Written by: Traver
When planning a vacation it is always a good idea to purchase some type of travel insurance, after all you never know what can happen between the time you plan for your timeshare vacation and your actual travel dates. Travel insurance comes in a number of different varieties and can cover almost anything one can think of on their trip from refunds for the death or illness of a loved one causing the entire trip to be cancelled or partial returns for rainy days when visiting a beach timeshare. As with every type of insurance the amount of coverage you receive will depend on the amount you are willing to pay but we always recommend purchasing at least a minimal policy just in case the unexpected happens. For owners who exchange a timeshare week when traveling the insurance would cover their travel expenses but the exchange fees charged by the exchange company would be lost, until now.
RCI, the largest timeshare exchange company in the world, recently announced a timeshare exchange protection policy to assist in the costs incurred while exchanging a timeshare. As described above normally if a trip is cancelled the owner would lose their exchange week in addition to being out the money charged by RCI to exchange their timeshare, however this new protection policy will rectify this situation. According to a press release both RCI weeks members and RCI points members are eligible for coverage. For weeks members the exchange fee will be credited back to their account as well as a full restoration of the week’s trading power for later use. For RCI points members full point amounts will be returned to the member for later use. There was no indication from the press release as to how much these protection plans will cost, as with other insurance policies the price will most likely vary depending on the amount of points or popularity of the week the owner is exchanging. In the press release it was also pointed out this is not travel insurance and should not be considered as a travel insurance policy, it is designed to work along side a regular travel policy. This new policy only recovers timeshare exchange expenses not other travel expenses such as airline flights or lost or stolen luggage.
RCI is known for its innovations in the timeshare industry so it comes as no surprise they would begin offering an exchange policy like this to protect its timeshare owners. If you are an owner who belongs to RCI what are your thoughts on this new protection policy? Is this something you consider purchasing when exchanging a timeshare?
Posted: November 29th, 2010 under Timeshare Resorts, Timeshare Tips, Timeshare Vacations.
Tags: rci, timeshare exchange, travel insurance
Written by: Traver
Anyone who has been around the timeshare or travel industry for any length of time will be familiar with timeshare promotions. These promotions normally involve the a free or highly discounted stay at a timeshare resort during a given time period, to further entice a prospect to visit a property many timeshare resorts will offer free gifts as part of the package. In exchange for the discounted stay and free gifts the person is required to attend a timeshare presentation where a sales person gives them a tour and explains to them the advantages of owning a timeshare. Many people take advantage of these tours because they are a great way to visit many different timeshare resorts at a discounted rate, but what happens when the company offering the tours does not deliver the free gifts they promised to consumers? Recently it was found Bluegreen Corporation had deceived many people when describing the free gifts they would receive after attending a presentation.
Pennsylvania Attorney General, Tom Corbett, recently announced checks for restitution had been mailed out to people who had filed a complaint against Bluegreen with his office. Regular readers of our blog will remember we reported this story earlier in the year in the post entitled “AG Reaches Settlement With Bluegreen” where we outlined all the case and the terms of the settlement. The Pennsylvania Attorney General reported the checks mailed to residents of Pennsylvania were to compensate consumers for the “Free Gifts” they were promised, in addition another group of people who were on the “Do Not Call” list will also be receiving compensation even if they did not attend the timeshare presentation. Apparently many consumers, who were promised free gifts such as airline tickets and free cruise vacations, found the company’s promise amounted to nothing more than vouchers which required them to spend even more money to receive the benefits. According to Corbett “A major part of this settlement involves an agreement by BlueGreen to cancel contracts and/or pay refunds to consumers who have filed valid complaints about their timeshare purchases.” The people falling into this category have the most to gain from this settlement as they can now purchase a timeshare resale saving thousands of dollars. Many timeshare owners who purchase from the resort do not receive a second chance like this and wish they would have upon learning about the secondary market for timeshares.
In the settlement Bluegreen has also agreed to change its business practices in the future to eliminate any confusion, discontinue the use of misleading free gifts when talking with consumers about their promotions, and make certain any calls made in the future are in full compliance with Pennsylvania’s Do Not Call law. At just over $60,000 this was a costly lesson for Bluegreen but hopefully it will lead to a change in the way they do business as well as benefit consumers throughout the United States.
Posted: November 24th, 2010 under Timeshare Resorts, Timeshare Vacations.
