According to the 2020 State of Vacation Timeshare Industry US Study as conducted by Ernst & Young and supported by the American Resort Development Association (ARDA), 2019 was the tenth straight year of increased sales. 2019 was up 3% over 2018 representing $10.5 billion in total sales. The average sale of a timeshare is $22,942, there are 1,582 US resorts with a total of 206,380 units. Timeshares have a 79.3% occupancy rate versus a 66.1% hotel occupancy rate. Two-bedroom units make up 61% of all timeshares, 23% are one-bedroom units, 7% are studio units, and three-bedroom units make up 9 ..read more

The favorite resort for rental and request is the Marriott’s Maui Ocean Club in Hawaii. The Timeshares By Owner Concierge Department has just reviewed the most requested and rented resorts for the past year through the services of Timeshares By Owner. The following resorts are the most requested and most rented. At #1 is the “Elite” rated Marriott’s Maui Ocean Club in Hawaii, followed by some popular Orlando area properties. Coming in at #2 is surprising to finish so high on the list, but nevertheless a fabulous resort; it is the Westgate Town Center. At #3 is a resort that has been a consiste ..read more

The coronavirus pandemic is wreaking havoc on the tourist industry. The timeshare capital of the world, central Florida, is likely suffering more than any other region in the world, especially in an economy that is dependent on tourists and attractions like Disney World (the number one employer in central Florida), Universal Orlando, and SeaWorld. All of the parks have been closed until further notice. Of course, all of that causes a domino effect on other related industries; i.e., hotel, restaurant and entertainment industry. Yes the economy has tanked, joblessness exists because of furloughs ..read more

Attorneys General of more and more states are lining up against the fraudulent services of different timeshare exit companies, and most particularly, the Timeshare Exit Team. The latest comments come from the Office of the Attorney General in the state of Washington. The Attorney General of Washington was stated as saying, "Virtually every aspect of Timeshare Exit Team's operation is exposed as deceptive and/or unfair, impacting thousands of consumers across the US and Canada.” The American Resort Development Association Resort Owners' Coalition (ARDA-ROC), representing over 1.5 million timesh ..read more

Every year, millions of people make New Year’s resolutions, hoping to spark positive change. The recurring themes each year include a more active approach to health and fitness, improved finances, and learning new things for personal and professional development. Chances are, more than a couple of the top ten most common resolutions will look familiar to you, such as exercising more, losing weight, getting more organized, learning a new skill, living life to the fullest, saving more money, quitting smoking, spending more time with family and friends, traveling more, and reading more. Timeshare ..read more

Wyndham Destinations has sold its vacation rental business for $162 million. The Orlando based company is selling its inventory of 9,000 condos, houses and townhomes to Vacasa of Portland, Oregon. The deal means that Vacasa, which calls itself the largest vacation management platform now has 23,000 homes worldwide. According to the CEO of Wyndham Destinations, the deal will allow the company to focus on its timeshare programs only. Wyndham’s vacation rental business had brought in $237.5 million in revenue just last year alone, which represented 6% of the company’s $3.9 billion. Wyndham will a ..read more

Another timeshare exit company is in trouble with federal authorities. Mitchell Reed Sussman & Associates along with the Timeshare Exit Team (Reid Hein & Associates) have been ruled against by a judge for the United States District Court Middle District of Florida Orlando Division in a case brought forward by Westgate Resorts. In the summary judgment ruling, the judge stated, “Mr. Sussman’s letters informing timeshare owners they successfully exited are objectively deceptive.” The court also stated that, “Contrary to what owners were told, stopping payments does not effectuate a timesh ..read more

The timeshare Industry has realized nine straight years of growth. According to a study by the American Resort Development Association International Foundation, there has been sustained growth in the timeshare industry for the last nine years with a 7% growth rate alone from 2017 to 2018. It is now a $10.2 billion industry up from $9.6 billion in 2017. Overall sales volume has actually grown by more than 26% since 2014 with an average of 6% annually. The study also states that approximately 7.1% of U.S. households (over 9.6 million) own one or more timeshare ownership products, including times ..read more

The state of Arizona has proposed legislation in response to perceived unfair and deceptive timeshare sales practices that have allegedly left many families financially devastated. Thirteen (13) Arizona representatives have proposed the creation of Arizona HB 2639 in an effort to safeguard consumers from entering into a perpetual timeshare contract. The legislators say buyers often enter into timeshare contracts when on vacation and are encouraged to review documents after they return home from vacation, sometimes long after any rescission period has ended. Arizona House Bill 2639, aimed at al ..read more

Record visitor numbers have been reported by Visit Florida for the eighth year in a row. Visit Florida has reported 126.1 million out-of-state visitors in 2018. Overall, the total represents a 6.2 per cent jump in visitors from the record set in 2017. Visit Orlando had reported 72 million visitors in 2017, which was a record, and will be releasing its 2018 visitor count in May. Despite growth, overseas visitors actually dropped by 1 per cent. The drop was led by a 6 per cent drop in visitors from the United Kingdom. Canadian visitors were up by 3 per cent, Brazil visitors jumped by 8 per cent ..read more