Perspective Magazine Reports Timeshare Industry Expects Growth

A recent Resort Development Survey conducted earlier this month at ARDAWorld 2012, the American Resort Development Association’s Annual Convention & Exposition, revealed confidence by industry professionals in a rebounding vacation ownership industry.

According to Perspective Magazine, approximately 64 percent of timeshare professionals predict 2012 timeshare sales will be stronger than sales recorded in 2011. Likewise, 55 percent say consumer interest in timeshares is stronger today than it has been during the past three years.

Dean Graham, President, Capital One Bank’s Commercial and Specialty Finance Business, says, “The positive outlook we’re seeing in the timeshare market mirrors the increasing sense of optimism we’re seeing in other industries. In fact, the recent deals our team has closed, particularly in Q1, reflect strong demand for growth across the healthcare, security and defense, asset based lending and equipment leasing and finance industries.”

Jim Casey, Senior Vice President, Capital One Bank’s Commercial and Specialty Finance Business explains, “The Capital One Bank Vacation Ownership team helps developers capitalize on the anticipated growth in timeshare sales … With the industry’s renewed optimism comes a need to access capital, and our team addresses this issue by partnering with operators to provide financing solutions utilizing our strong balance sheet and industry expertise.”

A key takeaway here is that many lenders find specialty lending to be a strong growth tool for commercial banking in general. Specialty lending and specialty financing are relationship building tools that not only grow businesses and support industries but strengthen the economies of communities and even entire geographic regions.

To read this article in its entirety, go to: “Sixty-Four Percent of Vacation Ownership Industry Professionals Anticipate Growth in Timeshare Sales in 2012, Finds Capital One Bank” at PerspectiveMagazine.com.