Sell Your Timeshare

Timeshare State Laws

The Development Of Timeshare Today And In The Future

The modern timeshare industry continues to expand at a rapid rate, with new markets opening up in Asia and Eastern Europe and consolidation prevalent in the established markets of Western Europe and North America.

The multi-billion dollar industry that is timeshare now encompasses mighty corporations and modest entrepreneurs alike and is firmly established as a vital part of the more mainstream market for vacations. Its reach spans the whole world, in over 90 countries across South Africa to Mexico, China to Spain there are close to 6,000 resorts. If you desire a timeshare that you can easily sell when you want consider a Marriott timeshare resale.

Some of the most well-known names in the hospitality and leisure sector have started to have an interest in timeshares, names like Disney, Hilton, Four Seasons, Sheraton, Hyatt, Radisson, Westin, Ramada, and Ritz-Carlton. Also at this time, the number of well-known European companies that are interested in timeshare keeps on growing – RIU Hotels (Touristik Union International or TUI, the largest tour operator in Europe, owns 50%), Macdonald Hotels in a partnership with Barrats (the #1 house builder in the UK), DE Vere, Sol Melia, and Mondi Ferienclub in Germany.

Quality developments around the world are enjoyed by millions of owners, their families and friends, making the phenomenon of timeshare a success story without equal. In the year 1999, the number of people that went on a timeshare vacation was over a whooping 12 million.

Timeshare owners are all over the world, in more than 190 countries, but the bulk of them come from the United States, with 47% of the total. In fact, the United States has the most number of timeshare resorts – over 1,500. And that accounts for more than 37% of the total worldwide. In the western world, timeshare is now a highly organized and regulated industry. Trade organizations such as the Organization for Timeshare in Europe (OTE) and the American Resort Development Association (ARDA) work to put in place codes of conduct and ensure that any sort of expansion will be based on ethical standards and sound commercial practices. Some timeshares do have selling restrictions, for instance, you may want to investigate Marriott timeshare resale restrictions.

There are also significant laws (regional, national, and international) in place that aim to help in protecting the rights of prospective purchases and to discourage sellers from using high pressure tactics.

The Timeshare of Tomorrow

The worldwide timeshare industry looks set to grow in popularity and log record sales in the months and years ahead. The trend in society shows that more people have now more time and more money to spend on travel and the idea of vacation ownership. In many parts of the world, regulation has given timeshare a firm footing, helping to reassure and protect purchasers with a series of consumer protection measures.

Since its inception, timeshare has undergone a metamorphosis, according to Timeshare: Coming of Age, an independent report published in October, 1999. With the introduction of a system based on points, the initial real estate concept was changed into “a flexible, pre-paid vacation membership concept, placing timeshare where it belongs – in the mainstream of travel, tourism, hospitality and leisure”.

In the next 10 years, who can tell where the next developments will be?

Timeshare Resale Scam Legislation

Timeshare State Laws