RELATED NEWS AND ARTICLES
Fractionals - The Evolution of Timeshares
An Overseas Property Professional article "Is Timeshare Evolving into Fractional?", it discusses that a number of timeshare developers are capitalising on their customers' enthusiasm for timeshare by expanding their business model to include fractional ownership.
Below are some items from the article:
"Established names in timeshare are mining their existing client base for upgrades, said Paul Gardner-Bougaard, chief executive of the Resort Development Organisation (RDO) – which recently commissioned a timeshare satisfaction survey that found over 85% of Europe's 1.5m timeshare owners are happy with this vacation ownership model."
"Nick Turner, VP & head of new business at fractional exchange company the Registry Collection said good timeshare developers had a great advantage in moving into the fractional market. "Such developers are dealing with financial and legal people who already understand shared-ownership – so the developer has no need to get the buy in of banks, legals, or to embark on lengthy and expensive educational processes with their own in-house teams," he said."
As the vacation ownership market evolves over the next few years, it is clear that there is a growing trend to implement fractional ownership opportunities within developments as either the main option for buyers, or combined within a mixed-used development that provides multiple purchase options and greater sales opportunities.
