Timeshare Makeovers Save Owners Thousands!
Will your timeshare save you even more this year? According to MSNBC, ConTech Construction and Travel & Leisure, 2012 may be the year of the timeshare makeover. Restoration projects by ConTech Construction are set to save owners at the Royal Floridian Resort in Ormond Beach, FL thousands in maintenance fees. The project was so successful, it was named the 2011 “Project of the Year” by the International Concrete Repair Institute; the first time a timeshare has ever won this award.
Perspective Magazine reports:
Since the renovation, the resort’s rental revenues have experienced a 22 percent increase generating $52,000 over budgeted revenues. The electricity consumption has decreased by 25 percent, corresponding to $40,000 savings in only 9-months. The association hospitality expenses (guest compensation for problems related to the resort amenities) have decreased by 50 percent compared to 2009. Maintenance payroll also decreased by 24%, due to fewer problems and service calls from guests.
In truth, it’s rare for maintenance fees to decrease while the quality of a resort increases – yet the success of the project and predictions by MSNBC and Travel & Leisure indicate that timeshare restorations are a viable and successful way to improve owners’ interests while helping them save money. Essentially, owners get improved accommodations for less money. It’s a win-win we hope to see flourish!
Source: perspectivemagazine.com
The Future of Fractional Ownership
Fractional ownership, or shared ownership property, is fast becoming one of the most popular options in the vacation ownership industry. As the industry continues to grow, niche markets are beginning to emerge – forever changing the shape of the fractional model. Last fall, industry leaders gathered at the Fractional Summit USA to make some bold predictions for the future of frationals.
According to an article on RCIventures.com, consumers can expect to see some major changes to the traditional fractional model, most of which result in increased flexibility and affordability for the buyer or renter. Some major predictions about the future of fractional ownership included:
- Per night (rather than per week) valuations
- Smaller fractional sizes
- Increased emphasis on health and wellness facilities
- Increase in eco-friendly practices and environmental technologies
- Short-term ownership period products with a guaranteed exit strategy
With hotel rates predicted to rise up to 6.5% in 2012, this information about the budget-friendly changes to fractional ownership has never been more relevant. Read the full text of the article here, then contact us for more information about fractionals and fractional resales.
