2015 will be known as the year the timeshare developers “pulled out all the stops.”
At a rapid pace, timeshare developers are renovating, purchasing, and building more timeshares. They figure there is no direction to go but up. Last year in 2014 timeshare sales hit $516 million. In 2007 timeshare sales brought in $2.3 Billion! The seven year plunge is over and hit the bottom according to the experts.
So now is the best time to buy land, speculate on a turnaround and build resorts as quickly as possible. That’s what the big timeshare resort companies are doing.
Who are the big players in the timeshare world?
Marriott – 420,000 owners – With Marriott you can choose any Marriott Vacation Club resort, any villa, any size, any check-in day and any length of stay. It all depends on the value or amount of points in their program you own.
Disney – 12 uniquely themed Disney Vacation Club Resorts are the cornerstone of their vacation club timeshare ownership program. Since 1991 Disney has been selling timeshares at their theme parks. Some of their resorts are not on the park grounds but all offer quick transportation to them.
Wyndham – RCI – Wyndham Vacation Ownership includes a network of 191 properties, 25,000 individual units, and over 925,000 property owners.
Starwood – Sheraton, Westin – 19 luxury timeshare resorts make up the shared ownership part of Starwood.
Diamond – 490,000 members –
Bluegreen – 175,000 members
Hilton Grand Vacation Club – 212,000 members –
Westgate – Westgate Resorts now encompasses more than 10,000 guestrooms at 28 full-service resorts.
All of these have made moves to renovate, purchase, or develop new projects in the last year.
Notably, Marriott is greatly expanding their collection of resorts in Hawaii. Disney just opened their Polynesian resort timeshare.
Disney’s Polynesian? They’re finally open with the timeshare improvements and overall facelift after decades of being the signature resort on campus at the Magic Kingdom.
But it comes with a price: “There are 20 Bora Bora Bungalows — stilt houses sitting over the waters of the Seven Seas Lagoon — available to regular guests and Disney Vacation Clubbers (think timeshares), with room rates starting at $2,178 a night.” source