Global Hyatt Corporation today announced that the company has changed its name to Hyatt Hotels Corporation. Hyatt Hotels Corporation is the parent entity of companies that own, operate, manage and franchise hotel, resort, residential and vacation ownership properties under the brand names Hyatt®, Park Hyatt®, Andaz™, Grand Hyatt®, Hyatt Regency®, Hyatt Place®, Hyatt Summerfield Suites™ and Hyatt Vacation Club®.
Full details here
Archive for July, 2009
Name Change
Posted in News, Ravi Kumar on July 28, 2009|
Top European Timeshare Destinations
Posted in Ravi Kumar, Travel Tips on July 27, 2009|
Corfu, Rome and Ibiza are all proving popular with Brits this year, with the first receiving 100 per cent more interest than at the start of the year.
The recent Travelnomics UK Quarterly Industry Insight: Q2 April – June 2009 survey from CheapFlights.co.uk shows that timeshare holidays are often taken in these locations, with Sharron Livingston, editor at thetravelmagazine.net, saying this comes as no surprise.
“Corfu offers a sleep-easy style in ancient, lush environs, Rome’s winning combination of religious sites like the Vatican City, its ancient Roman ruins, stylish shops and gastronomy hits the spot for culture vultures,” she said.
The expert added that Greece, Italy and Spain have always been very popular with British holidaymakers.
While Corfu topped the poll for locations timeshare holidaymakers are likely to pick, Athens, Bodrum, Palma and Malta also came in the top ten, as well as some UK destinations.
Rome saw 54 per cent more interest in the second quarter of the year, compared to the first, while Ibiza’s popularity rose by 40 per cent.
Corfu, Rome and Ibiza are all proving popular with Brits this year, with the first receiving 100 per cent more interest than at the start of the year.
The recent Travelnomics UK Quarterly Industry Insight: Q2 April – June 2009 survey from CheapFlights.co.uk shows that timeshare holidays are often taken in these locations, with Sharron Livingston, editor at thetravelmagazine.net, saying this comes as no surprise.
“Corfu offers a sleep-easy style in ancient, lush environs, Rome’s winning combination of religious sites like the Vatican City, its ancient Roman ruins, stylish shops and gastronomy hits the spot for culture vultures,” she said.
The expert added that Greece, Italy and Spain have always been very popular with British holidaymakers.
While Corfu topped the poll for locations timeshare holidaymakers are likely to pick, Athens, Bodrum, Palma and Malta also came in the top ten, as well as some UK destinations.
Rome saw 54 per cent more interest in the second quarter of the year, compared to the first, while Ibiza’s popularity rose by 40 per cent.
From here
Salary Study of the Timeshare Industry
Posted in News, Ravi Kumar, Surveys on July 27, 2009|
Dr. Keith W. Trowbridge—the president of Executive Quest Inc.—has announced the results of the latest annual salary survey of the timeshare/ vacation ownership / fractional industry.
The 2009 figures were obtained from participants that originated from more than 20,000 contacts from Executive Quest’s newsletter subscriptions. A full copy of the study can be purchased from http://www.execq.com
Compared to last year, industry numbers have been affected by the recession. There were decreases in tour flow and marketing and the industry is suffering from a rough year. According to Howard Nusbaum, president of ARDA, there will be a forecasted 8% decrease in sales at the end of the year.
With many timeshare companies cutting back on marketing and tour flow costs, positions in these areas had suffered the most decreases in the past month. Regional marketing managers and marketing VPs had a 10% decrease in compensation, while sales and marketing directors had a 20% reduction as a group.
Administrative positions had a steady income. On the other hand, CEOs, presidents, and owners had a 33% decrease compared to last year.
Complete story here. You can also visit www.execq.com
Owners Perspective Magazine in Global Distribution Deal For British Airways Airport Lounges
Posted in Initiatives, News, Ravi Kumar on July 24, 2009|
Owners Perspective Magazine which focuses on all aspects of vacation property ownership and luxury travelhas now added more than 100 British Airways airport lounges to its global distribution campaign enabling it to be read by large numbers of affluent first class and business class passengers.
