Despite the increasing number of owners trying to get out of their timeshares, the said industry is already showing a bounce-back pattern as some operators are expanding their properties this year. One of these companies is the Wyndham Worldwide Corp. which will unveil its big timeshare property at National Harbor in Prince George's County. This is also the only newly built property that the hotel company will open in 2010.
This 250-room Wyndham Vacation Resorts National Harbor opened to guests last January 15. That event was used to make a $25,000 donation to The Fishing School which is a nonprofit after-school program with community centers in the District. Meanwhile, Wyndham says the property which ranges from one bedroom to four bedroom units is more than 75% sold out.
However, the official grand opening is scheduled for February 5. The said Wyndham’s National Harbor timeshare property on the other hand, will have a $48.6 million economic impact on the said region. Moreover, it will fill hundreds of new jobs in the area. This Wyndham timeshare is their second property in Washington while there is also a Wyndham Vacation Resorts on King Street in Old Town Alexandria.
Timeshare ownership is considered a costly venture these days. Along with the increasing maintenance fees, there are also a number of other fees associated with it. No wonder why several owners try to get rid of their timeshares while some hire a timeshare transfer company such as the Transfer Smart. But despite these, timeshare operators like Wyndham are positive about the recovery of this industry this year as projected by some analysts.