What is Timeshare? Learn How Timeshares Work!
Rodney Dangerfield on several occasions has been quoted as saying, "I get no respect." At one time this same quote applied to the timeshare industry, however the vacation ownership industry has simultaneously experienced a rebirth and completed a maturation process. Over a period of the last few years, there has been a flurry of activity, which began a new era for this once credibility lacking industry.
Initially, timeshare properties were marketed as real estate investments. Timeshares are not in fact a real estate investment in the sense that one would buy a timeshare with the intention of reselling it for a profit. One might purchase a timeshare property to make an investment in a lifestyle.
During the 1970's and 80's timeshares earned a less than positive reputation. However, because of the natural growth cycles of the industry, these negative entities have, one way or another, been eliminated from the industry. The increasing positive image of the timeshare industry is due to two main influences. One of which is the recent influx of major players into the primary market such as Marriott timeshare resales, Westgate Timeshares, Wyndham Timeshare, Hyatt Vacation Club timeshares and Hilton Grand Vacation Club timeshare. These corporations have spent a large amount of resources on informing the public about the many benefits of timeshare and counteracting the poor reputation that surfaced in the early days of the industry.
The timeshare resale (secondary) market has also become a viable option for smart consumers through established timeshare brokers. The second factor is that people are beginning to realize that the concept of timeshares is a solid one. More and more people are giving the idea of timeshare the credit it deserves as opposed to discrediting the concept because of early, poor sales techniques and marketing.
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