Tags: Blugreen, Pennsylvania Attorney General, timeshare promotions
Written by: Traver
While many people have certain and steadfast traditions they strictly adhere to during the Thanksgiving holiday there is also another group of people who loves to do different and exciting things with their time off like taking timeshare vacations and visiting new places. Today we would like to make some suggestions for people who will not be visiting family this year or like to take trips with their families for Thanksgiving instead of staying at some family members home.
There are a many exciting things to do during the Thanksgiving holiday as far as travel options go, today will cover a few ideas that might be of interest. The first suggestion we have will appeal to anyone who is interested in the history of the United States and how this great nation was born. There are many national monuments one can visit around this nation, one that does not get as much publicity as it probably should in the Pilgrim Memorial State Park in Plymouth, Massachusetts. This state park is visited by nearly one million people every year and pays homage to the first Europeans to visit the United States, we can not think of a better time to visit this national monument than during the Thanksgiving holiday. What better way to spend this holiday than visiting the same location where the pilgrims first sat foot on United States soil and celebrated the very first Thanksgiving, there is no better way to feel like you are one with history than visiting the location where history actually happened. During a trip to New England timeshares during this time of year people will also want to check out some of the fall foliage tours. States in the north east such as Vermont, New York and Massachusetts are known for having some of the most beautiful scenery during this time of year, imagine being surrounded by rich and vibrant colors mixed with the tranquility of being in the great outdoors. Taking a tour and viewing this spectacle will provide a Thanksgiving memory that will last forever. New York timeshares also have a lot to offer during this time of year. New York is considered by many the shopping capital of the USA, what better time to visit than during the Thanksgiving season where the latest gift ideas will be featured for the Christmas season, you will surely find many new and exciting ideas for Christmas shopping, not to mention the world famous Macy’s Thanksgiving day parade. Imagine spending Thanksgiving lining the streets watching huge floats go by, watching the parade will bring back many childhood memories and provide a unique holiday experience for families with children.
If you are timeshare owner has a special tradition or suggestions for travel ideas during this holiday we would love to hear from you. No matter how you decide to spend your holiday Vacation Timeshare Rentals would like to wish everyone a Happy Thanksgiving.
Posted: November 22nd, 2010 under Timeshare Resorts, Timeshare Vacations.
Tags: New England Timeshares, New York Timeshares, Thanksgiving
Written by: Traver
There are a few trips that every family across the United States should take while their children are growing up, the first and most obvious is taking the trip to an Orlando timeshare to visit the most famous theme park in the USA of course we are talking about Walt Disney World. Most families also feel it is important to at least have one educational vacation which requires a trip to the Williamsburg/Washington DC area, in historic Williamsburg people will get a taste of days past as there is an entire portion of the town that operates just as people did back in the Colonial period when America was discovering its independence. At Vacation Timeshare Rentals we have been trying to alert people the best way to travel with a family is by renting a timeshare or even buying a timeshare, according to a report released by Greater Williamsburg Chamber and Tourism Alliance people are realizing this fact in Williamsburg.
The Greater Williamsburg Chamber and Tourism Alliance recently released a very interesting report, the report did have some bad news for area hotel industry as it showed the occupancy rate was down over the past ten years, however the report did state one of the main reasons the occupancy rate in hotels was down was because more families were staying in Williamsburg timeshares. We will touch some of the highlights of the report here but if you would like to a full review please visit the online article “Local Hotels Seeing Less Summer Business Than 10 Years Ago” written by Desiree Parker. In the article it states the report commissioned by Chamber studied the occupancy levels of hotels in the Williamsburg area broken down to each day of the week as well as the revenue per available room over the past ten years. The report shows a drop in both occupancy rates and revenue per available room over the past decade, in an attempt to explain why this is happening the report gave some interesting statistics regarding the timeshare industry. The report showed since 1987 the occupancy rate of Williamsburg timeshare resorts has increased 327% while during the same period the occupancy rate of hotel rooms as decreased 9.6%. Almost one out of every two rooms occupied in the Williamsburg area is now a timeshare unit, showing people are opting to purchase or rent timeshares for their Williamsburg vacations.
This report certainly shows families visiting the Williamsburg area realize the value of staying at a timeshare resort for their vacation. People who are familiar with the timeshare industry already know the value and level of comfort a timeshare unit can provide to a family while on vacation. If you are ready to take the family on a memorable Williamsburg vacation please search our Williamsburg timeshare rentals.
