Reports indicate that the economy is crushing the timeshare industry.

Some timeshare owners have already walked out on their timeshares, stopping their payments. This means that the other timeshare owners have to maintain higher payments.

“Like any large household, there are fixed expenses,” explained Mark Silverman, who is a timeshare writer for the San Francisco Examiner. “There is expenses, insurance, employees and upkeep and it must be paid by the owners association. If there are fewer owners paying in, those coasts get passed on to those owners paying their bills.”

Silverman says that there’s always been a potential for fee increases and most contracts stipulate this.

However, Silverman says that the fee increases will not be widespread. But, it is still something timeshare owners should look out for.