When first quarter reports came out in 2009 there were signs of hope for the travel and timeshare resort lodging industry. Marriott, Wyndham, Starwood, and Disney all showed signs of turning around, and their stock prices reflect it. Shares of Wyndham and Disney stock rose 35% and 7% in light of “better than expected” news. Wyndham’s dramatic jump was attributed to “a better-than-expected performance by its timeshare segment.”
Marriott continues to show vision and determination by pressing ahead with upgrading their timeshare facilities, and resort development in Hawaii and other locations. Starwood (Sheraton, Westin, and others) is turning itself around through serious cost cutting.
Over a year ago, on one of CNN’s blogs (and on the air), they mentioned that “Lakshman Achuthan, Managing Director at the Economic Cycle Research Institute (ECRI), was one of the first to declare that the US was in a recession. Now he’s one of the first to say its ending.” Maybe as soon as next summer. Retail spending will probably lead the way as consumers get more confident.
How will all of this impact the timeshare resales market? My prediction is that as people become more confident in the economy and credit issues are repaired timeshare resales will see a major boost. Timeshare buyers are becoming more and more aware of how they can save money by buying a timeshare on the resales market. It’s all about saving money, spending your vacation dollars wisely. Buying a timeshare this way will typically save you 25% to 50% off the retail price. Who doesn’t want to save money?
And, now is the perfect time to sell your timeshare. Shed those maintenance fees and/or payments and move on.