Global Timeshare Market Expansion, Regulations, and Events
RCI, the largest vacation ownership exchange company in the world has been adding more and more member resorts in exotic locations which make more international exchanges possible for its members. To date, there are now 82 member resorts in India. The consumers are benefiting from the new and expanded choices. RCI has more than 4000 member resorts.
If you want to look at some of the developments in Asia, Africa, or the Mideast you can go to websites such as YouTube where savvy developers such as Absolute are showing footage of projects being developed. Gone are the days when all you could do was get on an airplane and check out the exotic places. Today, your vacation resort options are available for inspection right on your computer.
Resort Phuket
Vacationing has always been much more widely practiced in Europe then in the United States. US workers tend to do more working and less vacationing that our European counterparts. Statistically, Europeans have an average of 30 vacation days while here in the USA we average about 10 or 11 days of vacation. The Europeans living in big metropolitan cities will vacation to seaside locations in Europe, Asia, the Mideast, Africa, the Australian Continent, and across the pond to the United States.
People ask me if there are specific companies who are pushing forward on the international markets and making an impact on the market. Absolute is embracing Asia with offerings in Phukhet and Hong Kong.
In 2009, laws passed in the United Arab Emirates regulating vacation ownership and agreements were signed between developers and RCI pertaining to their exchange.
We are excited to say that there is a new Vacation Ownership Association of Southern Africa which is hosting a conference in Johannesburg, South Africa to discuss the changes in the industry laws. New to South Africa is the Zorgvliet Private Residence Club and their offerings of ownership in a luxurious river lodge on approximately 40,000 acres of privately owned Big Five Game Reserve, or of a vineyard and boutique hotel.
In London, the Fractional Summit was to help participants understand the emerging market in Europe.
For economic reasons, many who could afford to buy the entire vacation home are opting to purchase a portion of the property as a way to share the economic risk, cost, and maintenance expenses with others.
Many vacation ownership purchases in Asia, Africa, and Mideast locations may also include the use of other luxury assets and amenities during their stay. Consumers are opting for more access to luxury vehicles or other luxury transportation options such as yacht usage, boat docking, butler service, and even flight hours on a private jet. RCI has added two Malaysia luxury resorts as affiliates and they are the Country Villas waterfront homes and the Palace of the Golden Horses. The Palace of the Golden Horses and the Country Villas are located 20 to 30 minutes from Kuala Lumpur International Airport.
Millennium Resort, Patong Beach, Phuket, Thailand will host Asia's first shared ownership conference Oct 12-13, 2009 called the Alternative Ownership Conference Hotels and Resorts-Asia Pacific to help provide knowledge and understanding of this growing industry .
Paul Mattimoe, Editor of The Perspective Magazine, specializes in sharing with world the latest developments in the timeshare and fractional industries. His high-quality magazine publications cover trends in development, financing, and industry employment. The Perspective Magazines also provide industry updates online and global job listings.
Related : Phuket hotel & another area
