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Now that travel restrictions have surpassed the year mark, timeshare corporations are full steam ahead towards loss recuperation. After ignoring loyal paying vacation owners and laying off tenured employees, the industry now has their eyes on tax laws. In fact, a recent proposal by lobbyists in Florida suggests a different method be used for property appraisals in order to decrease the tax burden of major resorts in the region.

The Herald Tribune recently published a question-and-answer series that touched on the difficulties of escaping timeshare agreements. In the article, they describe how a widow was struggling to find a way to abandon a timeshare left by her late husband.

Now that timeshare companies are looking to maximize future earnings, the race for the biggest pool of aspiring travelers has begun. Since the beginning of 2021, we’ve already seen Wydham merge with Travel + Leisure and Marriott’s PR to acquire Welk Resorts – even while timeshare owners struggle. This past week, Mark Wang, the President and CEO of Hilton’s Grand Vacations (HGV), made an announcement of his own.

Despite the obvious travel limitations, it would have been good to see the department go into detail on consumer’s need to “reevaluate personal budgets”. The impact of COVID as a whole has been a setback for millions. While some people are bummed about their vacant vacation, many don’t even know how they’re going to put food on the table – after years of abundance.

Timeshare travel can be one of the most intriguing, yet confusing products in the tourist marketplace. This is because consumers rarely search for them but fall for them rather quickly. The idea of a discounted vacation is just too good to pass up for most. Up until recently..

In 2019, we published an article that covered the BBB’s constant efforts to diminish timeshare exit fraud in Southwest Missouri. Around the same time, the consumer driven platform also issued a warning about a local Springfield operation, Relief Solutions International LLC (RSI). Today, the entity is still a problem..

Before the nation was completely swept by travel restrictions and mask mandates, The Better Business Bureau (BBB) was already warning timeshare owners about potential scams. Now that a majority of timeshare sales teams have been let go, this threat is even more heightened. So let’s see what they had to say about it all..