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. Read the full article here.
Timeshare Owners get More for Less
In truth, it’s rare for maintenance fees to decrease while the quality of a resort increases – yet the success of this Florida timeshare 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!