The New King of the Timeshare Industry
While Marriott’s timeshare facilities may be beautiful and well-kept, timeshare owners are still overwhelmingly unsatisfied and angry at Marriott timeshare management, and it looks like things are about to get much worse. The timeshare program currently in place is under the umbrella of Marriott Vacation Club International, but that will soon end. Marriott is breaking out from under this umbrella, forming a stand-alone timeshare company that will, upon its creation, be the largest timeshare resort company in the world.
Good or Bad News for Timeshare Owners?
At first glance, this new timeshare titan looks like very ominous news. By focusing completely on timeshares, it is likely that many new timeshare owners will soon sign contracts and fall into the timeshare trap. However, this company will no longer be under the umbrella or Marriott Vacation Club International, which means a part of their legitimacy will evaporate. They still hold the name “Marriott,” so only time will tell how this major business development will affect the timeshare market.
If you own a Marriott timeshare, how do you feel about this impending business shift?