Posted: November 19th, 2010 under Timeshare Rental, Timeshare Resorts, Timeshare Tips, Timeshare Vacations.
Tags: Orlando Timeshare, Williamsburg Chamber and Tourism Alliance, Williamsburg timeshares
Written by: Traver
Timeshare owners at the resort Nottingham Village at Friar Tuck have had a very interesting year to say the least. Friar Tuck resort had filed for bankruptcy in April of 2010, however since the hotel and timeshare portion of the site were operated as two separate entities the timeshare resort continued to operate for some time. Timeshare owners have received many different stories from people who were running the resort and have even been asked to continue paying maintenance fees by resort management even though the future of the resort remains in doubt, many owners refused to pay their fees and in October of 2010 the resort was ordered to shut down leaving more uncertainty for timeshare owners as no one knows if and when the resort will reopen allowing owners to use the weeks they have purchased. Just to summarize the happenings over the past year, Friar Tuck has filed for bankruptcy, the timeshare portion of the resort has been dropped by two timeshare exchange companies, the resort has fallen into disrepair, and finally the timeshare resort was ordered to close its doors. We have recently found a new development that may peak the interest of owners at this resort.
Yesterday a local New York television station reported on their website, WNYT.com, the Friar Tuck resort was being put up for auction on the Internet. It was reported the auction was starting off at $1.2 million. There have been a few reports of buyers attempting to purchase the resort from Ulster savings bank of Kingston since the bankruptcy had been announced, but each time the buyer has fallen through. Hopefully some management company can step up and purchase this resort and restore it to the prominence it once had among New York Timeshare owners. The timeshare owners who have invested in this property are still hoping for some good news about from the resort, which they have not received up until this point. Many owners have already written the timeshare resort off has a total loss but some are still hanging on to a small glimmer of hope that a new buyer will emerge and take over the operations and repair the resort. If the resort is repaired it will most likely still take a while for it to be approved for exchange by any timeshare exchange company, however at least owners would have the option to visit Friar Tuck, which they have not had since the timeshare portion of the resort was shut down. We are keeping our fingers crossed for the owners and hope something good happens for them. Vacation Timeshare Rentals will continue to post any new information we find about this story.
Posted: November 17th, 2010 under Timeshare Resorts.
Tags: New York Timeshares, Nottingham Village at Friar Tuck, Timeshare Exchanges
Written by: Traver
When most timeshare owners think of timeshare exchanges the companies coming to mind are most likely RCI and Interval, while most owners are affiliated with one or both of these companies it is not always necessary to use these companies to exchange a timeshare. Traditionally exchanges are done through an timeshare exchange company so it may come as a surprise to owners when we ask them to think outside the box and consider doing a direct exchange with another owner. Today we would like to discuss a few of the advantages of going a different route and exchanging directly with an owner.
The first and most obvious advantage is the money saved when exchanging with another owner. Both RCI and Interval International charge an annual fee to become a member of their organization, on top of this fee whenever you do find something you would like to use there is also a reservation fee. When exchanging directly with another owner both of these fees can be avoided unless the resort requires a nominal fee to change the name on a reservation, even in this case the fee is much less than the fees charged by either of the major timeshare exchange companies. Another advantage to a direct timeshare exchange is the owner knows exactly what is available without having to deposit a week. With the traditional exchange companies owners are required to bank their week into a pool for others to use not knowing if they will be able to find another week to suit their needs or time frame they wish to travel. Exchanging directly with another owner will allow the person to know exactly what is available before they agree to exchange their week. In addition talking directly with the owner of the timeshare you are going to use allows you to ask questions specific to the resort and area. Most likely the owner of the timeshare has visited the resort and area multiple times so they have had a chance to learn secrets of the resort or area which you can be helpful to someone who has not been there before. For example maybe the area has a great public transit system which can be used be tourists to get from one place to another; the traveler might not have been able to learn about this if they used a timeshare exchange company and did not have direct contact with the owner.
By now you are probably asking, “How can I find a timeshare exchange without using a traditional company?” The good news is Vacation Timeshare Rentals makes it very easy to find other owners willing to exchange, we have an entire section of our site dedicated solely to help owners find other owners wanting to exchange. If you are interested in saving money and using this service visit our timeshare exchanges section. If you would like to post your timeshare for exchange please visit the following page to advertise a timeshare.
Posted: November 15th, 2010 under Timeshare Resorts, Timeshare Tips, Timeshare Vacations.
