Record Number of Timeshares Change Focus from Buying to Renting

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A local Florida-based business moves from selling timeshares locally to renting timeshares nationally.

In a recent announcement, local Florida business owner Jason Hamilton announced that he will widen his timeshare company's scope to renting timeshares nationally.

According to Jason Hamilton, BuyATimeshare.compresident and co-owner, "We've sold to an international market but our customers are telling us renting timeshares is the way to go in 2008. Timeshare rentals generate positive cash flow for owners strengthening the value of timeshare properties," said Hamilton, "If people can get a good deal when buying a timeshare, and consistently rent it out, timeshares could actually be viewed as investments."

The American Resort Development Association, a Washington D.C.-based professional association representing the vacation ownership and resort development industries. They have reported that according to an Ernst & Young study in 2007, the number of new timeshare sales in the United States reached over $10 Billion in 2006. (ARDA, 11 June 2007) Ernst & Young, a professional firm specializing in financial reporting further reports, "… study respondents predict continued growth as they continue to build new resorts, including approximately 11,000 new units forecast for 2007 and firm commitments for approximately 47,000 new units in 2008 and beyond."

"The steady growth in timeshare sales shows us we're on the right track," Jason Hamilton stated. "Timeshare rentals are a virtually untapped monetary resource for timeshare owners; there are literally tens of thousands of unused timeshare units just waiting for a renter. We want to change the timeshare industry."

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Wes Kogelman
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