Purchasing Timeshares In The Resale Market May Not Be The Relief That You Require

Some vacation goers are once again interested to purchase timeshares. Timeshares in the resale market from timeshare owners seeking for timeshare relief are normally priced lower than timeshares from timeshare companies. However, timeshare prospective buyers should be vigilant in purchasing timeshares from the resale market.

Timeshares from the resale market may not be the relief that you are seeking for if you end up buying a timeshare that was overly promoted. Such often happens to timeshares in the resale market. With the aim to have the timeshares sold, some features and amenities are overly stated to give a good picture of the timeshare unit.

To make sure that such problem will not hit you, it would be best to visit the site before finally purchasing the package. If the site is too far from you, ask a friend or a relative to do. Seeing the site first hand will assure you that what you will get from the purchase are exactly the things that you were expecting and the things that you needed. Consider the presence of malls, grocery outlets, and other similar establishments. Those will prove useful later on because you will surely need to purchase stuff during your vacation.

Do not purchase timeshares in haste. You might end up regretting your decision and doing so may require you to get rid of your timeshare. Doing that is not easy so make sure that you will not end up wanting to do just that.

Growth of Timesharing in the Emirates is a Relief to these Countries

The financial crisis revealed a decline of timesharing in western countries. Timeshare companies experienced a decrease in sales and more timeshare owners are seeking for timeshare relief. However, a different scenario is happening in the Emirates.

Countries belonging to the Emirates are seeing a revival of the timeshare industry. It is gaining additional popularity that timeshare companies there are now preparing for timesharing of not only vacation accommodations but also yacht and private planes.

Wael Hussein Amer, deputy general manager of Arabian Falcon, stated that timesharing is gaining a following because of the cost sharing it offers the interested timeshare package buyers. It allows people to own a property for a week or more at a much lower rate than actually buying the whole property. They consider it more viable because of the fact that these properties are usually used for a couple of days only in a year’s time.

Luxury goods buyers are the ones who are finding it really convenient. They are naturally into purchasing luxury items and now with timesharing, they get to use these luxuries and maintain their luxurious lifestyle at a fraction of the cost it amounts to once bought not under the timeshare system.

Timesharing may have seen a decrease in the US and other western countries but this growth in the Emirates is a relief enough to the industry. Some of these owners may also end up getting rid of their timeshare contracts but the timeshare industry can still be happy with that knowing that timeshares were sold out at this point in time.

Write Downs in the Timeshare Industry is a Relief to Companies

Several write downs were experienced by the timeshare industry these past couple of months. These write downs reveal that the exodus of timeshare owners who are seeking for timeshare relief is not the only dilemma that the timeshare industry is currently experiencing, especially during this economic recession.

Timeshare industry is one of the most famous vacation options in the accommodation industry. It has grown to offer the most luxurious vacation locations to people and has even enticed hotel companies to engage in this type of business.

However, the recent financial crisis revealed some of these companies closing down and others writing down some of their assets. Starwood Hotels and Resorts Worldwide, Inc. disclosed their $362 million write down with their fourth quarter earnings last Thursday. The company is discontinuing the construction of some of its timeshare resorts. They also included the amount for the raw land that they intended to use for a timeshare complexes. They will no longer continue with the plan.

This Starwood write down is not the first for the industry. Five months ago, Marriott International, Inc. also declared a write down amounting to $760 million. The moves of these companies are brought about by the decrease in sales as well as the difficulty in financing being experienced worldwide.

If these write downs will continue, the timeshare industry will surely experience a decrease in timeshare developments. This will worsen the current situation of the industry where timeshare owners are already getting rid of their timeshares.

Singapore Continues to Need Relief from Fraudulent Timeshare Companies

The Consumes Association of Singapore (CASE) is concerned of the increase in beauty – related complaints but the continuous existence of fraudulent timeshare companies affecting timeshare owners seeking for timeshare relief in Singapore is still more alarming than other consumer – related predicaments.

CASE is the organization that upholds the rights of Singapore consumers. They always look at complaints of the people regarding offenses on consumer rights being maintained in the country. And with this responsibility in mind, they always look at the extent of problems the consumers get to encounter.

Apparently, beauty – related purchases caused some complaints for the past two years. Some spas closed down making the clients of these spas complain about non delivery of services. Spas and facial centers received several complaints alarming CASE of further increase.

And so, CASE is looking at options that can prevent the increase of beauty – related complaints. They are considering creating an accreditation system for spas and facial centers. CASE is coordinating with Spa Association of Singapore and Spa and Wellness Association for other options that they can also consider.

Regardless of the increase of complaints, timeshare still tops the list of most complained industries. Several timeshare owners are still complaining of non delivery of services being promised to them. Timeshare owners who want to get rid of their timeshares are usually the ones affected by this predicament. They are often promised much but end up receiving less than what they paid for.

If CASE continues to be successful in their efforts to curb out these complaints, the consumers will definitely benefit from their efforts.