A timeshare exchange is one of the great benefits of owning a timeshare. That’s why instead of getting out of their timeshares, many owners still hold on to their units despite the disadvantages brought by it. The concept of trading one locale for another is what a timeshare exchange is all about.
One of the companies that operate such kind of business is the Miami-based Interval International, the operating arm of Interval Leisure Group. But due to a tough economy, the way timeshare owners want to spend their vacations were affected badly. Thus, challenging the company to come up with new ways to boost trades.
Interval International is an affiliated exchange company that arranges vacation exchanges for timeshare owners. Their exchange network comprises of more than 2,200 resorts and nearly 2 million member families worldwide. According to Jon Fredricks of Welk Resorts based in California, in this economy, more people want to drive to their exchange, with less use of airlines. He thought that Interval has had to adjust to those changes alone.'
As the trends show, vacationers want the option of cruise lines and other themed travel. Also, shorter vacation breaks that don't require booking a year in advance. Flex systems adopted by many resort developers have also impacted the exchange practices. Last May, Interval debuted their ShortStay Exchange program wherein the gold members can deposit a week of their timeshare, or points, for one or more vacations lasting two to six days. Trading is also done online at IntervalWorld.com.
Getting rid of a timeshare is a common decision for many owners today. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid such property. However, some owners are still attracted to such property with the benefits of timeshare exchange. With the timeshare industry being challenged with this tough economy, timeshare exchange firms like Interval International has taken a proactive approach in adapting to new travel trends and enabling vacationers to take shorter breaks and stay closer to home.