Due to a tax benefit, Starwood Hotels & Resorts Worldwide Inc. saw a 28% increase in earnings in the 2nd quarter of 2009. However, the small bump in earnings was overshadowed by the recognition of continued sharp declines in room occupancy realized in the company’s underwhelming earnings forecast. At its timeshare business, revenue from vacation ownership fell 35% and residential sales dropped 47% amid average prices that fell 24% and weak demand.
For more information, read the article by Tess Stynes (http://online.wsj.com/article/SB124834494710075443.html)
Falling demand for the brand-name timeshares will have a domino effect for those owners trying to sell their timeshare. As the large companies lower prices, it will squeeze the already tight timeshare resale market. Be prepared to wait a long time if you want to sell your timeshare. Remember, there is always another option, contact Timeshare Relief and get rid of that timeshare starting TODAY!