Timeshare Publication Founder, Paul Mattimoe, in an Exclusive Interview PART II

Timeshare Publication Founder, Paul Mattimoe, in an Exclusive Interview PART II

This is the second post in a three-part blog series with the President & CEO of Perspective International Ltd & Timeshare Staff Ltd, Paul Mattimoe.

Yesterday he shared with the Timeshare Authority (Part I) how he came to begin publishing the fast growing magazine, Timeshare Perspective. In today’s blog he shares exciting information about the company’s newest ventureOwners Perspective.

Q: So now we know what you already do Paul, please tell us about your new magazine for timeshare consumers?

A: Owners Perspective magazine is designed specifically for existing owners and prospective buyers and renters of timeshare, fractional, and shared ownership products. Based around the same principles of Perspective Magazine, it will be independent, global, informative, and entertaining and deliver essential guides and exclusive content to help the readers get the most out of their memberships.

Q: What motivated you to a separate publication for timeshare owners rather that just including more owner targeted articles and advertisements in your original publication?

A: When we noticed the rise in timeshare owners subscribing to Perspective Magazine we did wonder if we should add more relevant content for them too, then at the same time I was asked to speak at the Timeshare Association – Timeshare Owners Committees (TATOC) conference a few months ago, so I did a survey with the owners that read our B2B magazine and found out that they liked to read it because as “owners” they feel they are part of the industry, not just consumers; and frankly there really wasn’t anywhere else they could get good, independent information from. So at the TATOC event, I asked the attendees if they thought it would be a good idea to add content to Perspective Magazine and the majority agreed. However after much deliberation Sharon and I felt by extending the current magazine it would dilute its effectiveness so we decided that if there was a call for it, why not create a magazine just for owners – so we have.

Q: When is your launch date?

A: The exact date is not set but it will be between 1-8, July 2008, and all subscribers will be notified by email once it is available.

Q: Who will your readership be?

A: Our readership will be varied as we are covering every type of shared ownership in every region of the world, including vacation accommodation, leisure real estate, jets, boats, cars and more, but all readers will have something in common – the interest in high quality vacation and leisure products.

Q: Why do you think there is a need for this type of publication at this time?

A: Quite simply, the demand for one approached us, we didn’t seek it out, and from the minute we announced that we would produce a consumer magazine, the interest from owners, owner forums, and key industry players has been nothing short of phenomenal.

Q: Are you releasing any information on early subscription numbers yet?

A: Sure, we are a day or two away from exceeding 5,000 subscriptions so far and we have marketing deals in place with several leading companies to promote the magazine to their members, ensuring a fast start and sustainable growth. Plus if word of mouth works like it has for our other publication I think we will significantly exceed our original expectations.

Q: Can you give us a taste of what to expect in your new publication?

A: We will have a number of interactive features for the readers, which will grow over the first few months and around 35 travel writers at present who will be providing information and guides on the best places to visit, resort reviews, spas, experience holidays and much more. There will also be specific topics covered each edition, such as how to get the most out of a points system, or most popular destinations to buy a particular product, plus some amazing reader offers that we think will pleasantly surprise – but I don’t want to spoil anything by giving too much away just yet…

End of Part Two, of our three-part interview with Paul Mattimoe. Be sure you visit The Timeshare Authority tomorrow to read the rest of this interview. And use this link for your own free subscription to Owners Perspective: http://www.ownerperspective.com/free/

Exclusive Interview with Timeshare Publication CEO, Paul Mattimoe

Exclusive Interview with Timeshare Publication CEO, Paul Mattimoe

Free subscription to Owners Perspective.

This is the first post in a three-part blog series.

As you have already read in The Timeshare Authority, Perspective International’s first edition of their consumer publication, Owners Perspective, is due for release just a few weeks from now. Sell My Timeshare NOW is proud to be the Owners Perspective’s very first US marketing partner, helping build a subscription base for this exciting new publication. Owners Perspective will offer free online subscriptions to existing and prospective timeshare, fractional, and residence club owners, and we know this will be another top-notch, information-laden publication. We thought you’d like to know more about who is behind the magazine that everyone’s talking about.