“With so many magazine titles available around the world, we are delighted that British Airways have selected our consumer publication for customers in their lounges across the globe which will help us to educate even more people on the benefits of shared ownership products and all the luxuries associated with the more modern product types.” Says Paul Mattimoe, CEO, Perspective International Ltd.
More on this at OwnersPerspective.com
The VOIC Conference, Sep 14-17, Orlando, Florida
Posted in News, Ravi Kumar on July 23, 2009|
The Vacation Ownership Investment Conference is the premier industry event focusing on the successful resort financing, development, branding, marketing, selling and management of vacation ownership properties. Whether you are a new entrant into the industry or a seasoned veteran, take this opportunity to expand your knowledge, explore new ideas, and make valuable contacts.
Who should attend?
- Resort developers considering or currently developing any type of vacation ownership product
- Lenders eager to learn about vacation ownership financing, and interested in meeting new and current vacation ownership developers
- Existing players looking for capital or development opportunities
Check out their website for more details.
Ragatz Associates Unveils Resort & Hotel Showcase
Posted in News, Ravi Kumar on July 22, 2009|
Ragatz Associates inc. has recently announced the creation of Resort and Hotel Showcase, an international website-based advertising service for the resort real estate industry, including existing resort developments, as well as vacant land appropriate for resort development, hotels and shared-ownership projects (fractional interests and resort timeshare).
“Showcase is the only known advertising service that totally concentrates on the resort real estate industry,” says Ragatz. “The objective is to provide a central clearinghouse for sellers and buyers of resort-oriented property.”
http://www.ragatzassociates.com/neighborhood_details.php?nID=26410
Keeping Kids Happy On a Timeshare Vacation Holiday
Posted in Consumer, Ravi Kumar on July 21, 2009|
People taking their children with them on a timeshare vacation should ensure they start preparations early if they are to keep their kids happy on the way, an expert asserts.
So says Gary Pope, managing director of Kids Industries.
Check out the rest of the story here.
ARDA Timeshare Association Calls for Family Stimulus Plan
Posted in News, Other products, Ravi Kumar on July 20, 2009|
The American Resort Development Association (ARDA) launched a new website last year dedicated to helping people “vacation better”. Appropriately named VacationBetter.org, this site reminds us all that we desperately need to vacation better, and that means vacationing with more frequency, more regularity, and under more relaxing circumstances.
As Howard Nusbaum, ARDA president and CEO says, “Unfortunately vacation is one of the first things people give up when times get tough economically, and with that goes some of the best quality time you can get with your family.” He continues by reminding us, “Tough times are when people need (to) connect to their families even more, and it can be done very economically.”
In a recent ARDA survey of website visitors at VacationBetter.org, nearly half said they felt that quality time with their family was lacking. The feedback led ARDA to launch “The Family Stimulus Plan,” as a way to help people easily plan successful vacations.
ARDA reminds us that timeshares make vacation planning especially convenient. When you own timeshare, you will be far less likely to eliminate or postpone your vacation—after all, your vacation accommodations are either paid for (or are part of a payment plan) and probably already scheduled. Since so many timeshare resorts offer lots of onsite entertainment and activities, you can even enjoy a fabulous vacation without ever leaving the property. In fact, the convenience of kitchens and eat-in dining (available in so many timeshare units and timeshare condos) means that meals during your timeshare vacation don’t have to cost a bit more than you spend on groceries at home.
As the vacation specialists at ARDA and www.vacationbetter.org remind us, “It’s a proven fact that people who spend time away reap health benefits far beyond that week or two of vacation. Vacations are not a luxury, but a necessity for good health and well-being.”
Fractional Trend Report
Posted in Fractionals, Ravi Kumar on July 18, 2009|
Commissioned by FractionalLife.com and Northcourse Leisure Real Estate Solutions and published in April 2009, this 92 page research paper is the first dedicated report on the growing fractional real estate market in Europe.
The key findings were presented by Claude Attala, Global Managing Director, Northcourse Advisory Services at Fractional Summit 2009 in London
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