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Timeshares survive recession and debunk bad reputation |
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Written by TSD Staff
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Timeshares are always marketed as ‘less risky’ compared to conventional holiday homes.
However, timeshares did not perform well during the economic downturn, resulting in costly purchases.
Some experts see timeshares as a way to unload distressed property and this has hurt the industry’s reputation. Plus, majority of consumer feedbacks in selected areas—like Spain—are not favorable.
Still, the industry continues to persist, indicating that there is something about it that works for vacationers. Large holiday companies are now investing in timeshare schemes (even Marriott uses them).
And, as of late, the industry is showing that it can recover from the recession. The fact that it is still thriving is enough to remove its association with distressed property.
As long as a vacationer’s finances are clearly planned, timeshares are definitely easy to manage.
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