Over the past couple of years it has seemed like the world economy was fighting a losing battle and continuing to decline, nearly every industry was effected by the world economic slump. The timeshare industry was one that remained strong in the midst of the turmoil up until 2008, a report showed a decline from 2007 where sales were at their highest point. The industry had experienced sales growth every year since its inception except 2008 when the total sales fell 8.5% to %9.7 billion in the United States. In 2009 the forecast continues to look gloomy for timeshare resorts according to Howard Nusbaum, president and CEO of the American Resort Development Association, who claims that sales could plunge 30% in 2009. The actual percentage rate of decline will not be available until sometime in early 2010.

By this point many readers are now asking, “What does this mean for the timeshare resale market?”. I believe that a mixture of bad economic conditions and decline in timeshare sales directly from the resort can actually be a good thing for the secondary timeshare market. Given the state of the economy nearly everyone has been on the look out for bargain deals and will continue to further research different travel opportunities. Before this downturn families and travelers alike were more careless with their money and would purchase the first option that was presented to them, i.e. buying a timeshare directly from the resort. Now that families have began to cut back which might force them to hold off, not buy directly from the resort and search for other options. Even when the economy turns around and begins to grow again many people will continue this trend and be more frugal with their income, leading them on a path to find the secondary market for timeshares. Hopefully the word has been circulated throughout the industry enough so not as many people will make the mistake of buying direct and turn to the secondary market where timeshares can be purchased for pennies on the dollar. I believe the economic downturn may not be the only reason for the decline in timeshare resort sales, I think people are realizing the value and bargains that can be found for timeshares when purchasing a resale as oppose to buying direct from the resort. With more and more people turning away from the resort for their purchase owners may also see an increase in interest for a timeshare they have for sale. After all the more people that are searching for resales the better the chance that someone will find your timeshare.

If you are a person who is trying to purchase a timeshare because you have found that resort prices are just too high we would invite you to search our site for the best deals on timeshare resales. On the other hand if you are an owner who think you might be interested in capitalizing on this trend please feel free to visit this page to sell a timeshare.

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