Timeshare Pitches About To Get Hardcore As Industry Hurts
We’ve always been tempted to sit through a timeshare presentation to score some freebies, but we usually realize that having a good time and a relaxing evening is better than a stressful 90-minute hard sell. However, if you want some free stuff, or are really interested in vacation ownership, now is a good time. Timeshare sales are down big time, and some experts are thinking that things will drop 30 percent from 2008 numbers.
Marriott’s timeshare group, for instance, is cutting prices and slowing down their plans to expand. They are even thinking about selling some of their prime land—might be worth taking a look if you’re looking to build your own vacation home. Wyndham is doing the same thing, despite being the largest seller of timeshares in the country; they are cutting 40 percent of their sales. The salespeople trying to get rid of these properties might be getting desperate, so beware their hardcore pitches.
It’s pretty obvious that when times are tough, people stop going on vacation, and it’s especially hard to continue to pay for that vacation when you don’t get to use it. We’re not too keen on the same-place-every-year idea, but if we could score a cheap week in paradise, we might just get ready to write that check. Only make sure if you do bite, that you pay attention to the maintenance fees. Sometimes those fees ruin the deal that you think you’re getting, free 3-day cruise for attending the sales pitch or not.
· Vacation Timeshares Drop at Record Pace as Americans Cut Back [Bloomberg]
· How Do You Avoid Timeshare Pitches?
· Recession Travel coverage [Jaunted]