Strong Third Quarter Results for Timeshare Resale Advertising Company
SellMyTimeshareNow has released a strong third quarter earnings report and has not been hurt by the US dollar's decline in the foreign market, weakened housing market, or the crisis of subprime mortgages.
Dover, NH (October 10, 2007) -- SellMyTimeshareNow reports strong third-quarter earnings. The online timeshare resale and rental advertising and marketing company reported being 33 percent ahead of last year's revenues at the end of the third quarter of business. Although they are a privately held company and as such, do not release earnings reports, the Dover, New Hampshire based timeshare resale and timeshare rental company has issued a corporate summary of economic stability and year-end projections for the company. The report includes a synopsis of each of the following areas of the company's business:
- SellMyTimeshareNow's website traffic, now averaging over 1.8 million visitors per month.
- Offers to buy timeshares or rent timeshares received for properties advertised on SellMyTimeshareNow. Offers totaled $209 million through the third quarter and include over 53,000 offers made for purchase or rental.
- Revenues for SellMyTimeshareNow, through the third quarter, which totaled $5.1 million.
Company founder, Jason Tremblay says, "Our website has seen a 42 percent increase in traffic during the past twelve months. As a result of the increased traffic and our excellent inventory of timeshare resales and rentals, we are 50 percent ahead of where we were this time last year in the number of offers to buy timeshares or rent timeshares."
While many timeshares today are held through deeded ownership as real property, much like residential homes, timeshare resales are not suffering from the types of problems that have hurt the real estate market across the country, nor have subprime mortgage issues affected them. Instead, timeshare vacation ownership remains one of the fastest growing segments of the vacation and tourism industry. Both the sale of new timeshare and timeshare resales continues in a growth mode with SellMyTimeshareNow reporting a 20 percent increase in total dollar amount of offers to buy timeshares or rent timeshares over the third quarter results in 2006.
The company's Vice President of Marketing, Mehrl K. Martin, explains, "When you rent or buy timeshares, you lock-in today's price for vacation lodging. In an economy where the price of hotels and vacation home rentals continues to increase, buying timeshares on the resale market is one of the few things a family can do as a hedge against escalating vacation costs."
SellMyTimeshareNow is an industry leader in providing advertising and marketing for timeshare owners who want to sell timeshare or rent timeshare. For 2007, SellMyTimeshareNOW is on track to present to its customers $282,900,000 in offers to buy or rent timeshares.