Despite the forecast that the timeshare industry is soon to bounce this year, some companies are still on their efforts of cost-cutting. One of such companies is the Wyndham Vacation Ownership that will close a call center in Margate this April to cut costs. This also results to the laying off of 83 employees. On the other hand, the recovering economy may have alleviated the plights of the timeshare companies but along with these is still the increasing number of owners who are getting out of their timeshares.
Wyndham Vacation Ownership is currently headquartered in Orlando, Florida and is the largest vacation ownership business in the world. This company includes a network of 140 properties, 20,000 individual units, and over 800,000 property owners.
Meanwhile, its call center functions from the Margate office will be consolidated at the company's Orlando headquarters. According to the company’s spokeswoman, the Margate employees will not be offered relocation packages but may be considered for jobs in Orlando if they move on their own. Last year, the said company announced layoffs of about 50 people at Palm-Aire resort and 20 at its Royal Vista property in Pompano Beach.
These days, although the economy already shows a slow recovery, there are still many owners trying to get rid of their timeshares. Some of them even hire a timeshare transfer company such as the Transfer Smart. These, with the small increase in sales force some timeshare companies to cut off some of their operations in certain areas like what the Wyndham Vacation Ownership is currently doing.