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The Vacation Ownership Industry (Formerly Known As…Timeshare)

The Vacation Ownership Industry (Formerly Known As…Timeshare). Why Vacation Ownership?. Fastest growing Segment of the Hospitality Industry Virtually 100% Leisure Oriented Broad Opportunities 9 HQ’s in Orlando. Why Vacation Ownership?. Stay with family & friends Limited to where they live

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The Vacation Ownership Industry (Formerly Known As…Timeshare)

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  1. The Vacation Ownership Industry(Formerly Known As…Timeshare)

  2. Why Vacation Ownership? • Fastest growing Segment of the Hospitality Industry • Virtually 100% Leisure Oriented • Broad Opportunities • 9 HQ’s in Orlando

  3. Why Vacation Ownership? • Stay with family & friends • Limited to where they live • Not the best scenario • Buy a vacation home or villa • Use traditional lodging accommodations • Buy a “share” of a resort at today’s market value • Ability to exchange/travel other places • Often full resort features • Buying at today’s prices • Some offer deeds/ability to gift or bequeath

  4. Headquarters • Tempus • Island One • Fairfield Resorts • Marriott Vacations • Westgate Resorts • Hilton Grand Vacations • Starwood/Vistana • Sunterra • Disney

  5. Ability to be Flexible • Misconception that timesharing/vacation ownership is rigid and inflexible • Resort Condominiums International (RCI) and Interval International (II) permit sharing and exchanging all over the world • You pay membership fees, per transaction fees for exchange, and possibly other fees as well

  6. Income Stream • Unit Sales • Food & Beverage • Unit Rental Pool • Unsold Unit Rentals • Homeowner Association • Mortgage Income • Annual Maintenance Fees

  7. VP Resorts GM Ass’t GM Security Mgr. Security H/H Director of Housekeeping Housekeeping Mgr. Housekeeping Sup. Inspectors Housemen Housekeepers Director of Laundry Ops. Laundry Mgr. Laundry Sup. Traditional Hospitality

  8. Market Differences • Tour Generation • Selling Real Estate • Association Management • Mortgage Services

  9. Association Mgmt. • VP Association Management • Director of Finance • Manager of Collections • Director of Owner Services

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