Are you a timeshare owner facing difficulties with availability or restrictions when trying to use your timeshare? In this blog post, we will delve into the three key reasons why timeshare owners are finding it increasingly challenging to make reservations. Additionally, we'll discuss why seeking the assistance of a timeshare lawyer may be necessary to navigate the complexities of canceling your timeshare ownership. Stay tuned to learn more about how these issues are impacting timeshare owners like yourself.
Making Inventory To The General Public
Timeshare resorts have increasingly turned to popular travel websites like Travelocity, Expedia, Airbnb, and hotels.com to rent out their inventory to the general public, bypassing the need for ownership. While this strategy has opened up new revenue streams for resorts, it has also led to a lack of availability and rampant overbooking, creating a dilemma for timeshare owners who find it increasingly challenging to utilize their rightful accommodations.
The consequences of this shift in rental practices have left many timeshare owners frustrated and struggling to access the properties they've invested in.
Timeshare resorts also use these websites to generate new prospects to use their properties to sell them timeshare memberships. However, this practice can lead to overbooking, leaving existing owners unable to make reservations during peak times. The influx of rented units can result in a situation where the resort is fully booked with non-owners, impacting the experience of those who have invested in the property.
This strategy is a double-edged sword, benefiting the resort through increased exposure and potential sales while causing frustration among loyal timeshare owners.
You're Required to give Notice 10 to 13 Months In Advance
Many timeshare owners are in for a rude awakening when they realize that a clause stipulating a 10 to 13-month notice requirement to use their desired property is buried deep within their purchase agreement. Contrary to the common understanding of a 30 to 60 days notice, this revelation leaves them frustrated and dismayed.
The lack of availability results in compromised choices and subpar facilities, leading to a growing sense of dissatisfaction among timeshare owners who expected better. It's a harsh reality check for those who thought they were investing in convenience and luxury.
Mathematically, owners are forced to pay 2 years of maintenance fees to use the timeshare. The average maintenance fee is $1,250.00 per year. This means if you have to make reservations 10 to 13 months in advance, you're paying $2,500.00 for a 7-day vacation.
Many people realize that renting timeshares directly through online agencies makes more financial sense without the inconvenience of restrictions, blackout dates, and lack of availability.
Timeshares Are Being Oversold
Timeshare resorts operate within the real estate industry rather than hospitality, focusing on selling memberships to generate revenue. Major developers like Wyndham, Hilton, Marriott, Westgate, and others boast large member bases exceeding 500,000 individuals.
With an average of $1,250.00 collected per timeshare owner in maintenance fees annually, these companies amass substantial profits exceeding $60 million per year from fees alone. The primary goal of timeshare resorts is to satisfy investors and shareholders rather than prioritizing the needs of individual timeshare owners.
Do you Need A Timeshare Lawyer To Help You?
Hiring a timeshare lawyer from Ross, Lynn, and Associates can be the key to successfully canceling your timeshare contract and seeking a refund for any money paid to the timeshare company. With 22 of the best timeshare lawyers in the U.S. on their team, you can benefit from their expertise in litigating, arbitrating, or negotiating a release from your contract.
These professionals understand the complexities of timeshare laws and can navigate the legal process to help you achieve a favorable outcome in your case.
Ready to cancel your timeshare contract and seek a refund? Our team of top timeshare cancellation attorneys at Ross, Lynn, and Associates is here to help. With 22 of the best timeshare attorneys in the U.S., they specialize in litigating, arbitrating, or negotiating your way out of your timeshare agreement. Take the first step towards freedom today. Contact us now! 561-359-0244
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