Resort Trades - August 5, 2016 - (Page Intro)
How is the Department of Labor's Final Rule
for Overtime impacting your business?
According to the DOL, by
December 1, 2016, the
standard salary level for
employees will be increased
from $455 to $913 per
week and compensation
requirements for highly
(HCE) will rise from
$100,000 to $134,004 per
year. Called the "Final Rule"
for overtime regulations,
provisions call for regulating
pay levels for executive,
administrative and professional
workers, including mandating
that these employees be subject
to a minimal duties test and
establishing a way to automatically
update salary and compensation
levels every three years. [Visit
final2016 for more information.]
The Trades wants to know how
these regulations are affecting
you. Please visit www.TheTrades.
com and take a brief survey. We
hope to be able to begin sharing
results by the
the 4th quarter
of this calendar
viable the product is
to prospective buyers.
Resort operators and
the industry may wish
to show these numbers
to their local lawmakers
and regulators. They help
calm concerns over the
reputation attributed to the
in particular, there were 1,547
timeshare resorts in the United
States in 2015, representing about
200,720 units for an average
resort size of 130 units. Plus, the
report showed that occupancy
increased two percent, up to
almost 80 percent.
Developers, marketers and sales
professionals can incorporate
these figures into collateral to
add credibility and prove how
Share them with your
owners, as well as your prospects.
These numbers help reinforce
their perception of the value of
their vacation ownership product.
As we always say, buying a
timeshare is an investment in your
health, family and happiness.
Your owners need to be reminded
that they aren't the only ones to
'buy into' this concept.... They are
joined by owners representing
approximately 200,720 units!
How resorts can benefit from
ARDA's research findings
The "State of the Vacation
Timeshare Industry: United
States Study 2016 Edition"
conducted by Ernst & Young
and commissioned by the
American Resort Development
Association (ARDA) International
Foundation (AIF) showed that
sales performance in 2015 was
up nine percent to $8.6 billion.
More importantly to sold-out
resorts and to legacy properties,
For an indepth Presentation by
Baker Donelson please watch
Table of Contents for the Digital Edition of Resort Trades - August 5, 2016
Two Dynamic Management Execs
Faces & Places
M and O Directory Listings
Top Team Members
Wheel Issues: Travelers with Disabilities
Vacation Management Services
In Pursuit of the Crown
Resort Trades - August 5, 2016
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