Chapter 20 Resort Operations & Management

Is seeking seeking relaxation

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Unformatted text preview: ve away Often repeat visits several times/year Resort Hotels Resort are the most common resort product The resort traveler is seeking seeking relaxation an array of recreational activities an array of leisure activities Timeshares Timeshares The fastest growing segment of the hotel and resort market Also referred to as: –Vacation ownership –Vacation clubs –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 – Hilton – Intercontinental – Disney – Ramada – Holiday – And others Condo-hotels Condo-hotels Recently have become very popular with major hotel brands Buyer: sees a...
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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.

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