Category Archives: Industry News

RCI Welcomes Encore Resort at Reunion in Orlando

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The world’s leading external exchange company, RCI, just announced a new affiliation agreement with Encore Resort at Reunion in Orlando. Encore Resort is located in Orlando, Florida and features pristine home-style accommodations with a fantastic selection of resort amenities.

President of RCI, Gordon Grunik commented:

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VO-Con 2017 to Feature Record Number of Sponsors

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The Canadian Vacation Ownership Association (CVOA), will be hosting its conference of industry leaders in Whistler. VO-Con 2017, expected to bring speakers and attendees from all over Canada, the United States, and Mexico, will be the largest-sponsored event yet, with more than 20 event sponsors.

The conference brings together key decision-makers and leaders throughout the vacation ownership industry to forge connections and build networks. In addition to keynote speakers, the event will also feature educational sessions to inform attendees about latest trends, services, and products.

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Timeshare Industry Continues to Grow Worldwide

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The American Resort Development Association (ARDA) recently released its 2016 Worldwide Shared Vacation Ownership Report for its research brand, the ARDA International Foundation. In it, the association declares the global timeshare industry to be continuing its rapid growth in key markets around the world. With both timeshare sales and occupancy rates on the rise, more and more vacationers appear to be interested in the vacation ownership model as new advances in the industry take hold.

The Expanding Timeshare Industry

ARDA’s report signifies continued growth in the area of sales. With several years of steady growth, the industry saw a jump of sales from $17.7 billion in 2014 to $19.7 billion in 2015, an increase of 11.5%. What’s more, occupancy rates of vacation ownership units also increased in kind. 76.4% of timeshare units were occupied in 2014, with 2015 seeing a short rise to 79.4%. Combined with 5,400 vacation ownership resorts spread among more than 120 countries, the increase in timeshare sales and occupancy rates are accompanied by an growth in diverse products and experiences.

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Key Announcements from Disney Parks and Resorts at 2017 D23 Expo

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2017 D23 Expo

Many exciting Disney announcements and updates were made at the 2017 D23 Expo on June 15th at the Anaheim Convention Center. Guests enjoyed Disney Legend Awards, celebrity appearances, panels and presentations, films, and exhibits. But the real excitement featured announcements of updates coming to Disney Parks and Resorts including new attractions, new resort experiences, transporations options, and more.

New Resort Experiences

Some particularly fun updates come in the form on brand new resorts, including the 15th Disney Vacation Club property, Disney Riviera Resort. This stunning club resort will be located in Epcot and will feature a rooftop restaurant where guests can take in views of Epcot and Disney’s Hollywood Studios. Accommodations will include studios, one-, two-, and three-bedroom villas as well as luxury waterfront cabins. A new skyway transportation system will also connect this resort to other areas of Walt Disney World.

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Report: 42% of Americans Aren’t Planning Summer Travel

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It’s no secret that a great deal of Americans let their paid vacation time go to waste, resulting in millions of missed hours U.S. citizens can spend traveling. However, that well-known fact was taken one step further in a recent study conducted by Skift, where an estimated 42% of Americans have yet to make firm summer travel plans. Additionally, 35% responded that they haven’t made summer vacation plans yet, but may still plan on booking a last-minute deal.

Analyzing the Dismal Summer Travel Numbers

The disappointing travel stats come on the heels of an American economy that’s seen a steady increase in job creation as well as plummeting unemployment. As a result, one might expect summer travel numbers to be up with the addition of more paid time off and guaranteed vacation days for new employees. However, many cite the importance of their job as the primary factor for not taking a vacation.

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