Financial Crisis Affects Timeshare Industry (Part 2)

With consumers spending less on travel and with the freezing of credit markets, lodging and timeshare companies, including Westgate, Starwood, and Wyndham, are turning to the one place where they can recoup some of their losses – timeshare owners.
It is understood that at any time and for any given reason timeshare resort companies can require [...]

Financial Crisis Affects Timeshare Industry (Part 1)

The current global financial crisis has created a troubling situation for timeshare owners. As most sectors of the economy are feeling the squeeze, the nation’s timeshare industry is being pounded from both sides as banks cut back on lending and consumers cut back on spending.
As a result, at the same time as individuals have to [...]