Now that this pandemic has reached a point of no return, the general public has started to prepare for the aftermath of an economic crisis. Although timeshare companies were rather quiet during the first few weeks of the nation-wide quarantine, they’ve been adamantly working behind the scenes on a plan to sustain their business model.
In the beginning stages of the Coronavirus outbreak, Americans weren’t too worried by the idea of a pandemic. Mixed signals from the media, governments and health organizations didn’t help. Once New York was bombarded with new cases, people started to take notice.
Social distancing has been a worldwide phenomenon for more than a month now. Billions of people are grounded, waiting on government aid to revitalize their hope. Now that the Coronavirus has everyone’s attention, certain expenses are being looked at through a different lens – and decisions are being made to a different tune.
For more than a month, the entire country has been patiently waiting for the Coronavirus to run its course. As more time passes, restlessness increases. While it may be difficult to know what the aftermath of the pandemic will bring for timeshare owners, it’s safe to say resorts are hoping things return to normal sooner than later.
Over the past few weeks, we’ve been talking a lot about the realities and possibilities of vacation ownership during a global pandemic. As we head into month two of our country’s attempt to slow the spread of the coronavirus, it’s becoming more apparent this isn’t going to be a temporary thing.
No matter where you’re surfing online, it’s nearly impossible to avoid any type of news about the coronavirus disease. Some people want stay at home orders in place while others demand that the government reopen the economy. While a few businesses may be thriving during the pandemic, many industries are losing millions of dollars daily.
Over the past few weeks, we’ve been sharing a few hypothetical situations that vacation owners should most certainly consider. While it’s still difficult to tell when travel bans will be lifted or the economy will reopen, it’s safe to say that the hospitality industry will incur quite a bit of loss.
Ever since the Coronavirus began wreaking havoc on Americans and the U.S. economy, timeshare owners have been patiently awaiting resolve from the resort. If you’ve been following along in recent weeks, we’ve been rather critical of the industry’s lack of action in the midst of a pandemic. Mostly because of the direct inconvenience it’s caused for those that were eager to vacation this year.
A global pandemic isn’t exactly something you can anticipate or really even prepare for. Within weeks, each of our lives have been altered in some way shape or form. No matter how social you were before, we’re all getting used to the disappearance of familiar faces and places.
As the world faces a number of challenges due to a global pandemic, our nation is doing its best to protect its citizens. From stay at home orders to business closings and travel bans, much has been done with a preventative mindset.
Although it may be difficult to make a timeshare payment right now, facing reality can help you avoid a number of devastating outcomes. At some point, the resort has to acknowledge the aftermath of a pandemic. Staying in communication with them is the best thing you can do – even if making payments isn’t an option.
It’s safe to say the elderly population is one of the most highly targeted demographics by many sales organizations across the world. Aside from living
Owning a timeshare during this COVID-19 outbreak can be a tough pill to swallow. Especially if you’ve yet to use your weekly interval. Aside from the closing of several resorts, travel restrictions are now in place. But for some, using the timeshare while they still can is a priority. You might even be in the middle of your vacation right now.
Those that purchase a timeshare unit for the first time rarely think about an eventual need to escape the binding agreement. Thomas and Huguette Game learned this the hard way when medical conditions halted their ability to travel in 2014.
As we enter a time in history that most have never seen before, luxury items tend to lose their luster. Although the closing of restaurants and local entertainment venues forces us to avoid indulgence, we’re also forced to look at our expenses. When it’s difficult to obtain basic needs like food, water, milk and toilet paper – our priorities shift tremendously.
