New post from AIRDA Chairman > August 2010

On a flight, recently, the gentleman sitting next to me was – to my surprise – a timeshare consumer; an avid vacation seeker at that. Someone who was happy he was with a reliable player in the industry – realizing the benefits of long-term vacation payoffs.

When I presented my card to him, he was pleasantly surprised and soon, full of questions. Answering his questions, was both my job and something I like doing, to clear doubts and enlarge the picture.

More at this link, on the AIRDA website >

http://www.airda.org/html/industry/letter_chairman_aug10.html

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Event Announced by Perspective Magazine

Perspective Magazine has announced that the 1st Annual Global Networking Expo (GNEX 2011) and Perspective Magazine Awards Gala will be held May 11th-12th, 2011 at the spectacular Atlantis Resort on Paradise Island in Nassau, Bahamas.

This is not to be confused with a standard conference as the day and a half event is not filled with the stereotypical sessions. Instead, it will carry Perspective Magazine’s innovative approach to getting business done and concentrate on a structured schedule which will include a variety of cleverly designed networking sessions carefully balanced with free networking time, optional workshops and an exhibit hall.

Full report here

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TATOC launches new Sharetime Magazine

The Timeshare Association, known as TATOC, announced today that its magazine Sharetime will be available to all timeshare owners through a new dedicated website, sharetimemagazine.com. In future the quarterly magazine will be in digital format only.

The Timeshare Association, also known as TATOC, announced today the launch of a new website dedicated to its magazine, Sharetime. Previously printed and distributed to just its member resorts, Sharetime will be available to all timeshare owners through the dedicated website, sharetimemagazine.com. In future the quarterly magazine will only be available on line in digital format using page flip technology.

Full report here

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Delinquencies Down

U.S. timeshare ABS delinquencies and defaults are down for the second straight quarter, though the trend will not last if seasonal patterns take hold, according to the latest timeshare ABS index from Fitch Ratings.

The decline in delinquencies in second-quarter 2010 (2Q’10) reflects both seasonal and year-over-year improvement. Defaults, while lagging delinquencies have begun to show a similar trend in 2Q’10. ‘The seasonal effect will fade in the latter half of the year, leading to modest increases in delinquencies,’ said Director Brad Sohl. ‘Nonetheless, year-over-year improvements will continue to hold.

Full report here

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Walt Disney Co’s new resort

Timeshares Daily reports:

Mickey Mouse has finally reached Hawaii.

Walt Disney Co. gave a sneak preview last month of its new Hawaiian resort, which is set to launch next year.

Aulani is the company’s first major stand-alone resort that is separate from its theme park in Orlando.

“This is a very special project for us,” cited Tom Staggs, chairman of Walt Disney Parks and Resorts. “It’s unlike anything that Disney has done before; at the same time, it’s very like many of the things we do.”

The resort will hold 359 hotel rooms, 481 timeshare units, several restaurants, a convention center, a spa, and a massive water fun area.

Nestled in Oahu’s Leeward Coast in Ko Olina, it offers vacationers and timeshare owners white-sand beaches, blue lagoons, and a scenic golf course.

According to studies, the new facility will generate more than 4,000 jobs for its construction alone. Upon completion, Aulani will also provide 2,400 job vacancies for running the resort.

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Thailand Property Awards sponsored by RCI

Ensign Media Co. Limited, the organisers of the Thailand Property Awards, is delighted to announce that RCI, the worldwide leader in vacation exchange, and The Registry Collection, the world’s largest luxury exchange program, as sponsors for the 2010 event.

The Thailand Property Awards are widely recognised as the oscars for the kingdom’s property and real estate industry. This year’s event – the fifth – has already seen a record number of nominations. The winners will be revealed at a gala ceremony on Saturday, November 6, at the Grand Hyatt Erawan in Bangkok, which will be attended by over 500 leading figures from the property industry.

Full report here

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