With Hotel Rates Set to Climb, Timeshare Resales Look Smarter Than Ever

Last week, American Express released their Global Business Travel Forecast for 2008. The good news for all of us is that the economy is sufficiently healthy to cause demand in business travel to exceed supply. The bad news is this means that fares for air travel, hotels, car rentals and corporate meeting and events will likely see an increase.

As Mike Streit, vice president and global leader for American Express Business Travel Advisory Services, explains, “Travel managers and procurement professionals can expect another capacity-restricted, challenging year and a continued push to keep travel and entertainment budgets in check.”

Wow, now that’s something to look forward to, isn’t it?

So here’s a summary of what the American Express study shows:

Projected Published Hotel Rate Increases for 2008 (source: American Express Global Business Travel Forecast)
Region Published Hotel Rates
  Mid-Range Properties Upper-Range Properties
North America 4 to 7 percent increase 5 to 8 percent increase
Europe 12 to 14 percent increase 12 to 14 percent increase
Asia- Pacific 18 to 22 percent increase 18 to 22 percent increase
Latin America and the Caribbean 8 to 12 percent increase 7 to 10 percent increase
Global Totals 11 to 14 percent increase 11 to 14 percent increase

You should also expect increased airfares, which are projected (in the US alone) to rise from 1 to 5 percent for economy class domestic flights and 5 to 10 percent for international business class. On top of that, car rental rates in the US are projected to increase by 2 to 4 percent.

Timing never looked better to buy timeshare resales or to take advantage of timeshare rentals. Hoteliers and timeshare developers recognize that consumers not only see the value in owning a timeshare, but prefer the typically more spacious accommodations a timeshare unit offers over a hotel room. With new timeshares being built at amazing rates, it is realistic for you to expect more timeshares-both new units and timeshare resales-on the market in the months ahead.

Let’s face it. There is very little you can do to stop price increases for hotel rooms and air fares, but you can lock in a great rate for accommodations, by purchasing timeshare resales today to enjoy for a lifetime.

Sell My Timeshare NOW is a leader in offering by-owner timeshare and timeshare resales, as well as timeshare rentals, at prices that will make you wonder why you ever paid hotel rates.