Originally Posted by
PHLGovFlyer
Interesting article in USAToday:
http://www.usatoday.com/travel/hotel...e-market_N.htm
Marriott International's time-share sales in its most recent quarter fell 13% to $306 million, and it warned that its time-share investment spending is expected to decline in 2009.
"Our time-share business has certainly been far more impacted by the current financial environment than our core lodging business," said chairman and CEO J.W. Marriott Jr. in a statement in the earnings report.
The rest of the article discusses how things are looking very bad for all the major timeshare outfits this year.
It certainly seems like Marriott picked a bad time to effectively eliminate one of their timeshare purchase incentives.
I wonder how the general downturn in the timeshare business will impact the secondary market. My guess is that if you want/need to unload a timeshare, it may be a good time to do so... then again, the market may actually make it a worse time if there is a flood of dumpers.