Timeshare owners are a mixed bag: younger, older, wealthy and educated Younger. Smarter. Wealthier — and tougher to fool. That’s the new look timeshare owner for 2018, according to surveys commissioned by the timeshare industry’s trade and lobbying group. In a recent column posted in Developments Magazine, Howard Nusbaum, president of the American Resort Development…
Forget January. February 2018 is a great start for the new year. All maintenance fees should be paid by now, and if you want to go to your Hawaiian timeshare next winter, now is also the time to make that 12-months-in-advance-of checkin reservation at your home resort. But it’s also a good month for most…
Most people know that fall and football go together. But only a handful know that fall is also election season at timeshare resorts across the country, where very few people vote and, in all likelihood, even fewer care about the outcomes. All owners generally care about is #1 reservations and #2 maintenance fees. HOA board…
The horrendous hurricanes in Texas and Florida have taken a huge toll in human life and billions of damages in property losses across several Southern states and the Caribbean. To help timeshare owners assess what is going on, RedWeek contacted several companies for updates on their resorts and how to handle cancellations, etc. While…
AUGUST 16, 2017 — MANHATTAN. After more than three years of investigation and litigation, the New York Attorney General’s Office today announced the settlement of the Big Apple’s most notorious timeshare case. The AG announced that hundreds of owners at The Manhattan Club will share in a $6.5 million settlement approved by the long-troubled operators…
Last month, in our Ask Redweek forum, we posted an article about positive trends in the resale market. For the first half of 2017, resale closings tracked by RedWeek rose 46 percent compared to 2016. As a follow-up to our feature on resales, we’ll now give you a snapshot of industry-wide stats just released by…
By Jeff Weir, RedWeek.com’s Chief Correspondent Welcome to the Big Easy! Not sure how many people own timeshares in Louisiana, nor how many timeshare owners live in Louisiana, but RedWeek can guarantee you that several thousand timeshare people — developers, CEOs, staffers, realtors, resale companies, lawyers, litigators and title experts, PR consultants, escrow agents, HOA…
By Jeff Weir, RedWeek’s Chief Correspondent Just when you might have thought things were finally settling down at Diamond Resorts, all hell broke loose all over again as 2016 morphed into the New Year. Here’s an update on what’s been happening with Diamond since our first installment of the Diamond Chronicles last September. There are…
SOUTH LAKE TAHOE, CA — Legacy week owners at Tahoe Beach and Ski Club strengthened their grip on the HOA board in September by electing two longtime owners to succeed directors who had perceived ties to Diamond Resorts, the giant timeshare chain that owns 22 percent of the resort’s intervals. The showdown vote on Sept….
By Jeff Weir Chief Correspondent for RedWeek.com This is the first of what may be several columns on the changes afoot at Diamond Resorts International, which was just bought out by a huge Wall Street investment firm, Apollo Global Management, for $2.2 billion.& The merger’s effect on owners is to-be-determined, which is why we are…