The timeshare industry
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The Timeshare Industry. Timeshare. A term used to describe the joint ownership of a resort property shared with others. AKA - Vacation Ownership Each “owner” owns a specific periods of time – usually by the week A timeshare can take on a variety of forms

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The Timeshare Industry

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The timeshare industry

The Timeshare Industry


Timeshare

Timeshare

  • A term used to describe the joint ownership of a resort property shared with others. AKA - Vacation Ownership

  • Each “owner” owns a specific periods of time – usually by the week

  • A timeshare can take on a variety of forms

    • Condominium, Hotels, Cabins, Cruise ships, Houseboats, Motor homes.

  • A timeshare can be bought, sold, or traded

  • Largest timeshare exchange companies: Resort Condominiums International (RCI) & Interval International (II)


Timeshare con

Timeshare (con.)

  • Timeshares began in the 1960 with families sharing vacation homes in the French Alps

  • The concept spread to North America in the 1970’s in the form of 7 day stays at resorts or condominium properties

  • About 5,100 timeshare resorts in 110 different countries

  • 6 million timeshare owners residing in 270 countries

  • Cost range from $7,800 to $85,000/week (average = $14,500/week)

  • Average owner is older, educated, and has higher income (e.g. baby boomers)


Mixed use

Mixed-Use

  • The scenario describes timeshare in a hotel environment

  • Mixed-use facilities have been soaring in popularity since the mid 1990s

  • Integrate golf courses, restaurants, swimming pools, etc. with a hotel and timeshare component to maximize returns

  • Marriott, Disney, Hyatt, Starwood, Four Seasons, Ritz-Carlton, and Hilton are companies adding the timeshare concept to their hotel businesses


Advantages of mixed use

Advantages of Mixed-Use

  • Leverage hotel brand names and create cross-utilization opportunities between traditional hotel products and timeshare services and products

  • Creates stability and profitability

    • Customers pay a sizable lump sum in advance

    • Customers pay an annual contribution

  • Less affected by a downturn in the economy than conventional resort hotels

  • Help lower marketing, operational, and development costs, and maximize the yield of the operation through shared assets and staff


Comparing timeshare ownership to hotel rental

Comparing Timeshare Ownership to Hotel Rental


Consumers benefits

Consumers’ Benefits

  • Have space and luxury of a resort villa or condominium apartment instead of a cramped hotel room

  • Exchange your timeshare for similar accommodations in desirable destinations all over the world

  • Have access to a lifetime of extraordinary vacation opportunities - pass your ownership on to family or friends

  • Customize vacations (time & place)


The bed and breakfast industry

The Bed-and-Breakfast Industry


Bed and breakfast b b

Bed-and-Breakfast (B&B)

B&B is a term for accommodations operated in

private homes or historic buildings with distinctive

rooms, where breakfast is usually the primary

meal provided by the innkeeper ~


Types of b b

Types of B&B

  • Home-Stay

    • Breakfast is the only meal served

    • 3 or fewer rooms

  • Bed-and-Breakfast

    • Breakfast is the only meal served

    • Owner is most likely the innkeeper and lives on site

    • 3 to 10 guest rooms

  • Country Inn / Bed-and-Breakfast Inn

    • Serve an evening meal in addition to breakfast

    • Many cases that the owner hires an innkeeper

    • 10 to 20 rooms

    • More services (e.g. weddings, small meetings, birthday party, etc.)


Size distribution of b bs and country inns

Size Distribution of B&Bs and Country Inns

Percentage of Total

Number of Rooms

1 to 4 guest rooms 33%

5 to 8 guest rooms 33%

9 to 12 guest rooms 14%13 to 20 guest rooms 11%

21 or more guest rooms 9%


B b facts

B&B Facts

  • Approximately 20,000 licensed B&B and country inns in the United States

  • Nearly 170,000 rooms

  • Financial Benefits

    • IRS allows B&B owners to deduct certain costs (water, sewer, electricity, mortgage interest, and real estate taxes)


Uniqueness of b b

Uniqueness of B&B

  • No one B&B is the same

    • Distinctive rooms – decorated according to an appropriate local theme

    • Romantic get-away, Historic buildings, Antique furniture, Ornate gardens, etc.

    • http://www.woodrowhouse.com/

  • Personal Touch

    • Homelike atmosphere

    • Experienced & knowledgeable innkeeper

      • Local attractions, events, restaurants, activities, etc.

      • Tour planning


B b industry statistics 2004

B&B Industry Statistics (2004)


Average occupancy rate 2000 2004

Average Occupancy Rate (2000 ~ 2004)


Average daily rate 2000 2004

Average Daily Rate (2000~2004)


B b websites

B&B Websites

  • Professional Association of Innkeepers International (PAII): the largest association of innkeeper professionals http://www.paii.org/

  • BedandBreakfast.com

    http://www.bedandbreakfast.com/Index.aspx

  • Historical & Hospitality Accommodation of Texas

    http://www.hat.org/


B b in taiwan

B&B in Taiwan


B b in taiwan1

B&B in Taiwan


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