Tags: Interval, rci, Timeshare Exchanges
Written by: Traver
People around the United States celebrated a very important holiday on November, 11, Veterans Day, personally I feel this holiday is not celebrated enough however many people felt a strong impact of the holiday and know someone who has been in the military at one point or another. In the United States there are many different ideas and views on how the government should be run and what its role should be in our daily lives, however no matter what your political affiliation or party you belong to everyone should agree the men and women who serve our country and protect our freedom should receive a great amount honor, respect, and appreciation. There are many different programs trying to help veterans if various ways, one such organization we found particularly interesting is Vacations For Vets.
Vacation For Vets is a non-profit organization which is ran solely by the power of volunteers who donate their time and money in order to help veterans be placed in a vacation rental or timeshare. The mission of the organization is simple yet powerful, “to provide a ‘free’ week of vacation lodgings to veterans of the United States Armed Forces who recently have been wounded in action.” Providing wounded veterans an opportunity to be placed in a timeshare or vacation rental free of charge can benefit them in many ways. The vacation can help to relieve some of the stress incurred while fighting for our country as well as give them some time away to heal and just relax without having to worry about what the next day will bring. Being given a free week of vacation will also help the solider feel appreciated and know the residents of the country do appreciate their efforts. Since the soldier has most likely been away from home for months or even years the vacation week also gives them time to reconnect with family and friends by spending quality time with them. The foundation has approved more than 1,000 vacations for veterans since their inception in 2007. The idea continues to gain popularity and has drawn the interest of timeshare companies such as the American Resort Development Association, ARDA, and Shell Vacations Club whose members have donated many timeshare weeks to support the program.
Timeshare owners who want to be a part of this organization can do so by a number of different methods. Owners can donate money to help the cause, donate timeshare week, or simply donate their time to help with operations of the organization. If you would be interested in helping work toward the success of this program please visit the Vacation For Vets website.
Posted: November 12th, 2010 under Timeshare Resorts, Timeshare Vacations.
Tags: ARDA, donate timeshare, Shell Vacation Club, Vacation For Vets
Written by: Traver
Since the third quarter for the year of 2010 ended in September many companies are beginning to report their revenue and profit for both the quarter and for the year. Regular readers of our blog will know we have been reporting on these companies as it backs our claim the timeshare industry is on route for major growth during the next year. Previously we had reported Wyndham Resorts had exceeded their expectation for the third quarter in the post “Wyndham Beats Third Quarter Expectations”, today we found two other timeshare related companies were also reporting increased revenue when compared to the same quarter of last year.
Bluegreen Resorts is another large company in the timeshare industry which has recently reported about the earnings from the third quarter. Bluegreen reported their system wide sales had increased by 11% thanks largely in part to more sales being made by third party developers. While Bluegreen did report a net loss for the quarter this was only because of non-cash charges which were incurred before the quarter, if the non-cash charges would have been excluded the company would have posted a net income of $11.4 million. John M. Maloney Jr., President and Chief Executive Officer of Bluegreen was asked about the reports and stated, “We are very pleased to report continued progress on a number of fronts. Resorts system-wide sales increased 11% during Q3 2010 compared to Q3 2009, driven by higher sales made on behalf of third party developers. Sales and marketing commission revenues from our fee-based services business increased, as did our other resort fee-based services revenues, which rose 15% in Q3 2010 compared to Q3 2009. We increased free cash flow, improved our unrestricted cash position by nearly 22% from January 1, 2010, and completed credit transactions that provided us with additional liquidity for our receivables financing activities.” Based on the statement provided by this Bluegreen official they are very pleased with the company’s progress during the last quarter and expect to experience continued growth during in the future.
Interval International also recently released their company’s numbers for the third quarter. Interval reported an increase of 2.8% for the third quarter brining their revenue to $101 million. The company also reported an increase in operating margins of around one percent when compared the same quarter of the previous year, the margin grew from 23.6% to 24.6%. While these numbers are not as staggering as the information reported by Wyndham progress is still being shown. In addition, we expect similar increases being reported as the timeshare and travel industry continue on their road to recovery and we still believe the upcoming year will be marked by significant growth in the timeshare industry.
Posted: November 10th, 2010 under Timeshare Resorts.
