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
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