Timeshare Industry Impact on the US Economy

Headquartered in New Hampshire, BuyaTimeshare.com is among the fastest-growing privately held companies in the country. Boasting 16 years of industry experience, BuyaTimeshare.com is an online marketing company that accommodates more than a million visitors to its site annually through its efforts to bring timeshare owners and consumers together.

According to a recent study commissioned by the American Resort Development Association and conducted by Ernst & Young, the timeshare industry added over 79 billion dollars to the US economy in 2015 through business and consumer-related spending. This included over 500,000 jobs, more than 28 billion dollars in wages, and over 10 billion dollars in tax revenue. The timeshare industry’s economic impact goes beyond timeshare resorts to include corporate operations, resort renovations, new construction, and vacationers’ spending during timeshare stays (estimated to be 10 billion dollars in 2015).

In addition to the benefits seen in the private sector, the substantial tax contributions generated by the industry are a revenue source for the federal as well as local and state governments.

BuyaTimeshare.com’s Integrated Social Media and SEO Approach

The top-ranked timeshare advertising website, BuyaTimeshare.com provides online marketing services that generate real world rentals and sales. Matching owners and renters for the past 16 years, BuyaTimeshare.com has emphasized dedicated customer service that drives results. BuyaTimeshare.com enables owners to take control of the process, while providing a sales platform that reaches millions of timeshare seekers. BuyaTimeshare.com’s leading edge platform makes use of social media as well as traditional website ranking strategies.

In an October, 2015, Developments Magazine article “The Social Side,” company CEO Wes Kogelman discussed his company’s use of next generation marketing platforms. He noted that as communication by peer-to-peer social media has expanded in recent years, corporate blog viewership has declined. Consumers now have the option to communicate directly with thought leaders in a variety of fields and can often access sought-after information without waiting for a blog article.

As a result, BuyaTimeshare.com now inhabits many major social media platforms, from Facebook to Google+. At the end of the day, the ability to stay at the top of search engine rankings is still the defining factor in its advertising success. This requires an integrated approach, as robust search engine rankings depend on maintaining an active social media and blog presence.

BuyaTimeshare.com - Driving Sales Growth For HOA and Resorts

BuyaTimeshare.com is a well-established online company that facilitates “for sale by owner” timeshare rental and sales. With offices spanning New Hampshire and Florida, BuyaTimeshare.com offers dedicated advertising and marketing solutions that drive transactions. BuyaTimeshare.com promoted properties feature at the top of Bing and Google searches, which ensures access to many potential consumers.

One persistent industry issue for which BuyaTimeshare.com provides a solution is a lack of dues-paying members and owners. Over time, such a dearth can present a major cashflow problem for resorts and HOA. As associations raise maintenance fees to cover the costs, they often wind up seeing additional owners leave their properties.

As reported in Development Magazine, BuyaTimeshare.com CEO Wes Kogelman has helped generate new sales through an innovative referral program, which was initially rolled out for National Timeshare Owners Association members. The partner-tied approach involves the creation of a unique URL that presents a brand alliance and allows vacation owners to advertise their properties under the brand. This synergistic strategy offers owners the ability to present their property on the website as long as necessary, at an affordable monthly fee. The company also maintains a distinctive revenue-sharing program that strengthens ties with select resorts and HOAs.

BuyaTimeshare.com Offering Timeshare Resale Financing Opportunities

A timeshare resale advertiser, BuyaTimeshare.com has connected people to the vacations of their dreams for 16 years. To make it even easier to secure a timeshare, BuyaTimeshare.com recently entered into an agreement with resale purchase financing providers to offer direct links from its website. Buyers commonly struggle with lack of financing for the resale market, putting resellers at a competitive disadvantage since most vacation ownership developers provide their own financing options.

Now, however, buyers have viable options for making purchases on the secondary market and saving money. Resale buyers formerly used credit cards as a primary means of financing resales, but high interest rates makes this option unviable for most purchasers. Through the website’s new partnerships, individuals can now secure financing with fixed interest rates as low as 5.99 percent.

The two primary providers are First State Bank of Florida Keys, which offers financing for Florida and South Carolina resorts, and LightStream, a SunTrust Bank division that offers financing for timeshares across the world. Canadian buyers also have access to financing through Crelogix.

BuyaTimeshare.com Partners with Banks to Offer Financing Options

Focused on online timeshare property sales and rentals, BuyaTimeshare.com provides a host of advertising and marketing services. BuyaTimeshare.com is a longstanding member of the American Resort Development Association (ARDA). As reported in ARDA's Developments magazine, BuyaTimeshare.com entered into a June 2015 agreement to provide buyers with direct links to financing solutions from financial institutions for timeshare resale purchases.

The agreement meets a core need of buyers who have found lack of financing options to be a major impediment in acquiring timeshares on the secondary market. This move also levels the competitive disadvantage resellers traditionally experienced vis-a-vis vacation ownership developers, who have been able to offer financing through their resorts as a driver of sales.

Financial partners featured include the SunTrust Bank division LightStream, which works with prospective buyers worldwide. In addition, First State Bank of the Florida Keys offers financing to US residents for timeshares at specified resorts in Florida and South Carolina.

Online Timeshare Rentals as Traditional Sales Gateway

 

BuyaTimeshare.com is an Internet marketing and advertising firm that features quality resort properties spanning North America. The company effectively helps owners to reach purchasers through the prominent positioning of properties on major search engines, from Google to Bing. BuyaTimeshare.com also maintains strong connections with leading industry groups such as the American Resort Development Association (ARDA). BuyaTimeshare.com president and CEO Wesley Kogelman was featured in a June 2015, Developments magazine article titled “Ready to Rethink Timeshare Sales? Online Rentals Could Lead to Online Sales.”

While certain retail industries have shifted almost exclusively to the online sales sphere, a 2014 ARDA survey indicates that most timeshare purchasers still go through the traditional sales process of taking a tour of the property. That said, for many eventual purchasers, the path to ownership begins with renting a timeshare, which is often accomplished online. Kogelman emphasized that resorts and developers benefit significantly from rentals, which expose their product to potential buyers in a meaningful way.

The core question involves determining what can be done to make the actual timeshare sale more efficient and easy to complete online. Presently, the process is cumbersome because electronic signatures are not permissible in the United States for deeded transactions. For now, the first-time sale or resale requires an original signed and notarized deed for county records.