Resort Real Estate Event for the Fractional Interest Industry To Focus on Improving Business Performance in a Transitional EconomySan Francisco, CA (February 17, 2010) -– Registration is now open for the 2010 Ragatz Associates Tenth Annual Fractional Interest Conference, a highly anticipated annual forum which will discuss recent and anticipated influences affecting this unique resort real estate industry. The conference is scheduled for March 29-31 at The Fairmont San Francisco and will be co-hosted by The Registry Collection.
“While the recent financial crisis has affected every element of the real estate market, in the long term, shared-ownership products such as fractional interests are likely to be the first to rebound,” says consulting veteran Richard Ragatz, Ph.D. and event host. “The key is for the development community to be prepared and properly positioned for the turnaround, which is certain to come.”
Like many experts in the resort real estate industry, Ragatz believes that today’s affluent consumer is becoming increasingly in sync with “green” influences – purchasing only the amount of vacation time they can personally use and financially afford.
Attending this year’s conference is critical to companies currently in the fractional interest industry along with those considering entering this highly specialized field. Conference attendees will learn how some companies continue to make sales in a transitional economy, as well as innovative marketing and sales strategies. With many troubled whole-ownership resort real estate projects throughout the U.S. today, it is critical for developers of these projects to understand whether their project is appropriate for fractional interests. Ragatz says that his conference will respond to such concerns.
The 2010 conference will emphasize conducting business in the fractional interest industry in today’s economy. Critical topics of discussion will include:
- Are troubled whole-ownership resort developments appropriate for fractional interests?
- The search for financing
- Innovative marketing and sales strategies in a transitional economy
- How affluent consumers make decisions in times of economic uncertainty
- Insights and advice from industry experts
The conference should be of major interest to companies already in the fractional interest industry (including private residence clubs and destination clubs), and especially to companies considering entering the industry. As in the past nine conferences, included will be formal presentations, panel discussions, and a series of small group break-out sessions. Last year’s conference attracted 450 participants from over 30 states and 12 countries.
The March 2010 conference will feature presentations from over 60 speakers, including representatives from the land development, hotel, finance, legal, internet and public media industries. Speakers include representatives of Hyatt, Fairmont, Timbers Resorts, Preferred Residences, Ward Financial, Life Rich Real Estate, The Registry Collection, The Harrison Group, East West Partners, and the American Resort Development Association (ARDA). A special luncheon speaker will be Ralph Bowden of Bowden’s Market Barometer.
Results from the 2010 Edition of Ragatz Associates State of the Fractional Interest Industry will be presented, describing current conditions of the industry in the United States, Canada, Mexico and the Caribbean. Current research on affluent consumers also will be presented.
Some 25 companies are again supporting the conference at various sponsorship levels. Platinum sponsors include Ballard Spahr, Baker Hostetler, Timbers Resorts and Preferred Residences. Gold level sponsors include ARDA, Weinstock & Scavo, Greenberg Traurig, and Robb & Stucky Interiors.
Registration for the conference is $850. For groups of two the fee is $750 each and for three or more it is $700 each. To make hotel reservations by phone, call 1-800-441-1414, and mention that you are attending the Ragatz Associates Fractional Interest Conference to receive the discounted rate.
About Ragatz Associates
Ragatz Associates is internationally recognized as the leading consulting and market research firm in the resort real estate industry. The firm has conducted more than 2,500 studies in over 70 countries since its formation in 1974. It specializes in feasibility analysis and consumer research.
For additional information, contact
Sarah Winter of Ragatz Associates at 541-686-9335
Media Contact: Marge@LennonCommunications.com
SOURCE: Ragatz Associates