Tags: Bluegreen, Interval Interational, Wyndham
Written by: Traver
At Vacation Timeshare Rentals we feel it is our responsibility to keep our readers and regular visitors updated with everything going on in the timeshare industry, many times this includes reporting about the new ways larger companies are presenting their products to timeshare owners. One of the most well known company’s in this industry is RCI, which many owners join every year as it allows them a way to exchange a timeshare usage for other weeks around the world. RCI is known for being on the cutting edge of both technology and new concepts in the timeshare industry. Our regular readers will remember some of the most recent posts we have presented about this company, reporting on their continued growth in both the United States timeshare region as well as in other countries such as India timeshares. RCI also launched their own internet television channel and has recently began airing some of the programs with Spanish subtitle in an attempt to capture the expanding Latin American timeshare market. With all of these innovations made recently we were not surprised to read an article focusing on RCI and another new strategy they are beginning to deploy.
Timeshare owners are spending more and more time on the internet, specifically monitoring social media sites such as Twitter.com and Facebook.com. Recognizing the growing popularity of these social sites RCI has joined both twitter.com and facebook.com to provide another avenue for timeshare owners to receive customer service and communicate with the company on a more personal level. In addition to providing customer service joining these networks will give the company another way to discover what timeshare owners are looking for in their timeshare exchange experience. The company has produced a Facebook application simply called “”Share Your Vacation by RCI”, it allows people to post on a map where they have traveled on their timeshare vacation sharing it with their friends as well as being able to view a friends map to see exactly where they have traveled. In addition to new social media account RCI has also introduced applications for download on either the Iphone or Ipod touch, to date about 20,000 people have downloaded the app which allows them to view the RCI TV channel on their mobile device, as well as capture and share images taken during the owner’s vacation.
Its nice to see that RCI is paying close attention to the wants and needs of their customers, having these social media accounts will help them to address any issue on of their customers may have almost instantly. Vacation Timeshare Rentals shares the same view on customer service and value the speed at which Facebook and Twitter allow us to address any issues, as well as the ability to make announcements about site updates and new features. We started becoming active on these networks quite some time ago, if you are not yet following us we would like to invite your to Follow Us On Facebook or Follow Us On Twitter.
Posted: November 8th, 2010 under Timeshare Resorts, Timeshare Vacations.
Tags: Facebook, rci, timeshare exchange, Twitter
Written by: Traver
People who love to vacation as well as timeshare owners are most likely familiar with the concept of travel insurance. For anyone who is not familiar, travel insurance allows the person who booked their trip to purchase a policy to provide a refund of the expenses incurred in the event they are unable to travel. Like all insurance policies many times there are restrictions and the coverage will depend on the travelers personal preference and amount they are willing to spend for the policy. Some policies will allow the holder to cancel at anytime while others might require the trip to be cancelled before a certain date. Some policies will cover lost or stolen luggage while traveling and we have even heard of a rainy day insurance policy, where a portion of the trip’s cost will be refunded if you are visiting a beach and it happens to rain on a day when you are there. As you can see there are a wide range of policies available to travelers, however there is not one specifically tailored to timeshare owners, one company from Europe is seeking to fix this problem by developing a new timeshare insurance concept.
Regular travel insurance will most times be sufficient for travelers who simply book a hotel or rent a timeshare from an owner, however what if the timeshare owner themselves is not able to visit a resort during their given week? Sure they could have purchased travel insurance which would cover their travel expenses, such as airline tickets, but what about their maintenance fee which has already been paid? Until now the timeshare maintenance fee and any other fee associated with the ownership of the timeshare would have been lost. Recently a European company has began offering a timeshare owner insurance policy called “Annual Management Protection”, if the owner purchases this policy they will be able to recover their maintenance or management fees already paid to the resort up to 2,000 Pounds. While the policy does not provide coverage if an owner simply chooses not to go it does cover unforeseeable events that may happen causing the owner to not be able to travel. The policy would be paid out for the following; death, injury, or illness of the owner, anyone closely related to the owner such as a child or anyone whom the owner has given permission to use the timeshare unit.
Since we always recommend travelers purchase insurance for their trips to cover events such as hurricanes or floods where they would not be able to travel we were interested to hear about this new concept. Since the concept is relatively new it will be interesting to see how it is perceived among timeshare owners in Europe. We would like to hear from our readers, if you own a timeshare in the USA would this type of insurance be something you would consider purchasing?
Posted: November 5th, 2010 under Timeshare Resorts, Timeshare Vacations.
Tags: timeshare insurance, timeshare maintenance fees, Timeshare Owners