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.

A New Wyndham Timeshare for Your Relief

Some timeshare owners continue to seek for timeshare relief because of the financial burden that the packages bring them. However, timeshare companies also continue to put up timeshare properties increasing the rate of purchase of timeshares.
Timeshare owners seek for ways to get out of their timeshare contracts because they are bound to the financial responsibilities associated with their timeshares. They are required to pay timeshare maintenance fees as well as other special assessments that their timeshare companies charge them. And the rates of these charges continue to increase causing more trouble for these timeshare owners.
No matter how high the rate of exodus of these timeshare owners, timeshare companies will still continue on establishing timeshare resorts. It clearly shows that timeshares bring them good profit. The cycle of getting rid of timeshares and buying of the packages even seems beneficial for these companies.
Wyndham Worldwide Corporation, one of the big timeshare companies, unveiled a new timeshare unit. The property is located in the Washington area after the successful Wyndham Old Town Alexandria. This 11-story tower can be found in the North Harbor in the Prince George County. It is a 250 – condominium style, fully furnished property with 42 presidential suites. It has all amenities an urban timeshare can offer making it really attractive. Wyndham says 75 percent of the property is already sold out.
Timeshare owners may continue to get rid of their timeshares but other vacation goers are also attracted to new timeshare properties. So, timeshare companies are really not losers in this timeshare business.

Vacationers can Find Relief through Timeshare Promotions

Timeshare owners who are seeking for timeshare relief surely do not have the same impression that other vacation goers have on timeshares. Vacationers can best enjoy their vacation if they will stay at a timeshare instead of a hotel. Hotels are just a place for you to sleep and shower while timeshare is actually a condo that resembles a home away from home. Vacationing is all about comfort and relaxation, which you can get more of when you stay in a timeshare.

But be aware, if you opt to buy a timeshare, you have to shell out big amount of money for the initial purchase price. Aside from that, you will pay for its annual fees for the rest of your life. If at any point in time you decide you don’t want it anymore, you’ll find that it will be hard to sell.

Timeshare owners usually end up putting their vacation properties up for rent in hopes of breaking even. They also strive in getting some kind of return on their supposed investment because timeshares aren't worth very much once they’re used.

On the other hand, renting a timeshare instead of buying one keeps you away from worries about lifetime annual fees or any of the burdens of owning a timeshare. You can even visit discount travel websites or look for timeshares for rent since there are plenty of timeshare rental sites where you can rent timeshares. Though you may be paying same rate per night as a hotel charges, but at least you spend money only during your travel time.

However, the best way to enjoy a timeshare vacation is if you don't have to pay for the accommodations anymore. Timeshare owners who want to get rid of their timeshares should market their property well since there are plenty of free timeshare vacations. This promotion offers free accommodations in hotels and resorts in exchange for a few hours of attending a timeshare presentation.

Continuous Closure of Timeshare Companies, Not a Relief to the Market

Previous year seems to show improvements on the economy. The better financial condition that 2010 promises excites a lot of people for this year to start off right away. Because of the probability that more people will be capable of spending vacation this year, more timeshare owners seeking for timeshare relief hope to get freedom from their timeshares.

Nevertheless, the closure of another timeshare sales office was visible by the end of the season. Over the holidays, the Festiva Resorts Limited that operates in Nassau closed down its Sales and Marketing Office. There have been many reasons why the business closed down. One of the reasons is the stringent lending criteria enforced by U.S lenders. The sales and profitability of the company went down as a result.

Overall, The Bahamas disclosed an 8.4 percent drop on air arrivals as of November 2009. It was probably difficult for Festiva Resorts to market timeshare to their visitors. Low hotel occupancy hit over the whole country.

The chief executive officer of Festiva Resorts - Don Clayton, stated that they have exerted extra efforts just to retain the Nassau office. However, economic factors apart from the company lead its closure. Now, because of the sudden closure of the company, the employees lost their jobs. It seems that they were not informed in advance regarding Festiva Resort's closure.

Festiva Resorts will keep on sending owners and members on vacation to its designated Paradise Harbour Club & Marina Resort to fulfill their service. The company guarantees this service to their clients to keep them from getting rid of their timeshare.

How to have Timeshare Relief, Fast

Most timeshare owners trying to be free from their timeshares only get it after several months and a couple of attempts. They are even often the target of scammers because of their vulnerability and their prevent desire to be off their timeshare contracts.

Timeshare Relief, Inc knows well the difficulties they go through. Its owners, David MacMillan and Cindy Martin MacMillan also underwent the same difficulties before. They were just lucky enough they were able to find a solution to their predicament early on and they are sharing the strategy with the rest of timeshare owners.

For several years now, Timeshare Relief has provided freedom to owners over the contracts they signed into the moment they purchased the property. After contracting the services of the company, the contract were transferred to the listing company and they are immediately free from the responsibilities associated their vacation package.

Timeshare Relief continues to assist owners who want to be free from their timeshare. They can be easily contacted and much information is also available online for the information of timeshare owners. They also conduct state tours to be able to reach more people. So watch out for the visit of the group in your town and don’t miss the opportunity to get rid of your timeshare. Listen to the conference and check out their system. Who knows it might be the ultimate answer to your difficulty. You have even endured having the property, what is several hours of attending a Timeshare Relief orientation.