This preview shows page 1. Sign up to view the full content.
Unformatted text preview: ve away Often repeat visits several times/year Resort Hotels
are the most common resort product The resort traveler is
relaxation an array of recreational activities an array of leisure activities Timeshares
The fastest growing segment of the hotel and resort market
Also referred to as:
–Condo hotels Timeshare is defined as
Timeshare “the right to accommodations at a vacation development for a specified period each year for a specified number of years or for perpetuity”. Timeshares
Timeshares Owners of timeshares purchase a time period, or fraction of a unit, in the resort Timeshare owners pay a yearly maintenance, management, and operation fee Many get exchanged through exchange companies Time Share Resorts
Time 90% are owned by independents Many major companies have entered this market – Marriott
– And others Condo-hotels
Condo-hotels Recently have become very popular with major hotel brands Buyer: sees a...
View Full Document
This note was uploaded on 11/07/2011 for the course HFT 1000 taught by Professor Dr.kharris during the Fall '10 term at FSU.
- Fall '10