Browsing All posts tagged under »Business«

‘Ultimate Escapes’ Destination Club Files for Bankruptcy

October 19, 2010

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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

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    (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 […]