What's wrong with Timeshares and can the industry survive these issues?

[e.bram]

Timesharing is DEAD. Points killed it.

 

[pedro47]

The timeshare developers do not need to change their sales model because the XX 10% generation have too much disposable income to spend on large homes and condos, luxury automobiles, luxury vacations and designer clothes. IMHO..

 

[Docsdrillers]

When the condo in Miami went down and the new laws for Florida forcing the cash reserve to be fully funded that ultimately will be the death knell of the florida timeshare industry.So far those of us owning Platinum weeks at Ocean Pointe will be able to survive.However those with silver or gold weeks that the resort won't even take back for free are in trouble..not to mention all the timeshare owners in Orlando that won't remotely come close to being able to rent their units at close to the MF's.

On a different note; i hope someone from Marriott reads these threads.
I've always been of the belief that once you bought a Marriott TS you became loyal to the brand and whenever you travel you try to stay in Marriott properties..i've started asking all our friends we made down here over the past 20 years at Xmas time if they would still continue to try and stay in Marriott hotels once they sold or got rid of their TS weeks.,.the answer was 100 % yes...since they still own Marriot visa cards and want to accumulate Marriott Rewards points for future travel.
So in my mind the Big guys running Marriott don't understand their own product and should view TS owners as a feeder for hotel sales.so rather than penalize the secondary market purchases they should embrace it and encourage it ..we are after all the cheapest advertising they will ever have,
Think about it..if i bought from the developer originally and then that same week got transferred by multiple sales later on,each time that next family became loyal to the Marriott brand when traveling anywhere in the world..someone should do a study of how many nights of hotel on average each Marriott each owner generates annually.

thoughts?

ps i learned something new this week..i was always of the belief that to be an Interval member you needed to own a TS..WRONG..initially yes..but after you sell it as long as you pay the Interval fees you are grandfathered for life...but don't ever let your dues lapse or you will never get back in..That means that forever you can make use of getaways that truly present great value.

 

[boyblue]

When the condo in Miami went down and the new laws for Florida forcing the cash reserve to be fully funded that ultimately will be the death knell of the florida timeshare industry.So far those of us owning Platinum weeks at Ocean Pointe will be able to survive.However those with silver or gold weeks that the resort won't even take back for free are in trouble..not to mention all the timeshare owners in Orlando that won't remotely come close to being able to rent their units at close to the MF's.

On a different note; i hope someone from Marriott reads these threads.
I've always been of the belief that once you bought a Marriott TS you became loyal to the brand and whenever you travel you try to stay in Marriott properties..i've started asking all our friends we made down here over the past 20 years at Xmas time if they would still continue to try and stay in Marriott hotels once they sold or got rid of their TS weeks.,.the answer was 100 % yes...since they still own Marriot visa cards and want to accumulate Marriott Rewards points for future travel.
So in my mind the Big guys running Marriott don't understand their own product and should view TS owners as a feeder for hotel sales.so rather than penalize the secondary market purchases they should embrace it and encourage it ..we are after all the cheapest advertising they will ever have,
Think about it..if i bought from the developer originally and then that same week got transferred by multiple sales later on,each time that next family became loyal to the Marriott brand when traveling anywhere in the world..someone should do a study of how many nights of hotel on average each Marriott each owner generates annually.

thoughts?

ps i learned something new this week..i was always of the belief that to be an Interval member you needed to own a TS..WRONG..initially yes..but after you sell it as long as you pay the Interval fees you are grandfathered for life...but don't ever let your dues lapse or you will never get back in..That means that forever you can make use of getaways that truly present great value.

What the Marriott folks must realize is the the resale market provides a soft landing for folks who if not for the secondary market would be taking civil action.

 

[TolmiePeak]

Timesharing is DEAD. Points killed it.

The sales pavilion at the Lakeshore Reserve was packed with victims when I was there a few weeks ago.