Timeshare giant Wyndham Destinations has commissioned a survey, in an attempt to gauge the future prosperity of the timeshare industry in the US. According to the survey of 1,250 Americans, almost half believe they will spend more than $80,000 on holidays during their lifetime. More than half of the people surveyed said they had stayed in a timeshare and a massive 80% said they had enjoyed the experience. Amongst millennials, 55% said they had stayed in a timeshare and 73% of these had enjoyed their experience. remarkably, one in four liked it so much, they would consider purchasing a timeshare … Read more
Posts
Westgate acquires former Hilton New York Grand Central Hotel, marking the Orlando based timeshare company’s first entry into New York City.
The two-tower, 23 floor, 300 room hotel is located in the historic Tudor City neighbourhood, at the heart of Manhattan’s East Side and has been rebranded Westgate New York. David Siegel, founder and CEO of Westgate resorts said, “It is with great excitement that I announce Westgate has purchased its first urban hotel located in none other than the Big Apple, this puts the Westgate flag Triumphantly in the heart of one of the most visited cities in … Read more
Timeshare, Cryptocurrency, Financial And Legal Scams Have Doubled In The Last Year !
More and more customers are falling victim to scams involving timeshare, cryptocurrency, binary options investments and phoney solicitors, according the the charity, Citizen’s Advice. Scammers posing as professionals from financial and legal services are on the rise and such cons now account for a fifth of all scams reported to Citizen’s Advice.
Citizen’s Advice have reported a 6% increase of these types of scams being reported to their advisory service this financial year and they have calculated that the median financial loss for these types of … Read more
Michael Brown, CEO of Wyndham Destinations, sat down with CNBC’s Jim Cramer, the network’s resident markets expert, to discuss the split up of Wyndham Worldwide to create Wyndham Destinations and Wyndham Hotels and Resorts, how this split will influence the timeshare market and, how it will benefit Wyndham shareholders.
Wyndham Destinations is now purely focused on their Timeshare Vacation Ownership product and investing in its future, by creating a strong brand and a greater market share for its investors. Michael Brown CEO explains: “We have had growth every single year, but what’s really interesting in terms of growth … Read more
Home-sharing websites, such as Airbnb and HomeAway, have been giving the holiday industry a run for its money of late, with many choosing to book through their easy to use online services rather than the more established holiday companies.
Marriott International have been piloting a home-sharing program which began in April. They risked into the market on a six month trial, in collaboration with UK based home rental company Hostmaker.
Marriott already have 6,500 hotels and 110 million loyalty program members and are determined to grow even bigger by entering the home-sharing market.
Marriott have launched ‘Tribute Portfolio Homes’, which … Read more
Two Florida Businessman Have Been Permanently Banned From Selling Timeshare’s And Ordered To Surrender Their Assets.
The two businessmen, Jess Kinmont and John Wenz, ran and operated ‘Pro Timeshare Resales LLC’ from 2011 to 2016. The Federal Trade Commission (FTC), the US’s equivalent of Trading Standards, brought the case against the pair to court, in response to complaints made by consumers. The duo appeared in court back in December 2016, when a judge upheld a temporary restraining order against the defendants, Stopping them from operating the business. The court also ordered that all assets owned by the pair be frozen … Read more
Hilton Grand Vacations invests $41 Million in Hilton Hotels, Los Cabos Beach and Golf Resort in Mexico.
Hilton Grand Vacations has long continued as a high profile vacation ownership brand. They are again increasing their presence in the market by purchasing 87 of the 375 hotel rooms within the resort.
The hotel is located between Cabo San Lucas and San Jose Del Cabo. The area has many popular attractions as well as one of the regions only swimmable beaches. The hotel features 6 food and beverage outlets, a 7,000 square foot spa and salon, and 88,000 square feet of indoor … Read more
A 37 year old man from Orlando, Florida stands accused of running a nationwide, fraudulent Timeshare scheme from his apartment.
David Jolly has been charged with Fraud nearly $90,000. Victims say they thought he was selling their Timeshares, but it was all an elaborate hoax.
Jolly is currently being held in jail, as he could not afford the $60,000 bail bond to be released until his hearing. In the US, when a defendant is arrested and charged, a court will set a dollar amount, known as a bail bond. This is required so as to prevent criminals fleeing before they … Read more
The Birmingham brothers have been ordered to pay back “Hidden Assets” or face an additional 15 months in prison.
Brothers Amarjit and Shivjit Bagharian, from Smethwick, were both jailed for seven years in February 2016 after admitting a Scheme to defraud topping £1 Million. Operating under 2 bogus companies, Sun Properties Solutions and Avon Client Services, they duped over 38 victims into handing over money in exchange for timeshare abandonment services, even promising their victims could obtain a handsome return on their investment.
However, the duo made no effort to sell timeshares, nor had any intention to do so. Instead … Read more
A family from Solihull were disgusted when their bank told them they would not give back £25,000, which was stolen from their savings account. Jodh Cusbia was contacted from what seemed to be a genuine number from TSB and that the woman he spoke to was so convincing, he had no idea that anything was wrong.
“I felt ill, I wanted to cry. I did cry”.
Years of earnings were wiped out in seconds. Jodh Cusbia, from Solihull, could hardly believe it when £25,000 was taken from his account, in what he thought was a legitimate phone call to the … Read more