The recent economic downturn has caused many experts in every industry to look for signs of hope, especially in the travel/timeshare industry. Many major players in the timeshare industry were hurt badly when banks could no longer lend them money for daily operations and to finance purchases from new owners. With people tightening up and dropping unnecessary expenses, vacation and travel plans seemed to be one of the first things people felt they could do without. Wyndham however has become a glimmer of hope for the hotel and timeshare industry. Wyndham recently released their second quarter earnings for 2009, reporting $920 million in revenue and $71 million in profit. Even though these numbers were lower than the same time period for the previous year Wyndham still managed to beat the forecasts of some experts on Wall Street causing their stock price to rise reaching a ten month high.

In an interview with Bloomberg News Wyndham CEO Stephen Holmes provided all stakeholders with further signs of hope. In this interview Holmes states that his company has been looking into further expanding its timeshare operations by purchasing older hotels and resorts to convert them into timeshare resorts. In a period of time when many companies are scaling back operations and looking everywhere for reductions in cost it is very promising that Wyndham, one of the largest timeshare companies, has decided to move forward and expand its operations. Holmes also stated that Wyndham timeshare resorts were actually converting more timeshare tours into sales when compared with the numbers from last year. This could show that travelers are now beginning to loosen up just a bit and willing to spend more of their hard earned money on traveling and other leisure items. Hopefully this trend will continue as some analysts are predicting the recession to end by the end of 2009.

Even though Wyndham has reported they are converting a higher number of timeshare tours and probably offering the units at a discounted rate, readers of this blog will realize there are still better deals to be found in the secondary market. Wyndham timeshares are selling for pennies on the dollar right now, partly because of the state of the economy and families are looking everywhere they can to cut costs. Please visit this page to search our timeshare resales. The interesting and most attractive concept of Wyndham timeshare resorts is the fact that most of them operate under the points based system, allowing owners of anyone of their resorts to visit any of their other resorts. Points based systems have become very popular in recent history due to flexibility it allows the owner to have in planning their vacation and searching for accommodations.

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