Grand Pacific Resorts reposted this
"Navigating the Future of Timeshare: Trends, Opportunities, and Insights for the Vacation Ownership Industry," shines a light on the unique opportunities and challenges for independent resorts, which make up about two-thirds of U.S. timeshares. What makes independent resorts special is their sense of community and long-standing traditions, as noted by David Brown, co-president of Grand Pacific Resorts, and Caroline Shin, CEO and co-founder of Vacatia. However, modernizing these resorts without losing their intrinsic spirit is a pressing challenge. Independent resorts face hurdles in marketing, financial sustainability, and service quality. David and Caroline propose finding new ways to engage with owners and updating amenities as a solution. Additionally, consolidation opportunities for smaller resorts to merge with larger networks, supported by management companies that provide essential modernization and long-term vision, are another way to mitigate the challenges. Positive market factors such as strategic locations, lower interest rates, and technological advancements are set to support the growth of independent resorts, ensuring their continued success! Next week, we'll dive into the "Owner Engagement" section of the report for more insights. Stay tuned. For the full report, click here: https://lnkd.in/eAS3cGXt #ARDA360 #Travel #timeshare #vacationownership #hospitality