New Spinoff Company Will Be Largest Timeshare Business on Earth
Marriott Timeshare News
Marriott has a very long history in the timeshare business, and they have become quite notorious for business practices that cast a long shadow over their beautiful facilities and pristine vacation locations. Marriott hotels have earned a reputation as some of the nicest destinations and facilities in the world, and this success has spilled over to the timeshare industry. While the former reputation was earned, the latter is a result of the great legitimacy that Marriott built with its rise to power in the hotel industry.
Because prospective timeshare owners know that the Marriott name is synonymous with quality and credibility, there is a much greater chance that someone attending a timeshare presentation will blindly sign a Marriott contract. This is easy to understand, for Marriott is not a shady independent timeshare company that needs to scam you out of your hard-earned money. Marriott is a global business with massive influence and a much greater chance of providing a fair deal. Unfortunately, Marriott uses this to their advantage, and this increased legitimacy has meant disaster for many timeshare owners.
Marriott timeshare reviews tell the long story of fraud, misrepresentation, and deceit. While Marriott timeshares are often beautiful and located in premium destinations, timeshare owners are still burdened by unbreakable contracts filled with stipulations that benefit Marriott at the expense of the timeshare owner. Hidden fees, large annual payments, and maintenance fees are astronomical, and are often much higher than other timeshare contracts because the timeshare units themselves are high-quality. However, this quality will deteriorate over the years while costs will likely increase. Furthermore, many Marriott timeshare reviewers complain of an inability to book a timeshare reservation for their own timeshare. This is expressly written into the contract, and many timeshare owners find that the units are in such high demand that they are unable to use their timeshare in any given year.
Because prospective timeshare owners know that the Marriott name is synonymous with quality and credibility, there is a much greater chance that someone attending a timeshare presentation will blindly sign a Marriott contract. This is easy to understand, for Marriott is not a shady independent timeshare company that needs to scam you out of your hard-earned money. Marriott is a global business with massive influence and a much greater chance of providing a fair deal. Unfortunately, Marriott uses this to their advantage, and this increased legitimacy has meant disaster for many timeshare owners.
Marriott timeshare reviews tell the long story of fraud, misrepresentation, and deceit. While Marriott timeshares are often beautiful and located in premium destinations, timeshare owners are still burdened by unbreakable contracts filled with stipulations that benefit Marriott at the expense of the timeshare owner. Hidden fees, large annual payments, and maintenance fees are astronomical, and are often much higher than other timeshare contracts because the timeshare units themselves are high-quality. However, this quality will deteriorate over the years while costs will likely increase. Furthermore, many Marriott timeshare reviewers complain of an inability to book a timeshare reservation for their own timeshare. This is expressly written into the contract, and many timeshare owners find that the units are in such high demand that they are unable to use their timeshare in any given year.
The “New” Marriott Timeshare Company
Thus far, Marriott timeshares have been under the umbrella corporation of Marriott Vacation Club International. The same company that owns Marriott hotels manages the timeshare aspect of their massive business. However, within the coming months, the Marriott timeshare business will become its own entity, and will immediately be the largest stand-alone timeshare company in the world. This may seem like a titanic shift in philosophy, but, in reality, very little will likely change at first. Day to day operations of Marriott timeshares will likely remain unaffected by the new company, and shareholders will maintain a similar ownership of their business interests in the future.
So what does this new company mean? It is very difficult to tell at the moment, but the timeshare industry will likely look quite different. As Marriott becomes the stand alone king of the timeshare business, all other timeshare companies will be compared to them. This sets the bar pretty high, as Marriott timeshares are top-end quality. This may mean that more customers flock to Marriott timeshares, but it may also have the opposite effect. Since much of the credibility of timeshares comes from the quality hotel business, this breaking off from Vacation Club International may cause potential timeshare owners to rethink the legitimacy of Marriott timeshares. This developments remain to be seen, but this earth-shifting business venture will undoubtedly shape the timeshare industry moving forward.
So what does this new company mean? It is very difficult to tell at the moment, but the timeshare industry will likely look quite different. As Marriott becomes the stand alone king of the timeshare business, all other timeshare companies will be compared to them. This sets the bar pretty high, as Marriott timeshares are top-end quality. This may mean that more customers flock to Marriott timeshares, but it may also have the opposite effect. Since much of the credibility of timeshares comes from the quality hotel business, this breaking off from Vacation Club International may cause potential timeshare owners to rethink the legitimacy of Marriott timeshares. This developments remain to be seen, but this earth-shifting business venture will undoubtedly shape the timeshare industry moving forward.
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