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Archive for October 2009

Reportlinker Adds Vacation Ownership (Timeshare) Industry Report: 2009 Edition Report

Oct 9th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Industry Reports

NEW YORK, October 9, 2009 — Reportlinker.com announces that a new market research report is available in its catalogue. Vacation Ownership (Timeshare) Industry Report: 2009 Edition
The US vacation ownership industry is growing inspite of the ongoing economic recession. Analysts feel that with the entry of global hotel chains in Asia and Europe, market awareness about [...]



Team Arleen Realtors Keller Williams Named Preferred Agent for Mainsail of Beaufort

Oct 9th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Destination Clubs, Fractional, PRCs, Condo Hotels

GREENSBORO, N.C. (October 9, 2009)— Team Arleen Realtors, a Greensboro-based Keller Williams Realty affiliate (www.teamarleen.com), has been named a preferred broker for MainSail of Beaufort (www.mainsailofbeaufort.com). The townhomes are being sold in one-tenth co-ownership shares, better known as fractional ownership. Pre-sale pricing starts below $60,000, saving consumers up to $15,000 from the average price. High [...]



Timeshare Promoters Sanctioned by State of Oregon

Oct 9th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Legal Issues, Timeshare Fraud

Salem, OR, October 9, 2009– From The Statesman Journal: State regulators have sanctioned the promoters of a fraudulent time-share investment program that raised more than $428 million from investors nationwide before its collapse, including $5 million from Oregonians.
The Oregon Department of Consumer and Business Services has levied fines in excess of $2 million against American, [...]



Changes at La Entrada de Santa Barbara

Oct 9th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Destination Clubs, Fractional, PRCs, Condo Hotels, USA & Canada

Santa Barbara, CA, October 9, 2009- Mountain Funding, the entity that took control of the La Entrada de Santa Barbara project on State Street when developer Bill Levy declared bankruptcy in 2006, has presented new plans to the City Council in an attempt to move forward with the project.
It took until 2001 for Bill Levy [...]



Marriott posts 3Q Loss on Timeshare Charges

Oct 8th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Finance

BETHESDA, Md., Oct 08, 2009 – Marriott International Inc. today reported third quarter 2009 adjusted income from continuing operations attributable to Marriott of $53 million, a 57 percent decline over the year-ago quarter, and adjusted diluted earnings per share (“EPS”) from continuing operations attributable to Marriott shareholders of $0.15, down 55 percent. The company’s EPS [...]



Timeshare Industry Proves Resilient | Occupancy, Satisfaction Rates Remain Strong

Oct 7th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Associations and Events

Washington, DC, October 7, 2009- Despite tighter credit markets and high unemployment rates, the U.S. timeshare industry continues to demonstrate its resilience.
Although overall sales continue to reflect the national trend of lower consumer spending, timeshare owners continue to enjoy their pre-paid timeshare vacations, with an 80 percent occupancy rate and an 86 percent product approval [...]



Wyndham Worldwide Completes $350 Million Term Securitizations

Oct 7th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Finance

PARSIPPANY, N.J., Oct. 7, 2009 — Wyndham Worldwide Corporation (NYSE: WYN) today announced that it has completed two term securitization transactions involving the issuance of $350 million of investment-grade asset-backed notes:

Sierra Timeshare 2009-2 Receivables Funding LLC issued $175 million of AAA rated vacation ownership loan backed notes, which have an advance rate of 55% and [...]



Tom Goetschius Develops Sales Training For New Economy

Oct 6th, 2009 | By Admin | Category: ALL NEWS HEADLINES

Orlando, FL, Oct. 6, 2009 — It’s not business as usual anymore. Over the last 18 months, the economy has witnessed wrenching changes, re-adjustments and dramatic upheaval. Many of our long-held beliefs turned out to be deceptive and downright fraudulent. Gone is the “borrow and spend” philosophy. The bubble has burst on the prosperity we [...]



EMPLOYMENT INTERRUPTION ASSURANCE (EIA) FOR VACATION OWNERSHIP JUST GOT MORE SUBSTANTIAL

Oct 5th, 2009 | By Admin | Category: ALL NEWS HEADLINES

This product provides assistance and peace of mind for purchasers during challenging economic times
Orlando, Fla. (October 5th, 2009) – Evocon EIA today announced this agreement with CSA Travel Protection® to introduce and deliver Secure Vacations, an employment interruption assurance (EIA) program for vacation ownership purchases. CSA Travel Protection ® is owned by Europ Assistance Group, [...]



Contact 5 Investigates: Premier Timeshare Solutions

Oct 2nd, 2009 | By Admin | Category: ALL NEWS HEADLINES, Legal Issues, Timeshare Fraud, Timeshare Resales/Rentals

WEST PALM BEACH, FL, October 2, 2009- This began as a story about a local company making sales pitches to people across the country during this difficult financial time. The pitches come at a time when many are hoping that what they are being told is legitimate. Then came a startling revelation for us, and [...]