Orlando News Reports

[sfwilshire]

I have a bad habit of sitting in front of the television with the computer and catching just bits and pieces of things. I'm in Orlando this week.

Earlier this week, I caught just the end of a report that mentioned Wyndham and showed lots of employees moving their things out of their offices. Some were interviewed and said they hoped they'd get their jobs back eventually.

Today I caught part of a piece on unemployment in the area blaming the downturn in the timeshare industry as a big part of the problem.

I honestly am not interested enough to spend vacation time doing much research, but I just wondered what others have heard about Wyndham.

Sheila

 

[frenchieinme]

it's part of the credit crunch...

Sheila,

This is part of the credit crunch problem being witnessed by many all over the world. This is not particular to Wydham only. Westgate witnessed it a few weeks ago and other timeshare companies will follow suit in varying degrees. These are hard times especially for those who were living with 2 feet on a financial banana peel before the wall street downtourn began. Timeshares were and are presented as investments not in real estate but in vacationing comfort and luxury. With more people vacationing closer to home and investing less in vacationing, discretionary income becomes less and less. Hence timeshare sales employees are needed less and less also. Those already in timesharing and retired will also be affected but to a lesser degree and these people have more time to vacation and are less likely to cut back on these vacations depending of course on their financial situations.

By the way, check your email as I sent you a personal message on a separate topic. I hope you respond to it quickly as I have much to share about that with you.

frenchieinme