The past year has been a downturn for the timeshare industry following the economic meltdown. It was characterized by low sales and the many owners who are trying to get out from their timeshare contracts. But this year as predicted, the traditional timeshare companies are set to widen their purchasing options with fractional ownership products.
According to Fractional Life's predictions for 2010, it pointed to Seasons Holidays' sell out of its Forest Hills fractional development in Spain. It also expects other holiday ownership operators changing what they offer to see similar benefits into 2010. As the website projected, more whole-ownership operators will also begin to incorporate fractional options in 2010 as they will be forced to provide lower price points and alternative sales offerings. Fractional Life believes that 2010 will be difficult for whole ownership developers in Europe, the UAE and the US.
It also added that 2010 will likely be the year that fractional real estate agencies make their mark on the industry. On the other hand, some predictions for 2010 name some holidaying hotspots for this year which includes Jamaica, Iceland, Ireland and the Seychelles.
Timeshares are closely associated with high maintenance and other fees and because of these many owners want to get rid of their timeshares. Some of them even hire a timeshare transfer company such as the Transfer Smart. However, potential owners have something to watch out this year as there will be some purchasing options with fractional ownership products soon available in the market.