Could the reduced travel caused by the Corona virus mean a big Pop in MF bills this coming year?

[Fredflintstone]

We know travel is reducing as a consequence of Corona virus.

This means other revenues the resorts rely on like rent for cash could hurt bottom lines.

Could this mean resorts will pop up MF bills to cover shortfalls? Or, do you see this as not related to MF?


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[CPNY]

We know travel is reducing as a consequence of Corona virus.

This means other revenues the resorts rely on like rent for cash could hurt bottom lines.

Could this mean resorts will pop up MF bills to cover shortfalls? Or, do you see this as not related to MF?


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Maybe lower fees. Think of all the money they are saving on TP lol. No one in the rooms to flush the bowls

 

[CalGalTraveler]

I don't think rentals are a big line item for timeshare HOAs. Would be offset by reduction in labor costs because wouldn't need to hire for daily housekeeping.

MF keep the resorts steady. Hotels will cut rates to attract occupancy. Possibly more defaults, this too shall pass and I think this will last a year or so.

 

[Panina]

I don’t think it will affect mf at most timeshares as timeshares mostly rely on mfs from owners which they have already collected. For the few poorly managed timeshares that have more HOA units then actual owners it can pose a problem.

 

[am1]

Make me thankful I am no longer in the business. A bad February, March, April would have been a death nail.

 

[Fredflintstone]

Make me thankful I am no longer in the business. A bad February, March, April would have been a death nail.

Oh yeah. Hospitality can be a tough business especially if you are North where your prime time is only 5 to 8 months a year.

The big plus for TS is they still get revenue from MF versus the traditional hotel that relays on bookings or no cash flow.


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[Fredflintstone]

I’m actually curious on the Hawaii numbers. I’m guessing they will fair better than most locales.


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[bizaro86]

There are a few timeshares that have significant rental revenue. I'm somewhat concerned about worldmark. Lots of bonus time and inventory special reservations are not getting made (or are getting cancelled) right now. That will lower revenue to the club.

 

[goaliedave]

We know travel is reducing as a consequence of Corona virus.

This means other revenues the resorts rely on like rent for cash could hurt bottom lines.

Could this mean resorts will pop up MF bills to cover shortfalls? Or, do you see this as not related to MF?


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You're bang on again. I'm likely going to stop a transfer because of this.

Also more owners will delay travel a year or two so in future it will be harder to find bookings you want.

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[geekette]

unrelated. less travel means less wear and tear.