Leaders VOIC Optimism

A It's difficult to find a discouraging word whenever a group of timeshare executives get together. Such was the case at last month's Vacation Ownership Investment Conference (VOIC) as more than 750 vacation ownership and hotel industry developers packed the Peabody Orlando to discuss prospects for the booming timeshare business.

One tradition of the nine-year-old conference is a general session panel of industry leaders. And, as usual, this year's group of CEOs professed unqualified optimism for the industry, even as other segments of the real estate industry face uncertainties.

“I don't expect much fall-out from it,” said Island One Resorts CEO Deb Linden of the recent meltdown in the subprime mortgage market. “Intially, we saw a little spike in (loan) delinquencies but that's over. Timesharing is very resilient with fewer peaks and valleys than other real estate types.”

John Burlingame, executive vice president of Hyatt Vacation Ownership, believes history is on the side of the industry. “The development of a timeshare project usually extends over more than one real estate cycle, so we've always had to sell and operate through good times and bad,” he said. “People in our industry have even sold through recessions with not much trouble.”

The panelists credited demographics, including the growing affluence and time availability of Baby Boomers, as a major boon to vacation ownership. “This business was much more difficult 15 years ago than it is today,” said Stephen Cloobeck, chairman and CEO of Las Vegas-based Diamond Resorts. “Timesharing is a much more desirable product today for a lot more people.”

And, as Hyatt's Burlingame added, Boomers have fueled the rise in the market for fractionals, which are an appealing alternative to second-home ownership.

Reprints and Licensing
© 2014 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

Most Recent

More Recent Articles

Career Center

Quick Job Search
Enter Keyword(s):
Enter a City:

Select a State:

Select a Category:



http://lhonline.com/images/bulk_tv_logo.jpg
Franchise Fact File Top Brands
Brand Company Basics Top Management Companies
Owners & Operators Industry Consultants
Industry Associations Industry Events
Design Firms Purchasing Companies
Top Ownership Groups  


http://lhonline.com/images/bulk_tv_logo.jpg

Click here to view all of the Lodging Hospitality Photo Galleries



Accor Best Western
Carlson Rezidor Choice
Hilton Hyatt
IHG La Quinta
Marriott Starwood
Vantage Wyndham







Free Product Information
News and Trends for the Hotel, Motel, and Hospitality Markets.

Lodging Hospitality eReport
Lodging Hospitality electronic newsletters are FREE to requested subscribers.

Lodging Hospitality Resource Center
The Lodging Hospitality Resource Center is the ultimate resource to find products and services to build, equip, and renovate hotels, motels and resorts.

Subscribe / Renew
Visit our subscription center to subscribe or renew your subscription to Lodging Hospitality.

Webinars
Visit our webinars page to view all our upcoming and on demand webinars.

Whitepapers
Visit our White Papers page to view all our current White Papers.