Posts Tagged ‘timeshare units’

Timeshares On The Rise?

Oct 26th, 10 / 2 Comments

It seems as though the timeshare industry in closing in on hotels as far as occupancy goes. A new report from Tourism & Chamber Alliance states that 48% of local occupancy comes from timeshares. Back in 1987 this was as low as 15%. Clearly timeshares seem to be growing, however, regarding this data in the wrong context can easily cause misinterpretation. Total timeshare occupancy has been estimated at over 2 million rooms which suggests that timeshares are doing quite well for vacationers. This equates to an estimated 70% occupancy percentage for all timeshares. This figure represents the stays by timeshare owners as well as rented out timeshares.

The timeshare industry as a whole as become slightly more aggressive in their competition with hotels, this is mainly due to the fact that rates have gone down and resorts will often offer to rent out their timeshares when the owner is not there. Another reason for this increased competition for hotels is that timeshares are being heavily marketed online and are the empty timeshare units at discounted prices that have local hotels struggling to keep up.

President of the Hotel-Motel Association, Chris Canavos, has stated that these numbers are not so impressive when they are used out of context. To say that the timeshare industry is doing well based solely on these figures is very inaccurate. He goes on to say that, “If they were, they’d be selling timeshares not renting them.”.  So while the timeshare industry may not be selling as many timeshare units as they used to when the concept of timeshares first emerged they have proven that they are still a big player in the vacations market.

Should the timeshare industry continue with this trend of renting out timeshare units rather than selling an interval of the unit we will need to keep an eye out for new developments within the timeshare industry. If it turns out that timeshares just make more sense to rent out rather than to buy then it may be time to get rid of any timeshare you currently own. Because timeshares often have very iron clad contracts that are hard to get out of it is in your interests to check out the services that Transfer America has to offer. They can help you get rid of your timeshares so you can start planning your vacations and choose the best deal for you and your family.

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Drop Investments That Have No Return With Transfer America

Oct 17th, 10 / 1 Comment
Contracts

Image by NobMouse via Flickr

With the real estate market continuously dropping in value, it is best to start dropping the properties that have very little opportunity to earn a rate of return but costs a bundle to maintain.  Timeshare properties top the list in that category.  With timeshares, there are scheduled maintenance fees and the market to rent and resell timeshares is small.  Even if your timeshare takes up only a small portion of your finances, it is wise to get rid of them if they are not being used very often.  Transfer America can help you get out of your timeshares, along with the maintenance fees and other legal and financial obligations associated with them.

There are many reasons why people want to get rid of their timeshares, with the poor economy being the most prevalent one.  Many people are turning to Transfer America because the general salary rate is not keeping up with the rising costs.

People have to start cutting costs in order to preserve their standard of living, and luxuries should be the first to go, starting with the ones that are less used.  A big screen television might take up more electricity but it can be used every day because it is in your house.  A luxury car might have higher maintenance costs and insurance rates, but driving it every day could be potentially safer, in additional to much more enjoyable, than a more economic car.  The difference between those things and timeshares is that those other things are used much more often.

The expenditures accompanying timeshare properties are not only the associated maintenance fees but include many other costs as well.  It could be potentially expensive to travel to the timeshare property, with either airfare, rising gas prices, or train fare.  Do not forget the hassle that comes with traveling as well, which includes packing, taking time off work, and scheduling and gathering everyone together.  Once you are at the timeshare, you probably have to eat at a restaurant, which costs more than cooking at home, and pay for many activities to keep yourself occupied.  Some people cannot afford to take expensive vacations in addition to paying the timeshare maintenance fees, so they just let their timeshare weeks fall into disuse.

If the property is not being used, there is very little point in paying the maintenance fees.  Contact Transfer America to stop throwing money at something you are not using.  Transfer America has helped over 43,000 clients out of their timeshares, and they can help you too.

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Don’t Want Your Timeshare in Hawaii? Call Transfer America

Oct 9th, 10 / 1 Comment
Na Pali Coast, Kauai, Hawaii

Image by Jeff Kubina via Flickr

With the economy struggling and people willing to spend less on travel and luxury trips, Hawaii is seeing an increase in its timeshare sales. Although visitors to the island went down, the amount of timeshare business surprisingly went up. Data released yesterday by ARDA showed that occupancy rates in Hawaii for timeshare units averaged 90.8 percent in 2009. This is over 20 percent higher than Hawaii’s hotels.

This level of timeshare ownership is vital to Hawaii’s economy. The percentage of visitors who own timeshares and are travelling to Hawaii is expected to increase again this year. The timeshare business brings in millions of dollars a year for the Hawaiian economy with the state of Hawaii having over 8,000 units currently and another 4,800 planned timeshare units to be opened in the future.  This growth has been great for the state as well as the resort industry.

These timeshares are essential to the economy for reasons that may not be obvious. People who own these timeshares also spend large amounts of money on other items while they vacation. Their expenditures stretch out further than just the cost of their timeshare. They buy food while they stay on the island, attend luaus, go on guided tours, and participate in many other activities the islands have to offer.

The Hawaiian timeshare industry made over $118 million in revenue last year from rentals alone and with the current economic situation it was surprising that Hawaii was a travel destination that grew in the last year. It was one of the very few places in the United States that accomplished this feat in 2009. Some projects had to be put on hold in Hawaii but some organizations still expanded their timeshare units on the islands. The timeshare industry on a whole still generated billions of dollars last year and is responsible for many jobs in the United States despite the financial crisis.

If you have a timeshare in Hawaii but are no longer interested in paying the maintenance fees for it, call Transfer America today and let them help you out of your timeshare.

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