Timeshare Industry

Lowered Consumer Confidence is Not a Relief for the Timeshare Industry

Most industries in the world have not escaped the effects of the global economic crisis. One of the worst hit business sectors in the world is the timeshare luxury vacation industry. The current trend of many owners who are getting rid of their timeshare vacation packages does not help the state of the timeshare industry today. This massive migration of timeshare owners from their timeshare properties drastically lowers the total revenue of timeshare companies. In addition, this widespread discontent among timeshare owners has caused lowered levels of consumer confidence on the timeshare industry.
A lot of timeshare owners today have been getting rid of their timeshare vacation packages as they can no longer pay for its continued use. The chronic bills for maintenance fees not to mention other timeshare bills for sundry purposes places heavy stresses on the finances of timeshare owners. Worse, the onset of the global economic recession has greatly strained the paying capabilities of timeshare owners for the periodic bills of their timeshare vacation packages.

Rampant Dissatisfaction Among Timeshare

Thus, more and more timeshare owners today are frantic for any form of timeshare relief that would come their way. However, this rampant dissatisfaction among timeshare owners has viler consequences. This prevalent sentiment among many timeshare owners has also caused a marked decrease in consumer confidence on the timeshare market. Consequently, the decrease in consumer confidence on the timeshare industry has caused heavy losses among many timeshare companies of late. In fact, Marriot International recently declared that it has incurred around $ 760 million US dollars worth of pre-tax charges for its timeshare department.

Thus, timeshare companies today are seeking for additional economic assistance from federal authorities in order to help lift up the slowly deteriorating timeshare market. Massive investments on timeshare promotions as well as considerable taxation subsidies are very effective federal measures to aid the ailing timeshare economy. By stemming the flow of existing timeshare owners who are availing of any form of timeshare relief just to be rid of their timeshares, the timeshare industry can usher into a new era of glorious timeshare profiteering.