RCI Timeshare Exchange Calls it Their Commitment to China
Monday, August 17, 2009
RCI timeshare exchange (part of the Wyndham Worldwide and Wyndham Timeshare family of companies) has announced affiliation with six new resorts in China. With the addition of these six resorts, RCI timeshare exchange now includes 24 affiliate properties in China.
Geoff Ballotti, president and CEO, Group RCI timeshare exchange says, “Our growing presence in China is a clear indication of the confidence our members and developers have in the concept of vacation ownership and the recognition of RCI as their preferred partner of choice in delivering memorable experiences to more than 3.8 million RCI members around the globe.”
RCI Timeshare Exchange Adds Six Resorts
The six new resorts, all part of the RCI timeshare exchange network, include:
- Beijing BBMG BaDaLing Hot Spring Resort in Beijing.
- Sunshine Water World Resort in Xiaotangshan.
- LuGuHu Holiday Inn in Sichuan.
- Ramada Plaza Hotel Yantai in Yantai, Shandong.
- Ramada Hotel Wuxi in Wuxi.
- Zen International Hotel in Henan province.
Adrian Lee, managing director, RCI Asia explains, “These resorts represent an interesting cross-section of the unique and varied vacation experiences that China resorts have to offer. They will give our members a chance to experience the beauty of the Chinese landscape and culture, while enjoying a whole host of luxurious recreational facilities and services.”
Timeshare Resale Has a Global Market
China timeshare is an exciting concept. Many American’s idea of business in China is defined, at least in part, by the slice of life presented to the world during the Beijing Olympics last summer. According to the Chinese Ministry of Commerce, China attracted 5.36 billion US$ of actual FDI (foreign direct investment) last month. While it sounds like a staggering number, it represents a 35.7percent drop over the same month in 2008 and marks the tenth consecutive month where foreign direct investment has dropped. (source Wall Street Journal)
This is a good reminder that the global economy needs all its players; no country operates as an island anymore. And in the same way that there are economies eager to embrace US investment dollars, there are also emerging markets for timeshares, timeshare resale, and timeshare rental.
When you get ready to sell timeshare or rent timeshare, don’t gauge your perception of the market by only what is going on with US timeshare. There are thriving economies around the world and enthusiastic timeshare buyers and timeshare renters in places that only a few years ago we would have never expected to find them.
Group RCI media release on China timeshare exchange.