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.
If you own a timeshare package, then you’re probably well aware of the smoothe-takers in the conference room. Sadly, many like you wish they would have just said “No.” While the presentation itself can be quite riveting, the experience rarely lives up to the hype. This is because timeshare companies pay cunning salespeople to persuade unsavvy consumers.
When you’re able to control the marketplace with prominent government figures, businesses and investors at your back, greed tends to steer the ship. Before the timeshare market dries up completely, those involved want to make sure they’re able to collect every last drop of potential profits.
The state of Colorado determined that Highlands Resorts and Todd Herrick “Intentionally deceived, misled and financially injured consumers.” But the purported deceitful operation didn’t act alone. The lawsuit states that Highlands Resorts paid third party telemarketers (that weren’t legally registered) to dishonestly undercut law-abiding competitors.
Uncovering the intentions behind most timeshare entities is quite difficult. Truth be told, it can be quite discouraging too. There is a lot of noise that overpowers the fact that buyers are suffering while timeshares are thriving. Last July, ARDA reported that the timeshare industry made $9.6 billion in 2017 – more than any previous year.
