ARDA Insights Blog                                                                                                                                                                                                                                                                                                                                      

Love Working in Travel & Tourism? You Could Win a Cash Prize from the World Travel & Tourism Council

(Initiatives and Trends, International) Permanent link

Love Working in Travel & Tourism? You Could Win a Cash Prize from the World Travel & Tourism Council 

May 30, 2014 

Love Working in Travel & Tourism? You Could Win a Cash Prize from the World Travel & Tourism Council

Travel and tourism is one of the world’s largest industries, supporting 260 million jobs and generating 9 percent of the world’s GDP—yet the perception held by many outside the industry is that it is a short-term career move rather than one that offers professional longevity.  

New research from the World Travel & Tourism Council (WTTC), a forum of business leaders in the travel & tourism industry, shows that companies today are missing out on the best new talent amongst graduates due to negative perceptions of a career in the industry. In fact, travel & tourism holds opportunities for job creation to address youth unemployment and gender inequality issues faced by countries around the world. The research findings also show that the industry employs a higher percentage of young people and women compared to the global workforce as a whole.

However, serious challenges have been identified when it comes to the understanding and profile of the sector amongst undergraduates. In an effort to combat those perceptions, the WTTC is launching a campaign to demonstrate the career opportunities available in the industry.

Anyone who works in travel & tourism can participate by creating a 15-second video to explain why they love working in the industry and answering one of these questions:

  1. How or why did you decide to start a career in the travel & tourism industry?
  2. Who has been most influential to you in your travel & tourism career?
  3. Why would you recommend a career in travel & tourism to someone?
  4. What was the most interesting or challenging moment in your travel & tourism career?

Then, upload your video to Instagram, tag @WTandTC, and hashtag #TourismMatters for a chance to win a prize—that’s it! WTTC will award a first-place prize of $1,000 and runner-up prizes of $500 and $250 to spend on a travel event of the winner’s choosing. The deadline to enter the contest is Monday, June 30, so act fast! 

For more details about the campaign, check out the WTTC’S YouTube video, or visit their site for the contest terms and conditions. Good luck! 

 

Asia’s Emerging Market

(International, Developments Magazine, Guest Blogger) Permanent link

Asia’s Emerging Market 

By Annemarie Valli, Wyndham Exchange & Rentals
ARDA Guest Blogger
April 22, 2014 

Asia's Emerging Market 

Timing is everything—and being the first to deliver new and exclusive vacation experiences to consumers is invaluable. Today, Asia represents one of the world’s largest growth markets for tourism and leisure. 

Given the sheer size and demographic of the region, its timeshare market is primed to experience incredible growth levels over the next 10 years. Several factors—including a growing and prosperous middle class, shifting consumer preferences and attitudes toward vacationing, and the elimination of currency controls—are all contributing to this region’s fantastic future development.

Forecasts designate China, India, Indonesia, Vietnam, Thailand, and Malaysia to host 64 percent of the global middle class, and account for 40 percent of global middle class consumption by 2030—a huge opportunity!

Asia’s estimated average household income boom, combined with a steady increase in its consumer confidence and spending intentions, are all important growth catalysts for the region. Developers who can capitalize on Asia’s favorable economy and lucrative location are best positioned to secure the land and buying dollars of timeshare travelers seeking memorable vacation experiences.

Read much more on the specific market conditions and opportunities in March’s Developments magazine article on this topic. 

Expansion in Latin America

(International, Developments Magazine, Guest Blogger) Permanent link

Expansion in Latin America

By Matt McDaniel, Tourism and Travel Journalist
ARDA Guest Blogger
April 15, 2014 

Expansion in Latin America 

Of the 550 million people who reside in Latin America, an impressive one-third is part of the middle class. And this emerging group is expected to grow across the region—presenting substantial opportunities for the leisure industry. 

Interval International’s Marcos Agostini, senior vice president of resort sales and business development for the region, says that “both the overall economic health and its emerging middle class are a boon for shared ownership.”

The economic outlook for Latin America is encouraging for the remainder of 2014, with growth projected to be up nearly three percent. The global recovery and faster growth in the United States will also have a positive impact on the region’s expansion.

An article on this topic in the March issue of Developments magazine delves deeper into highlights from four key Latin American markets: Brazil, Columbia, Peru, and Mexico. Get all the details here! 

 

The Universal Appeal of Timeshare

(Meetings and Events, International, Developments Magazine, Guest Blogger) Permanent link

The Universal Appeal of Timeshare 

By Franz S. Hanning, RRP, Chairman of the ARDA Board of Directors
ARDA Guest Blogger

March 28, 2014
 

The Universal Appeal of Timeshare 

Vacations have a universal appeal—they’re a common interest that crosses cultures and borders, as evidenced by the expansive international presence timeshare already has today. 

From Finland to Thailand to South Africa, timeshare is not only breaking ground, but also breaking records around the world. Sales at the Anantara Vacation Club: Phuket in Mai Khao, Thailand, have increased 100 percent, year over year. Kodagu Valley Resort in Coorg, India, is now working on a sister property, thanks to overwhelming demand. And a full sell-out of Grand Solmar Land’s End Resort & Spa in Cabo San Lucas, Mexico is projected in the next two years.  

This indicates that demand for timeshare across the world is growing steadily—a trend we hope to see continue in the coming decade.  

