- Jan 10, 2008
- Reaction score
- Amsterdam, NL
I think that's the first reference I've seen to a timeshare developer cutting prices.Operating income from the unit will tumble as much as $115 million this year compared with 2007, as demand for Hawaii vacation shares slows, forcing price cuts, Starwood said.
If there were anyone at SVO who had stepped up to the plate here and at least talked to us owners, let alone tried to work to improve things for us owners, or at least worked to stop SVO from screwing us owners, I bet we’d be willing to throw our collective weight around with the powers that be to help ‘em keep their jobs. But they didn’t, so good riddance.From the annual report:
". . . The Company has closed three sales centers and is in the process of reducing overhead to better fit the revised expectations for the business."
Uh oh. The VP of Interstellar Communications had better watch his back!
I spoke with SVO Owners Services and asked about the 5* Elite change - the specialist said that they had no prior notice and it was done to make 5* more exclusive (right...) - where I think they missed an opportunity - among many (like more notice to sell more TSs) - was that they could have kept 5* the same but required that PFL needs the additional 90K SOs.Yeah, like imagine if they said, "Hey folks, we are changing the 5* SO requirement in 1 month, so everyone get your contracts in now!"
I bet you they would have sold a few more units at full price... Did you see that the average unit sales is $18,000. Aint no one buying those $40,000 Palm Springs units right now.
Let's make this a wish list for how we would spend more money with SVO...An idea for cash generation would be to invite resale owners of voluntary resorts to join SVN for a fee during a limited time offer. They could even throw in some deals on upgrades. Just think of how many of us would jump on that! It's all about knowing your market and selling what the customer wants.