The Hotel Times - December 2008 - (Page 17)

TIMESHARE REPORT MVCI offers its members international destinations with plenty of sun and sand, like the Marriott Marbella Beach Resort in Malaga, Spain. eventually followed by similar efforts in Europe, though those have not yet been as effective. Other parts of the world, particularly the Caribbean and Dubai, also are beginning to make headway in regulating timeshare, Gilbert said. Recipe for success While the coming year will present challenges to the hospitality industry overall, timeshare will face its own specific hurdles. Because timeshare is a negative cash flow business, with buyers generally putting about 15 percent down upon purchase, Gilbert said today’s disruption in access to capital will create problems for companies not already well capitalized. There will be a consumer challenge as well, Gilbert added, thanks to limited access to lines of credit. However, opportunities still do exist. Kinney said the Asia-Pacific region has been a tremendous success for MVCI with saturation appearing to be unlike- ly in the near future, while U.S. destinations like Hawaii and Las Vegas continue to perform well for timeshare. “Yes, there are still markets out there that are impacted by today’s economic circumstances. But it’s not uniformly across every property,” Kinney said. With the popularity of timeshare gaining globally, the potential for growth remains in many regions. And Yesawich said international destinations will have the opportunity to provide the customized experience that many American leisure travelers are seeking. Thanks to popular global brands entering the market, like MVCI, Disney Vacation Club and Starwood Vacation Ownership, Gilbert said timeshare may not be highly sought after by international consumers just yet, but they are becoming compelled by its showing of quality. “It’s now matured to where it’s gained respectability and credibility,” he said. jkovacs@questex.com All advertisements require prepayment. VISA, MASTERCARD & AMERICAN EXPRESS accepted. The Hotel Times, 600 Superior Ave. East, Suite 1100, Cleveland, OH 44114 For Classiﬁed Advertising Call Doug Kereszturi (216) 706-3794, (800) 669-1668 ext. 3794, Fax: (216) 706-3711 dougk@questex.com MARRIOTT VACATION CLUB INTERNATIONAL CLASSIFIEDS Advertise in FURNITURE The Hotel Times Contact Doug Kereszturi at: For attractive 2009 pricing and schedules, contact Doug Kereszturi: 800-669-1668 ext. 3794 Liquidation! 600+ High-End Bedroom Suites from Venetian & Mirage Hotels, Las Vegas! See styles at urbanhomeusa.com Then call Jeff at 760-736-9982. Also lowest prices on name brand mattresses and box springs sold nationwide. INSTALLS & DEINSTALLS We want installs & deinstalls! Best Prices. Professional. Insured. 760-297-8320 or williammbaker@yahoo.com www.TheHotelTimes.com www.TheHotelTimes.com (800) 669-1668 ext. 3794 Fax: (216) 706-3711 Email: dougk@questex.com December 2008 The Hotel Times 17 http://www.urbanhomeusa.com http://www.TheHotelTimes.com http://www.TheHotelTimes.com

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The Hotel Times - December 2008 Business Outlook Contents In the News Where is the Bottom? Capital Outlook Timeshare Report In Closing

The Hotel Times - December 2008

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