When you think about it, nearly all of us long for a vacation. The stagnancy that comes from a routine is hard to ignore. Because of this, most of us are highly intrigued by “affordable” opportunities to get away. For more than half a century now, timeshare companies have been taking advantage of this desire to travel.
Our world is stuck in a time of despair. Since the wake of the Coronavirus, people’s livelihoods have been turned upside down. Local shops and businesses have been forced to close their doors and millions of Americans are living on pennies. Casualties have become eager to voice injustice.
The Coronavirus has created quite the stir in the travel industry since March. While millions of travelers have been inconvenienced, none should be more disturbed than the timeshare owner. Some have been paying thousands of dollars to their respective resorts for decades now – only to be left without answers and a financial option for relief.
The simple fact that predatory agencies have an ability to target and communicate with most timeshare owners at any given point in time is concerning to say the least. Online promotions and ads for timeshare relief can be extremely luring for unhappy owners. Especially when they’re desperate for a way to escape their timeshare agreement.
In the timeshare industry, truth can sometimes be scarce. The problem is, not many vacation owners notice until it’s too late. There are hundreds of websites out there that serve millions of misleading advertisements geared towards timeshare owners.
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.
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.
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.
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.
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.
