Examines how the timeshare concept has grown and matured over the past four decades.
Written in 2006; 1,558 words; 6 sources; MLA; $ 51.95
Paper Summary:
The era of four decades of an industry plagued with images of overly aggressive sales people, high-pressured sales tactics, schemes and unforeseen bankruptcies resulting in the loss of investment is over. This paper shows that industry experts have seen an unprecedented turn around in public opinion and industry practices in response to a positive marketing campaign, industry regulations and the integration of major hotel company brand affiliations among its ranks. This coincides with a booming U.S. economy, which boasts tourism as the third largest retail sales industry in the nation. This paper shows how timeshare has finally matured from infancy to adolescence with promises of gaining fast ground in the $1.38 billion a day industry of tourism.
From the Paper:
"Estimating the value is based on how many years one plans to continue vacationing. A 40 year old person who reasonably expects to vacation for the next 30 years would divide the investment amount by 30 and arrive at a yearly average of $350. This figure becomes increasingly attractive when divided by 7 nights ($50.). Based on 4 individuals occupying the unit a daily rate per person of $12.50 is obtained. Since a timeshare is a one-time purchase, the price is frozen thereby eliminating future price increases and inflation."
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