Companies warn of growing problems in timeshare business - International Herald Tribune

On Monday Wyndham Worldwide announced it was restructuring its timeshare business and cutting back on new timeshare developments. In a public statement, the company said it will “refocus its sales and marketing efforts on consumers with higher credit quality” and look for ways to “enhance the cash flow” of the timeshare business. Wyndham’s announcement came just a few days after industry bellwether Marriott International reported timeshare contract sales fell 13 percent in the recent quarter. In addition to credit issues, Marriott’s timeshare business was impacted by “the increasingly negative perceptions of residential real estate,” the company reported in a public filing. read more

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