ARDA Inside Look - Issue 1
Issue 1 | April 28, 2020
The Timeshare Industry Today
President/CEO Jason Gamel
Greetings ARDA Members! While we won't be seeing you in South Florida for ARDA World 2020, we realize how important it is to connect and keep you up to date on what is going on with ARDA. I am excited to welcome you to the inaugural edition of the new ARDA Insider Newsletter. The ARDA Insider will bring you bi-monthly news and information from ARDA's front lines. As you come to expect from ARDA and its staff, we are working tirelessly to represent you in every aspect of our daily business, including our legislative efforts at the state and federal levels. Outside of our government relations priorities, we are also focused on our public relations and communications work including intense focus on the Coalition for Responsible Exit, conducting COVID-19 specific AIF research and market studies, and working to create best practices and strategies for safe and strategic resort. It is our goal during these unprecedented times to keep you informed and we look forward to doing that through the ARDA Insider.
Federal and State Legislative Affairs
Federal Affairs Update
ARDA applauds the recent action by Treasury and the Federal Reserve to revive TALF. However, as a direct result of the economic fallout from the coronavirus, credit markets for asset-backed securities (ABS) have frozen creating a very significant and immediate liquidity crisis for some of our most prominent publicly traded and privately held timeshare companies which threatens the industry's continued viability. Read more...
State Affairs Update
On the state level, much of work has shifted to monitoring and examining the over 1,000 emergency orders that have been issued around the country to ensure that timeshare resorts are given the tools they need to navigate through this crisis. Read more...
ARDA Meetings and Events
2020 ARDA Award winners to be announced in June! Learn more...