quality timeshare from a well known company you may want to consider a Marriott timeshare points resale.

Some of the most popular names in the leisure and hospitality sector have their hands in timeshare – Sheraton, Hilton, Disney, Four Seasons, Ramada, Westin, Hyatt, Radisson, and Ritz-Carlton. Also at this time, the number of well-known European companies that are interested in timeshare keeps on growing – RIU Hotels (Touristik Union International or TUI, the largest tour operator in Europe, owns 50%), Macdonald Hotels in a partnership with Barrats (the #1 house builder in the UK), DE Vere, Sol Melia, and Mondi Ferienclub in Germany.

The millions of owners, their family and friends around the world, who are enjoying the quality developments of timeshare are making the phenomenon’s success story unrivaled. Back in 1999, more than 12 million people took a vacation on timeshare.

Timeshare owners come from over 190 countries but more of them live in the United States than anywhere else in the world – 47%! In fact, the United States has the most number of timeshare resorts – over 1,500. That number is more than 37% of all resorts worldwide. In the western part of the globe, the timeshare industry is now regulated and higly organized. Governing bodies on trade like the Organization for Timeshare in Europe (OTE) and the American Resort Development Association (ARDA) labor to put in place codes of conduct and make sure that any expansion will be grounded on ethical standards and sound commercial practices. Some timeshares do have selling restrictions, for instance, you may want to investigate Marriott timeshare resale restrictions.

There are also significant laws (regional, national, and international) in place that aim to help in protecting the rights of prospective purchases and to discourage sellers from using high pressure tactics.

Tomorrow’s Timeshare

The worldwide timeshare industry looks set to grow in popularity and log record sales in the months and years ahead. Social trends mean more people have more time and money to devote to travel and the concept of vacation ownership. In many parts of the world, regulation has given timeshare a firm footing, helping to reassure and protect purchasers with a series of consumer protection measures.

Since its inception, timeshare has undergone a metamorphosis, according to Timeshare: Coming of Age, an independent report published in October, 1999. With the introduction of a system based on points, the initial real estate concept was changed into “a flexible, pre-paid vacation membership concept, placing timeshare where it belongs – in the mainstream of travel, tourism, hospitality and leisure”.
In the next ten years, who can tell what’s in store for developments?

Come see us to learn more about Marriott timeshare resale

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