Market Spotlight: Timeshares – Forbes
Marriott International last month lowered its full-year revenue per available room growth target, while Starwood Hotels & Resorts in January projected revpar growth at same-store company operated hotels worldwide of 4 percent to 7 percent in 2008, down from 10. Wyndham Worldwide reported fourth-quarter vacation ownership revenue climbed 4 percent to $576 million, while Marriott said timeshare sales and service revenue rose 2 percent in the same quarter. Robert LaFleur, a gaming, lodging and leisure analyst for Susquehanna Financial Group, said in an interview that timeshares continue to be a very profitable business while also providing a way for companies to extend their brand. The content on this site, including news, quotes, data and other information, is provided by Thomson Financial News and its third party content providers for your personal information only, and neither Thomson Financial News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more
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