The next three blog postings on The Timeshare Authority will give you an overview of the new Owners Perspective, as well as interesting information about Timeshare Perspective, the state of the timeshare industry, and the people behind these publications, all from our exclusive interview with Paul Mattimoe, President & CEO of Perspective International

Q: Paul, let’s start with Perspective International. Was your company founded with the intent of publishing timeshare magazines, or do you have other interests in the timeshare industry?

A: Actually I started in the timeshare industry in 1995 and over a 9 year period grew from sales executive to project director level, working for resorts throughout Europe, Thailand, and India. In the latter of those years, I was also responsible for the recruitment of staff to each project. Recruiting European staff to work in Thailand was time consuming and expensive, so I placed an advertisement online for staff. It didn’t really work too well, but it did produce some results, so I built my own website to attract the right kind of people – this worked better, so two years later, I chose to recruit full time and with the help of my now wife, Sharon, I created www.timesharestaff.com which will shortly be celebrating its fifth birthday. Now owned by one of our UK companies, (Timeshare Staff Ltd), this online recruitment service is used by the majority of hospitality brands and leading developers worldwide to recruit both new and experienced personnel at all levels.

Q: So when did you first begin publishing Perspective? And what prompted you…what need were you seeking to fill?

A: Well, Perspective Magazine started out as the Timeshare Staff Magazine back in November 2005, when we launched it as an extension to the recruitment website. Not all companies at that stage were convinced online recruiting was the future and were much happier with the tried and tested print advertising – so we gave them both, and to make it a little more interesting we ran a few resort reviews and a bit of industry news. After only a few months, developers were pushing us to run articles on them and because of this, it gradually grew into a different type of magazine. After careful consideration and even though it was not our area of expertise, at the end of 12 months we changed the name to Perspective Magazine. We purposefully concentrated on creating an independent business to business magazine where companies could use it for brand development and promotion of products and services as well as recruiting – nearly two years on since we changed the name, it is the most read independent B2B publication globally for the timeshare and shared ownership industry with more than 6,550 print subscribers and a further 10-12,000 online readers per month. It is also officially distributed to all delegates at 11 major industry conventions around the world each year as well as a number of other smaller events.

Q: You offer Perspective as an online publication; and you also offer it in print format. Unlike some magazines, however, you make your complete publication available online. Why have you made the decision to do this? How does it benefit you? And how does it benefit the reader?

A: We decided that our B2B publication would be predominantly advertiser funded; as a result the more people who read the publication, the better it is for the advertisers, better for us as the advertisers continue to use us, and better for the readers, as we can continue to provide useful information about the industry from an independent point of view, that they cannot get elsewhere. With this in mind we decided to make the full edition and all back issues available free of charge online and we are currently creating text versions of all back issues to use as an ever growing reference library for industry professionals also.

Q: What, if any, challenges does it present?

A: Our challenges of finding new content and attracting more advertisers are decreasing and becoming easier as time goes on, so I think with Perspective Magazine we have grown through many of the challenges, however we are just starting with Owners Perspective and our other products.

Q: What is your circulation?

A: Our current circulation is a little over 6,550 print subscribers; including readers from an impressive 79 countries / territories, and an average of 10-12,000 online readers per month. The online readership is always changing as a good proportion of it is sales and marketing staff looking for employment and with the nature of the industry, there is a relatively high turnover of staff. So as fast as we lose some, we gain more – hence the approximate figure which reflects only the number of current readers, not the total number of subscribers from day one which is much higher.

Q: Who is your target reader?

A: Our print subscribers are made up of predominantly middle to upper management across developers, marketers, and suppliers within the timeshare and shared ownership industry. Our online subscribers are much more varied with industry professionals of all levels and jobseekers not yet employed in the industry. Our publication is designed to educate developers about new products and services available to them; promote developers to suppliers and inspire anyone who works in the industry, keeping them up to date with the latest industry news and achievements. In many cases, our publication is also used to give examples to potential new members on the sales decks at resorts around the world.

Q: Why is your magazine growing so rapidly at this time?

