Archive for the ‘Timeshare Studies’ Category

Despite the recession, timeshare asset-backed securities (ABS) is one of the few asset classes demonstrating a renewed level of investor demand and resilient credit performance according to a recent Standard & Poor’s analysis. In addition, Fitch Ratings found that total ABS delinquencies fell compared to the same period last year for the first year-over-year improvement since August, 2007.

Issuance of ABS based on timeshares passed the one billion dollar mark in 2009 with more than two-thirds being in the fourth quarter. Ratings performance was solid, in part because timeshare note structuring offers sufficient credit enhancement to absorb multiples of the historical default levels. As a result, developers such as Marriott, Wyndham, Diamond Resorts, Bluegreen and Starwood have issued new term securitization and sold them to the capital markets in 2009.

“This is another indicator that our market is resilient and that recovery has begun,” said Howard Nusbaum, president and CEO of the American Resort Developments Association (ARDA). “The increase in delinquencies and defaults in the sector since September 2008 has been relatively modest especially when compared to other ABS classes, and we believe preliminary signs indicate that the worst is over.”


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ARDA announces winners

Last week, the American Resort Development Association (ARDA) announced the winners of the 2009 “Bring Your Vacation to Life Contest” at their vacation website.

This annual contest is launched in conjunction with the National Travel and Tourism Week in May. Participants are asked to share a memory of a timeshare vacation that touched their lives and their family’s.

This year’s winners were entitled to an American Express gift card.  The winners were Sally Lessig, Alexis MacDonald, and Tracy Dunn (respectively).

On the subject of vacations,  here’s a video featuring Howard Nusbaum, President & CEO of ARDA, talking about how Vacations makes kids smarter!

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Group RCI has conducted an in-depth study of the patterns and trends occurring in the timeshare industry.

The study takes a closer look at the status of the industry and its busiest areas. The main topic will be the supply and demand of timeshares.

It will show areas, where timeshares and timesharing have been limited and where it has been sufficiently present.

Keep checking here for details of the study as and when released.

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From Hotelier Middle East.com

The cooling of the Dubai property market and the approaching completion of flagship tourist developments has created significant opportunity and intensified interest in the shared ownership market, according to RCI Middle East managing director Jeff Tisdall.

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