Looking for Wealth? Build a Timeshare Resort in the UAE

According to information released by Wyndham Timeshares and Resorts, the United Arab Emirates is undoubtedly one of timeshare’s hottest markets. “It is expected that Middle Eastern residents will spend an estimated $1.2 billion a year on shared ownership properties by 2020…” says Wyndham timeshare in a recent media release.

The company makes it clear that the problems in the US economy will not create problems for Wyndham Worldwide, which not only owns Wyndham timeshare, but is the parent company for Group RCI timeshare exchange. And they credit much of their optimism to the sunny predictions specifically for Middle East timeshares.

Wyndham Timeshare CEO Speaks at Dubai Tourism Summit

Chairman and CEO of Wyndham Worldwide, Steve Holmes, is also the vice chair of the World Travel and Tourism Council. Holmes was part of the panel on “Travel and Tourism – It’s Good and Getting Better” that met this week during the Global Travel and Tourism Summit in Dubai. Holmes explains, “Travel and tourism continues to be a stable and growing industry around the globe… We have seen that when it comes to taking time off, people will adjust their travel plans to fit their budgets, but rarely cancel their vacations altogether.”

Wyndham timeshare’s position is that historically they have benefited from people tightening their wallets because many of the products they offer are in the mid-price and economy segment. Holmes sounds sympathetic but not empathetic when he says, “While we would like to see the US economy rebound, our company is well poised to succeed, even in this economic environment.”

Last week, The Timeshare Owners Blog reported on the partnership of Group RCI and Al Ghaith Holdings to operate timeshare exchange at the Bavaria Executive Suites timeshare resort. Two days ago we looked at Marriott timeshare announcing Marriott Vacation Club Dubai Festival City. If the predictions hold up, you can expect to continue to hear a lot of positive news about Dubai and United Arab Emirates timeshares in the months to come here on our blog.