Browsing All posts tagged under »Business«

‘Ultimate Escapes’ Destination Club Files for Bankruptcy

October 19, 2010


Ultimate Escapes, one of the largest luxury destination clubs in the world, filed for bankruptcy last week, the latest blow to the struggling residence exchange industry. In a court filing, Florida-based Ultimate listed assets of $10 million to $50 million and debts ranging from $100 million to $500 million. Earlier this month chief executive Jim […]

Significant Pent-Up Demand Bodes Well for Timeshare Developers

October 7, 2010


    (ORLANDO, FL) — Nearly seven in 10 leisure travelers who are familiar with the concept of shared ownership seek vacation experiences that offer alternative accommodations, such as vacation homes, condominiums, and condo-resorts. Moreover, 68 percent have an interest to stay at a condominium-style resort during the next two years.  Those are just two […]