But the real beauty of international expansion is that everyone benefits. Consumers abroad have access to the product in their local regions, owners have the opportunity to travel to new, exciting destinations through exchanges, and the communities in which we operate locally reap the rewards from the continued growth of international tourism to America. 

Over the years, we’ve broken down borders to the point where vacations are now a global enterprise. It’s safe to say the world is now more interconnected than ever—and when it comes to timeshare, the sky is truly the limit. 

Read more about the universal appeal of timeshare in this month’s Developments magazine. And I’ll see you soon at ARDA World in Las Vegas! 

 

2013: A Busy Year of Promoting and Advancing Interests of Timeshare Owners

(Legislation, International) Permanent link

2013: A Busy Year of Promoting and Advancing Interests of Timeshare Owners 

By ARDA State Affairs 

November 12, 2013

Many of you will hear from ARDA staff later this week at ARDA’s Fall Conference in Washington, DC that this has been one of the busiest years on record for timeshare legislative activity at the state level.  

More than 25 bills in 13 states were introduced, passed, or killed in 2013 to protect the legislative interests of timeshare developers, timeshare associations, management companies, and timeshare owners.

A few highlights include:

--Resale and transfer company legislation was introduced in Florida, Colorado, South Carolina, and Massachusetts that will provide specific guidelines related to resellers and transfer companies

--Streamlining the Nevada Real Estate Division’s process of issuing a timeshare public offering statement (POS)

--Killing two proposed “take-back” bills introduced in Massachusetts and Vermont

--Passing three bills in Hawaii, including one that provides for voluntary de-registration of timeshare fee interests from the Land Court to the regular system at the Bureau of Conveyances

--Helping the governments of St. Maarten and Jamaica introduce comprehensive timeshare legislation that benefits developers and owners alike

You can read more details about each piece of legislation in the October issue of Developments magazine. We will also be updating attendees about our legislative priorities for 2014 during ARDA’s Fall Conference.

We are very proud of the work and the efforts of everyone involved—including timeshare owners—to help us achieve the many legislative successes. We look forward to continuing our progress into 2014.  

 

How Can ARDA Be Global….When the “A” Stands for American?

(From the CEO, International) Permanent link

How Can ARDA Be Global….When the “A” Stands for American? 

By Howard Nusbaum

May 14, 2012

Global Exchange 

As I travel the world talking to timeshare developers, owners and other industry watchers, it occurs to me that many of them are probably wondering how ARDA can say that it has a global reach when our title has “American” in its name.

Well, the only real part of our charter that is uniquely "American” is our advocacy effort. One of the big things we do for our members is to monitor and impact the regulatory issues that affect timeshare by engaging in lobbying efforts. These efforts focus on the establishment of a legislative environment that enhances consumer confidence and protection.

But beyond this, everything we do is global. 

Our convention attracts industry people from around the world, and this year it was dubbed “ARDA World” to highlight the focus on global issues and opportunities, as well as the global marketplace in which we all operate. 

In addition, the ARDA International Foundation (AIF) offers professional and educational development and important primary research to our members. We are close to releasing our World Wide Shared Vacation Ownership Survey that will give perspective on the timeshare market in many countries around the world.

So whether our owners want to travel to Breckinridge, Bangkok, or Belize, they will be supported by the “ABCs” of ARDA.

ARDA Issues Tips for Exchange

(Initiatives and Trends, International) Permanent link

ARDA Issues Tips for Exchange

by Lou Ann Burney

March 16, 2012
 

 

Global Exchange 

 
As a part of our consumer education campaign, ARDA worked with RCI and Interval International to issue a news release with consumer tips on “Making the Most of Exchange.” We are sharing these with the media, posting on VacationBetter.org, and getting the message on exchange out through our social media channels.

After all, this is one of the main reasons people continue to buy and love their timeshare vacations. Here are the tips…feel free to share them!

Tips for getting the most out of your timeshare exchange:

Deposit early: In general, the earlier you deposit your interval the greater trading power you will receive. This will result in more available vacation choices. Members of the RCI Weeks program can deposit their timeshares up to two years before their start dates.

Be flexible: The more specific you make your vacation searches, the less options you will find. Allowing for some flexibility in the dates you plan to travel or the destinations or resorts you want to visit will greatly increase your chances of finding a match.

Strength in Numbers: Members who own multiple weeks or points intervals can deposit them at once and may be able to redeem them to secure additional units to travel with family and friends. RCI also allows its RCI Weeks subscribing members to combine units so they can trade up and exchange for an interval with a higher trading power.

Exchange Online: Search for your next vacation online at your convenience by visiting IntervalWorld.com or RCI.com. These online sites allow subscribing members to search through thousands of vacation options and complete their vacation exchange in a few simple clicks.

Protect Your Vacation: Purchasing vacation protection gives timeshare owners the peace of mind in knowing that if they need to cancel their exchange vacation for any reason, the deposited interval they used for exchange will be restored and they will receive a credit for the exchange fee they paid that can be used toward another exchange in the future.

Watch and Learn: Get the story on placing pending requests, finding a pet-friendly resort, and more by watching Interval’s informative tutorials on IntervalWorld.com or by visiting RCI.com and checking out the educational videos at RCI® TV.