A: People crave information, and although there are other great industry publications available, most are restricted by association, exchange company or membership database – ours is independent, can feature any resort, and review all industry conventions. Add to this, global content and we naturally are going to attract large numbers of subscribers. We have benefited a great deal from word of mouth via our readers, and so as our readership increases so does word of mouth allowing us to grow consistently and quickly. In just short of three years we have exceeded the circulation of all other independent B2B publications within the worldwide industry and yet we still feel that we are only at the beginning of what Perspective Magazine is capable of in terms of reach and content.

Q: What other publications/services do you offer to your readership?

A: We have the Perspective Buyers Guide , which is the largest database of suppliers to the industry; where we offer free listings helping them promote their products and services to developers and marketers, and the Timeshare Resort Guide, which we have just recently started and that offers free promotion of resorts to consumers and will be linked to our new consumer magazine, Owners Perspective.

End of Part One, of our three-part interview with Paul Mattimoe. Be sure you visit The Timeshare Authority tomorrow and the next day to read the rest of this interview. And use this link for your own free subscription to Owners Perspective: http://www.ownersperspective.com/free/

Biography:

Paul Mattimoe, president & CEO of Perspective International Ltd & Timeshare Staff Ltd, first entered the timeshare industry in 1995 as a sales executive and had a 9 year career in which he worked throughout Europe, Thailand, and India. He ended his sales career as Project Director to start his first company, Timeshare Staff Ltd, offering an alternative and cost effective recruitment solution to resort developers and marketers. In 2004, he also created Perspective International Ltd, which now produces the most read independent B2B publication in the industry, the largest directory of suppliers, a daily news site and now a consumer publication to help educate existing and prospective owners on how to get the best out of the shared ownership industry and their vacation time.

Sharon Mattimoe, chief operations officer of Perspective International Ltd & Timeshare Staff Ltd began her career in timeshare in 1994 and worked as a sales executive and sales manager in Europe, Mexico, Thailand, and India. Having met her now husband Paul in India, they embarked on setting up their two companies. Sharon’s main role is to oversee all advertising sales for both companies, ensuring the continual growth of their products.

Hilton Timeshares and Other Resorts Commit to Green Initiative

Hilton Timeshares and Other Resorts Commit to Green Initiative

Earlier this month, Hilton Hotels announced their global commitment to a green initiative. By 2014, the company plans to:

  • Reduce their worldwide energy consumption from direct operations by 20 percent.
  • Reduce their worldwide CO2 emissions by 20 percent.
  • Reduce their worldwide output of waste by 20 percent, and
  • Reduce their worldwide water consumption by 10 percent.

The Hilton company includes the Conrad Hotels & Resorts, Doubletree, Embassy Suites Hotels, Hampton Inn and Suites, Hilton Garden Inn, Hilton Grand Vacations (Hilton Timeshares), Homewood Suites by Hilton, and The Waldorf Astoria Collection.

Hilton is one of many timeshare and resort companies to publically step up and commit to doing their part to protect the environment.

What Are Other Environmentally Responsible Resorts and Timeshares Doing?

On our blog, The Timeshare Authority, we have already updated you about actions Marriott timeshare is taking to recycle more, decrease their carbon footprint, and use materials that are more eco-friendly.

Sell My Timeshare NOW recently attended the 2008 ARDA New England Regional Meeting in Portsmouth, NH, where Ray Sirois was the keynote speaker. Sirois, IT Director for Wright-Pierce, a civil engineering firm in Topsham, Maine, is one of approximately 2000 people worldwide trained to give the presentation about climate change that Al Gore gave in his documentary, “An Inconvenient Truth.” At the meeting, timeshare industry leaders discussed other green initiatives that many timeshare resorts have already started to implement.

