Timeshare is a unique way to holiday – Ravikumar Damodaran

Q: Ravi, what’s your first-hand view of the timeshare experience in India?

A: That, from a concept which started in the early 90’s, timeshare is very much a reality in today’s India! And the fact that the world largest exchange company in the world, RCI is 25 years old in India says something about it!!!

Q: How do the resorts of today compare with those of the early days?

A: The resorts of today are getting increasingly modern in keeping with the requirements of the family. They are also catering to the small, compact family as well as the joint family type in terms of accommodation and choice. The beauty about them is that they are present in the best of the locations in India – be it beaches, historical places, wildlife parks, snow capped mountains, etc.

Read the complete interview with Ravikumar on the AIRDA website

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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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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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A New Code

TATOC, the Timeshare Association, announces the launch of a new Code of Practice for re-sale companies.

TATOC has announced the launch of a new Code of Practice specifically for timeshare re-sale companies. The new Code has been established to provide maximum consumer protection while providing a fair and equal opportunity for re-sale companies operating within the Code’s guidelines.

Worldwide Timeshare Hypermarket and Travel and Leisure Group, two of the UK’s largest timeshare re-sale organisations have already signed up to the Code. ( Source: TATOC Website )

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Alberta government tightens timeshare laws

In a move designed to offer consumers greater protection, the government of Alberta, Canada has introduced new laws regarding the regulation of timeshare, reports the Calgary Herald. The move comes as Canada is witnessing a surge in popularity of fractional ownership real estate at the expense of timeshare.

From November 2010, anybody selling timeshare will be required to obtain a license from the provincial government and to clearly disclose their terms and conditions, said Service Alberta Minister Heather Klimchuk.

Full details here. ( Source: FractionalLife.com)

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Global Vacation Ownership Industry Report 2010

Research and Markets has announced the addition of the “Vacation Ownership (Timeshare) Industry Report: 2010 Edition” report to their offering.

The report offers an analysis of the global vacation ownership market. It discusses major market trends, growth drivers and challenges. It presents the competitive structure of the industry and profiles major players in the vacation ownership market with a discussion of their key business strategies.

Full information here

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UK Government: Consultation On The Timeshare Directive

The Government is moving to strengthen consumer protection around holiday timeshares with its new consultation.

The Department for Business is seeking views from businesses, consumers, enforcement authorities, and other interested parties on the transposition of the European Commission’s new Timeshare Directive into UK law. This will introduce common rules across the European Community by February 2011 and set the conditions for fair trading in timeshares.

Full information here

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Selling Timeshare?

Timeshares Daily reports of a company http://www.selling-a-timeshare.com which makes it easier for owners.

Due to the economic environment, many timeshare owners want to sell their properties. And, the reselling process has been a long and tedious process. Plus, owners get to recover just a small portion of the original sales price. The website has been selling timeshares for years and can get results quickly for sellers.

Using a timeshare broker will allow owners to integrate their personal interests for purchases. Brokers provide the necessary cushion between the seller and the buyer.

Selling a timeshare will take time and effort due to market complexities and regulations. Unless the seller has a firm understanding of the timeshare resale market, it is best to leave resale duties to the experts.

For more information, please visit www.selling-a-timeshare.com

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