(June 15, 2010) — Vacation travelers looking for a timeshare for rent can now find a timeshare vacation unit at an exclusive resort for 30-50 percent less than a comparable hotel. Resort Rentals By Owner (RRBO.com), a newly launched online marketplace, connects owners with renters while managing and guaranteeing the payment.
There are over 5 million timeshare owners in the U.S. who own one-, two- and three-bedroom villas at luxury resorts and pay annual maintenance fees. Upwards of 30 percent of these timeshares go unused each year and owners now have an easy way to recover their annual fees by offering timeshare rentals by owner using this website.
“RRBO was created to give travelers a better option than going to a hotel and paying retail,” said Mike Blackwell, company founder and president. “Timeshare resorts are among the best vacation resorts anywhere, most of which have only been available to timeshare owners. Now a traveler can go to one website and find available timeshare owner rentals from thousands which have been listed on RRBO.com.”
Other online sites require travelers to contact the owner to work out rental details and that is risky to both the owner and the renter. According to Blackwell RRBO eliminates the hassle and risk of finding and negotiating a rental agreement between parties that have never met.
RRBO operates much like other popular person-to-person commerce sites. A traveler visits RRBO.com where they can view available timeshare rentals by owner at resorts all over North America, find the unit they want, and rent it immediately. RRBO acts as the marketplace intermediary and when a unit is booked, the owner pays RRBO a portion of the rental fee to guarantee the payment, handle the booking and eliminate risks of non-payment.
“Owners win because they don’t pay anything unless their timeshare is rented, and consumers win by having access to an exclusive resort for a great price,” said Blackwell.
Resort Rentals By Owner (RRBO.com) is an online marketplace for vacation rentals founded by Mike Blackwell, former AOL executive and CEO of ShareThis. Fractional ownership units (timeshares) were created in the early 1970’s as a way to allow deeded resort ownership without the need to purchase an entire condominium. Timeshare ownership became wildly popular, with resort companies like Marriott, Hilton, Wyndham and Disney developing thousands of units worldwide. These units are now available to anyone using RRBO’s online marketplace.
For more information on RRBO, contact Bob Kington; 1-877-357-RRBO (7726).