Cape Cod Times – February 14, 2010
Budget Travel: Worldwide timeshare crisis under way during recessionWhen you buy a timeshare (a travel device guaranteeing a week or more at a resort hotel), you pay not simply a purchase price but a yearly maintenance fee needed to keep the property up and running
USA Today – January 18, 2010
Many fed-up time share owners are stuck trying to sellFor Stacey Udell, a Craigslist ad enticing her to own a piece of property in the Bahamas for $3,000 was too good to pass up…
Miami Herald- March 24, 2010
Timeshare resales run into troubleIt’s hardly paradise for people selling their timeshares as complaints about resale companies are increasing.
My Florida Legal – March 11, 2010
Attorney General Focuses Consumer Protection Initiative on Timeshare Resale IndustryTALLAHASSEE, FL – In continuing recognition of National Consumer Protection Week, Attorney General Bill McCollum today announced he is tackling growing abuses in the timeshare resale industry.
Wall Street Journal (blog) – Kris Hudson – Feb 4, 2010
Starwood Takes Its Lumps in Time-SharesThe time-share industry has been shrinking since the latest recession began. But only now are we seeing the full extent of the pullback among …
Catskill Daily Mail – Colin DeVries – Feb 3, 2010
Friar Tuck timeshare owners left in suspenseALBANY — Friar Tuck Inn timeshare holders are waiting with bated breath on the future of their costly investments at the embattled Catskill …
NTV – Feb 2, 2010
Consumer Loses Thousands to Florida Listing CompanySome timeshare owners are interested in selling their timeshares so they can recoup their investment and stop paying maintenance fees. …
NorthJersey.com – Jan 27, 2010
Timeshare industry hit hard by recessionThe recession has been particularly tough on the timeshare business. Sales are down; defaults are up. Resort development has come to a standstill, …
Courthouse News Service- December 3, 2009
Timeshare Was a Snow Job, Man SaysHe demands $47596.83 in damages for fraud, to cover the cost and fees of the timeshare. Alternatively, he wants the contract to be rescinded…
PALM BEACH POST- October 30, 2009
CONSUMER ALERT: Don’t believe timeshare sellers’ promisesBy SUSAN SALISBURY Timeshare sales are down, but the number of fraud cases in the murky world of timeshare marketers is growing..
ACTION 9- October 14, 2009
Timeshare Confusion Costs Woman Money”SALISBURY, NC — Shelby Josey owns a vacation timeshare condo at the Myrtle Beach Wyndham Resort. In August, she attended a meeting at Wyndham to buy more …
BNET- October 10, 2009
Marriott’s $466M Timeshare Loss”Our timeshare business looks forward to a stronger economy,” he said. “I took issue with the whole timeshare debacle,” said Bryan Maher, managing director …
Property Wire- October 1, 2009
Timeshare property sales dive in US as they are no longer seen as a good buyProperty timeshare purchases in the US have fallen the most this year since the industry first became popular in the 1970s as buyers desert the sector. …
CoStar Group- September 30, 2009
Timeshares’ Time Running Out at MarriottCHICAGO — Marriott International Inc. lost $466 million in its third quarter on hefty impairment charges from its timeshare business, which has declined …
Bloomberg- September 29, 2009
Vacation Timeshares Drop at Record Pace as Americans Cut BackUS vacation timeshare sales may fall the most this year since the industry gained popularity in the 1970s as consumers forego spending to …
Orlando Sentinel- August 6, 2009
Disney takes on more risk to preserve time-share bank dealWith a growing number of time-share buyers defaulting on their loans, the Walt Disney Co. recently assumed more than $200 million in additional liability to…
Jackson Hole Daily- August 3, 2009
No bids for timeshares at foreclosure auctionOwners of the timeshares owed between $2,955 and $5,171 for the individual portions. Since January, no individual has submitted any bids on foreclosed…
KSAT.com- July 30, 2009
Free Vacation Turns CostlyShe said the woman represented herself as being from Summer Bay Resorts and said she was calling to offer Gonzalez a free vacation…
NASDAQ- July 30, 2009
Wyndham 2Q Profit Falls 28% As Sales, Yields Tumble(WYN) second-quarter earnings fell 28% as a leisure and business travel slump continued to take a toll on the company’s hotel and timeshare businesses…
Las Vegas Review – Journal- July 21, 2009
Lost Credit Line Said to Spur Company’s ClosureConsolidated Resorts, a Las Vegas time-share company that filed for bankruptcy earlier this month, was forced to close when a key …
wftv.com- July 20, 2009
Man Says Resort Fined Him $4000 Over His ShirtA Central Florida timeshare owner says he’s been fined $4000 over a t-shirt. Ray Nix was upset with an extra charge to move his vacation from Westgate…
Olive Press- July 15, 2009
Timeshare Conman ConvictedCOSTA del Sol-based timeshare conman Garry Leigh has been convicted of 11 counts of fraud. The seasoned fraudster, who has a string of shady companies along…
Coco Zickos- July 15, 2009
Hanalei Resort Speaks Out HANALEI — In the management battle brewing over a picturesque location on the North Shore, condo owners have drawn their weapons while Hanalei Bay Resort’s management company pulls out its shield.
wftv.com- July 13, 2009
Timeshares Want To Borrow Taxpayer Money CENTRAL FLORIDA, Fla. — It’s hard to get a loan for a new home and for a timeshare it’s nearly impossible. As a result, the industry wants to borrow taxpayers’ money to fulfill those loans and get business moving.
Winter Park Examiner- Rex Thomas, July 10, 2009
The Decline and Fall of TimeshareLike a bad movie, the plotline for timeshare keeps getting more and more unlikely. In the current economy, sales have dwindled to almost nothing, loans to buyers are at a higher default rate than expected, and Consolidated Resorts, Inc., a Las Vegas timeshare developer, announced filing for bankruptcy yesterday.
examiner.com- July 10, 2009
Renting Timeshares for your Orlando VacationsA great alternative to staying at a hotel is renting a timeshare for your next vacation week. Most are centrally located, affordable, and come complete with all the comforts of home.
msnbc.com- July 8, 2009
Hotel and Timeshare Shown in ‘Hawaii Five-O’ Shutting DownHONOLULU – The new owner of an iconic Waikiki property that was featured in the opening title shot of the 1970s TV series “Hawaii Five-0″ said Tuesday it plans to cease operations of the building’s Ilikai hotel in two days.
wnct.com- July 7, 2009
Attorney General Bans Timeshare Telemarketers from NCAttorney General Roy Cooper has won a battle against a Florida telemarketer who was making a phony pitch.Cooper says Premier Timeshare Vacations, Inc., also known as Paradise Marketing Group, has been calling people in North Carolina who are looking to sell their timeshares.
forbes.com- February 14, 2009
Red Ink For Wyndham Vacation OwnershipEveryone is cutting expenses where they can amid the economic downturn, and for many consumers and businesses, that means staying home in lieu of business trips and leisure travel. For Wyndham Worldwide, the result is a sea of red ink.
Orlando Sentinel- October 28, 2008
Timeshare Industry Seeks ReliefThe nation’s leading time-share trade group is suggesting it revive an old practice to thaw the industry’s piece of the frozen credit markets.
Orlando Business Journal- October 17, 2008
Ed Hastry, president of the National Timeshare Owners Association, says the timeshare industry is in its worst shape in 20 years.