Archive for April, 2010

Wyndham Vacation Resorts Asia Pacific, a unit of Wyndham Worldwide Corp., plans to spend at least A$20 million ($18.5 million) this year in Australia and New Zealand to buy properties and introduce its Days Inn and Super 8 brands in the region.
The company may announce an acquisition as early as next month, Wyndham VRAP Chief Executive Officer Barry Robinson said. Wyndham club owners pay an up-front fee and annual levy for holiday credits issued each year, which can be used to buy time at any of the resorts in Wyndham’s and its affiliates’ networks.

Full report here ( Source: Bloomberg.com)

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Interesting article:

What to watch for when buying distressed debt on timeshare and developments.

Full article here

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Hoteliers boost outlook

A recent report on Reuters:

Lodging companies Wyndham Worldwide Corp (WYN.N) and Host Hotels & Resorts Inc (HST.N) lifted their 2010 outlooks on Wednesday, spurred by signs that the industry can command higher rates and occupancies.

Full article here

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Twitter initiative by RDO

This April, Paul Gardner Bougaard, RDO’s Chief Executive, penned the first of a series of blogs on issues that are at the heart of our industry.
The first blog is about the image of timeshare and Paul questions whether, despite the decline in consumer complaints – a fact that is widely acknowledged by bodies such as the OFT and the ECCs – we are now seen as saints or as sinners
As well as keeping up to date with Paul’s blogs, you may also wish to follow RDO,  @RDOOfficial, on twitter

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Do the costs add up?

An informative article that we came across on http://www.msnbc.com

Extra fees add up fast, so that the time to read the fine print

Full article here

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RCI launches new member website

RCI has been at the forefront of the timeshare exchange industry for 35 years and to make exchanging holidays for its members quicker, easier, and safer, RCI recently launched a new website, featuring design by Penquin.

The company required a fresh new website platform for its users that was both extremely user friendly and catered for its member base. The new website aimed for members to enjoy their RCI membership benefits online.

Full details here

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Two Towers

Nope, we aren’t referring to J.R.R Tolkien’s book / LOTR movie title.

It appears that the buzz is back in the Timeshare industry.

Executives from the Hilton Hawaiian Village Beach Resort & Spa say that the company will be redeveloping the 22-acre Waikiki resort with the addition of two timeshare towers.

The main spectacle of the project is the two timeshare towers, which will increase the property’s timeshare inventory by more than 1,200. The project is expected to be completed after 2015.

The first tower will be a 300-unit, 37-story tower. It will be constructed along the Kalia Road bus depot. The second timeshare tower will be a 250-unit, 25-story building that will be constructed on top of the Rainbow Bazaar.

Full report from here

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The 2010 RDO Conference—an important even for the European timeshare industry—is scheduled to take place at the Don Carlos Leisure Resort & Spa in Marbella next October.

The Conference is titled ‘The Road Ahead’ and will invite everyone involved in the European timeshare industry. It will be a two-day conference that includes panel discussions. Industry experts will be given plenty of time to socialize during several side events, including a welcome cocktail party, the RDO Golf Tournament, and a wrap up dinner during the final night.

The theme of the conference will be sustaining industry success after a radically changed business environment.

Guests and speakers will talk about timeshare trends and issues; and debate about the future direction of the industry.

Some of the moderators include Roy Haycock, Robin Mills, Pete Jones, Paul Mattimoe, among others.

Further details here as well ( Source: http://www.gotimeshare.org )

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Timeshare resorts are coming to the aid of guests stranded due to the flight chaos caused by eruptions from the Eyjafjoell volcano in Iceland. Resort Development Organisation (RDO) member resorts have been working around the clock to help holidaymakers facing major flight delays, which are continuing despite the reopening of European air space and airports.

Full article here (Source: RCI Ventures )

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Hotel morphing into Timeshare

The National Newspaper of the UAE reports about a former hotel now being refurbished as a timeshare property:

A tower on Sheikh Zayed Road that previously housed the Angsana Dubai hotel has been converted into a timeshare property, one of the first in Dubai to employ split ownership.

Interestingly, the report quotes:

Chiheb ben Mahmoud, the senior vice president at Jones Lang LaSalle Hotels for the MENA region, said the laws governing timeshare in the Emirates were limited.

“Although there is no fully completed legal framework for timeshare in Dubai, the current legal and regulatory framework seems to accommodate marketing and management of timeshare projects.”

There are about six timeshare companies operating in Dubai, including Arabian Falcon, which has the Royal Club Palm Jumeirah and Royal Club Downtown Dubai. Another is the Emerald Vacation Group.

Full report here

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