fernow
TUG Member
It’s Difficult to Make Predictions, Especially About the Future - Neils Bohr, Yogi Berra, Whoever
Give the above, I am curious what you think the future holds for Timeshare and HGVC in particular. A lot of you know much more about the financial side of HGVC then I do.
One possibility is that after a month or two more, we go back to "normal". Seems a less than 50/50 possibility to me. Something will change. Possibly significantly.
What will happen to Timeshare sales? How long can HGVC go without new sales or substantially reduced sales? How high will maintenance fees go to cover other revenue shortfalls? How much industry consolidation is coming?
Hawaii is talking about substantially increasing Rental Car and Lodging taxes and trying to get fewer visitors who spend more money. https://www.westhawaiitoday.com/202...ng-reopening-hawaii-and-west-coast-economies/
Airlines are talking about no middle seats which would raise cost at least 33%. So seems likely travel costs are going to go up substantially.
Restaurants, particularly in resort areas, cannot survive on reduced capacity and increased regulation unless prices are substantially increased.
People's disposable ie Travel, income is falling or gone. Priorities are shifting. Fear has taken hold of the country. Fear is not good for travel and timeshare sales.
So...
1) Few months then back to normal
2) Few months then back to normal except at a higher cost. How much higher? Who is left to afford it?
3) Major disruption and reorganization of the Timeshare and travel industry inc HGVC but continuing in some unclear way, unlikely to resemble our previous expectations.
4) It's OVER
Broad question but this is a smart group. I am always impressed with your level on knowledge and insight. I am glad I got to enjoy the golden age of Timeshare. Now what?
Give the above, I am curious what you think the future holds for Timeshare and HGVC in particular. A lot of you know much more about the financial side of HGVC then I do.
One possibility is that after a month or two more, we go back to "normal". Seems a less than 50/50 possibility to me. Something will change. Possibly significantly.
What will happen to Timeshare sales? How long can HGVC go without new sales or substantially reduced sales? How high will maintenance fees go to cover other revenue shortfalls? How much industry consolidation is coming?
Hawaii is talking about substantially increasing Rental Car and Lodging taxes and trying to get fewer visitors who spend more money. https://www.westhawaiitoday.com/202...ng-reopening-hawaii-and-west-coast-economies/
Airlines are talking about no middle seats which would raise cost at least 33%. So seems likely travel costs are going to go up substantially.
Restaurants, particularly in resort areas, cannot survive on reduced capacity and increased regulation unless prices are substantially increased.
People's disposable ie Travel, income is falling or gone. Priorities are shifting. Fear has taken hold of the country. Fear is not good for travel and timeshare sales.
So...
1) Few months then back to normal
2) Few months then back to normal except at a higher cost. How much higher? Who is left to afford it?
3) Major disruption and reorganization of the Timeshare and travel industry inc HGVC but continuing in some unclear way, unlikely to resemble our previous expectations.
4) It's OVER
Broad question but this is a smart group. I am always impressed with your level on knowledge and insight. I am glad I got to enjoy the golden age of Timeshare. Now what?