Rauni Kew, director of marketing at the Inn by the Sea in Cape Elizabeth, Maine, explained the types of environmentally conscious programs they have put in place at their timeshare resort. Their efforts include:

  • Changes in policies affecting water use, such as ‘sheet and towel programs’ which some hotels and timeshare resorts have done on a limited basis for several years.
  • Environmentally conscious use of chemicals on golf courses, other landscape areas, and for cleaning and laundry use.
  • New policies regarding solid waste disposal.
  • Changing plants/gardens at timeshare resorts to more drought tolerant and disease and insect resistant plants, thereby reducing the amount of water needed for irrigation and the volume of chemicals used to keep the plants vibrant and healthy.
  • Using recycled sheetrock and studs in renovation and redevelopment at a timeshare resort.
  • Installing aerators on faucets to conserve water.
  • Providing soap bags for guests to take their soap home with them and reduce waste.
  • Implementing guest programs such as tree planting classes and scarecrow-making contests which are family-friendly, keep children active and are educational, highlighting recycling through reuse of existing materials.

The timeshare industry is like every other industry in today’s world. We all have to step up and acknowledge that everyone – this means you, me, and the companies we work for – have to learn to reuse, recycle, and replenish. We have to lead by example and we have be individually accountable. And really, it is sad that it has taken gas rising to $4 plus a gallon to wake up so many people/companies/ and industries to their responsibility.

This Man Owns 100 Timeshare Weeks

This Man Owns 100 Timeshare Weeks

According to an article that appeared this week in Boston.com, Steve Shermoen plans to spend his retirement years traveling the world and staying in timeshare resorts. Shermoen, an attorney from International Falls, MN, says he owns about 100 timeshare weeks, bought with an eye on his retirement.

Tom Kelly, author of the article, explains, “A growing number of entrepreneurs with an exceptional grasp of timeshare purchasing, closing and selling have begun to acquire inexpensive weeks at upscale resorts via resale channels, which they then rent out weekly or on a per-night rate comparable to what a nice hotel would charge.”

Using some of his timeshares weeks as timeshare rentals is part of Shermoen’s plan. But he clearly understands the importance of buying timeshare resales rather than buying timeshare from the developer. Shermoen says, “You cannot make the rental concept work if you buy directly from the developer. You have to be sure of what you are buying and purchase only on the resale market. The cost from the developer simply is too high for it to become a rental that will pencil out.”

Here is the advice Shermoen offered for picking up great deals on timeshare resales:

  • Look for timeshare owners who may be desperate to sell because of unexpected circumstances, such as job loss, divorce, or a death in the family.
  • Stick to big name brands, such Marriott timeshare, Hyatt timeshare, and Hilton timeshare.
  • Look for timeshare resales during the time of year when annual fees are announced for the next year.
  • And for Shermoen, who happens to be an attorney, he offers to provide timeshare closing at a discounted fee.

Okay, but suppose you are not an attorney, you are not in the market for 100 timeshare weeks, and you want a good deal, but you are not willing to read the obituaries looking for desperate timeshare sellers?

The article, which is titled, “Despite Economy, Timeshares Drum Up Big Business,” suggests looking for points based timeshare ownership.

The Good Things about Timeshare Points

Points based timeshare, as the Boston.com article correctly points out, offers flexibility. While some interval based timeshare ownership allows you to break up your time into segments of less than one week, almost all points based timeshare lets you choose whether you use it one night at a time, or in blocks of consecutive days.

Once timeshare becomes lodging you can schedule as you would a hotel stay, it suddenly becomes something you use not just for vacations, but for family reunions, long weekends, weddings, and as a day by day rental.

On the other hand, the article also brings to light a downside about timeshare points. Points are like dollars, they represent a spending value that can be used for timeshare and other vacation related expenses, like air travel and cruises. But like the dollar, the value of your points can go down, depending upon how many timeshare points overall a resort issues.

If you are planning, like the attorney mentioned in this article, to use some of your timeshare weeks in future years (possibly renting the timeshare weeks you are not using), you need to understand how the fluctuation of timeshare points could affect you. The number of points it takes to “buy” a timeshare week today, may not be sufficient to “buy” a full week by the time you retire.

No choice is perfect. There are positives and negatives about buying a vacation home, buying timeshare, renting timeshare, or staying at home and never taking a vacation. But as Steve Shermoen figured out, buying timeshare the right way, at the right price, can turn out to be a very good plan. Just do your homework first!