If you’re interested in the timeshare industry or looking to buy a timeshare, there are plenty of timeshare news stories that can help you get an understanding of how this business operates and what you should know before buying one. These articles cover everything from timeshare scams to fraud in Mexico and even the latest timeshare trends.
Timeshare Companies & the Economy
The timeshare industry is a highly cyclical business and many people are finding that investing in these companies at the beginning of new cycles can be a great way to make money. Wyndham Destinations (NYSE: WYND), for example, is experiencing positive EPS trends and increased sales thanks to its rebranding as Travel + Leisure Co. It also has a strong portfolio of hotels and a deep catalog of locations.
This is good for investors and it helps the company compete with other luxury travel providers as well as hotels and condos that offer similar products. It also means that when demand slows, it will be harder for them to lose customers.
Inflation Boosts Stock Prices
The rate of inflation has been on the rise, and that can be a boon for companies like Travel + Leisure. It can also help to add a layer of value to timeshares and make them more appealing for consumers.
Tourism Reaches a Standstill
The lack of tourists is a big problem for the vacation industry, and that means there’s less demand for travel and lodging accommodations. This is especially true of timeshares, which can be costly and time-consuming to maintain.
Rising Rates Are a Concern for Consumers
A recent survey found that consumers are worried about the rising cost of gasoline and other fuels. These rising rates could impact the economy in a variety of ways, including increasing interest costs and decreasing consumer spending. This may be particularly difficult for the timeshare industry, which relies on a fixed annual fee to keep its resorts and members happy.
Fraudulent Schemes Are Taking Advantage of Timeshare Ownership
A recent article in the Wall Street Journal warned that fraudulent schemes were taking advantage of timeshare owners, with some victims losing as much as $100,000. This type of scam is a growing concern for timeshare owners, who may not realize they are giving their vacation rights away to someone else when they sign a contract.
As the industry becomes more regulated, however, there is more scrutiny on what a timeshare entails and how it works. The timeshare industry has made a strong effort to educate potential buyers and sellers about the real ramifications of their purchases, but some people are still misunderstanding what they’re buying.
Timeshares aren’t like other forms of real estate, they don’t have title and can’t be sold, rented out or resold in the same way. That’s because a timeshare is just a right to a certain location every year. This is why many people find the idea of a timeshare to be a bit scary and they can’t imagine selling it or getting out of it without a lot of work and effort.