A stronger regulatory environment is being demanded for the timeshare industry at The Bahamas—a $77 billion industry.

The recommendation comes from top executives at Interval International, a leading timeshare company in the world.

“One thing that companies that have been in the business for a long time and have a vested stake in the industry would like to see, and is in progress as we speak, is a constructive regulatory environment,” explained David Gilbert, executive VP of resort sales and marketing. “We'd like to see laws in place that protect consumers… its very good for Caribbean countries to implement constructive legislation that is not so restrictive that developers can't build and sell but structured so that it protects the consumer.”

Hot vacation spots like the Bahamas have great potential to generate high volume sales. But, Gilbert emphasized, before the benefits arrive there needs to be a proper rules and regulations.

He cited Jamaica as an example of a country trying to put new timeshare laws in place.