US Economy Not the Reason Behind Timeshare Owners Selling
Thursday, March 6, 2008
At Sell My Timeshare NOW, we recently completed a study on the reasons motivating people to sell timeshare they currently own. Looking closely at the key indicators, we concluded that the slow US economy does not figure as prominently among the reasons people sell timeshare as you might expect.
Our research involved nearly 1000 timeshare owners, all of whom had expressed a desire to sell timeshare they currently own as deeded property, right to use property, or vacation club membership weeks. We ran the survey for more than four months, and our demographic included a cross section of timeshare owners.
Why Timeshare Owners Decide to Sell Timeshare
On March 5, Sell My Timeshare NOW issued a press release on the findings of our timeshare owner survey. Our research revealed that 28.5 percent of the timeshare owners surveyed say: they just don’t use their timeshare anymore. Another 21.4 percent say they have experienced a change in their family situation, such as a divorce or their children no longer vacation with them, which motivates them to sell timeshare. In other words, lifestyle changes account for the reason almost half of all timeshare sellers decide to sell timeshare weeks or vacation club memberships.
Happy Timeshare Owners
While we all hear the grumblings of unhappy timeshare owners, maybe that’s a case of the “squeaky wheel” getting the attention…the majority of timeshare owners seem to just be busy planning and enjoying timeshare vacations.
Statistics from ARDA (the American Resort Development Association) have consistently shown a high rate of satisfaction among timeshare owners. Nearly 85 percent of all timeshare owners ARDA surveyed say they are satisfied with their timeshare purchase. Our study, at Sell My Timeshare NOW, expands on this information, showing that among people who are ready to sell timeshare, less than one percent are doing so because they do not like the resort or the amenities. Additionally only 4.6 percent sell timeshare because they feel it is too difficult to exchange timeshare for other dates or other locations.
Click here, to read the media release on the Sell My Timeshare NOW study or here to go to the Sell My Timeshare website and learn more about the opportunities in timeshare resales and timeshare rentals.