As of May 1, 2016 the Timeshare Vacations Act, voted on by the Jamaica Parliament, became effective.
Passed 18 months ago, the Timeshare Vacations Act was put in place to give timeshare resort developers the legal structure necessary for developers to build and protections for timeshare buyers. With this in place Jamaica is poised to make some significant advances in their tourism – bolstered by new construction of top shelf resorts, acquisition and redevelopment of existing resorts, and timeshare sales offsite.
Kingston’s hotel rooms, which number 2,354, could take a huge leap forward if the major resort developers of timeshares start their projects to develop Jamaica. As it is now Jamaica sees roughly 3.4 million tourists a year with JMD 124 billion added to their economy.
According to the 2014 Jamaica Tourism Study, approximately 13 million Americans visited the Caribbean region with the most arriving in Dominican Republic, Jamaica, Puerto Rico and Bahamas. Cruise ships alone brought 1,423,797 visitors to Jamaica in 2014. Other visitors to Jamaica accounted for another 2 million.
Hotel occupancy consistently runs about 68% on the island. With timeshares providing much higher occupancy ratings, they have a solid future in helping build the tourism industry in Jamaica.
In fact, roughly 8% of the countries’ GDP is based on tourism (JMD 428.4 billion). Tourism also accounted for 82,500 jobs directly related to tourism.
Seeing how much the economy of Jamaica is being bolstered by tourism, it is a huge benefit to the country to have the timeshare industry structured to contribute significant and reliable growth.
Timeshare-Resale-Broker.com is the leader in the Vacation Resale Brokerage Business and innovators of timeshare resale services for individual consumers and software for resale agents. Since 1979 (over 38 years) we have had original management. All of our Timeshare Agents are Resale Specialists and members of NAR, the National Association of REALTORS®.
We pioneered the first timeshare resale broker website on the Internet in 1995. We advertise on many more.
People wanting to sell and get rid of a timeshare benefit from the professionalism of a licensed timeshare resale broker who stay on top of the ever changing technology as well as industry direction. We work with all buyers for the vacation properties registered in our database. We have a team of REALTORS® and personnel who are forever assisting the buyers, sellers and insure that the time share sale transaction is as smooth and easy as possible. Call today to get rid of the timeshare albatross! Call us at 1-800-247-4392
Experience: We have sold and closed timeshares in over 29 countries, in 47 states in the USA, have closed deals with sellers and buyers from over 89 countries. We have helped thousands of owners get out of an their unwanted unit. We have a program that gets you out of your property without waiting for a buyer too. This stops the fee payment burden right away.
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Our offices are at 14500 Hwy 105, Conroe, Texas 77304.