European Timeshare Consumers Get a Hotline

That's right -- recent events in the UK timeshare industry have led to the emergence of a new consumer resource with an informative hotline. The OTE has joined forces with the TATOC (Timeshare Association of Timeshare Owners Committees) in an effort to crack down on scams and to promote consumer education and intelligence:

The Timeshare Consumers Advice Line (http://www.timeshareconsumeradvice.uki.net) has launched an advice line and web site for people buying or reselling timeshare properties

...as a member of the OTE, Timeshare Computer Link Ltd has setup an advice service beyond its normal timeshare resale activities. timeshareconsumeradvice.uki.net provides information on the best ways to buy or sell a timeshare property, along with, when ever possible, advice on getting the most out of timeshare holiday ownership.

More information can be found here www.timeshareconsumeradvice.uki.net alternatively you can call the advice helpline on 01926 84 42 42.

From PRWeb: http://www.prweb.com/releases/timeshareconsumeradvice/tca/prweb1231294.htm

Contradictions Abound: Wyndham Reports Slump

The timeshare industry has seemingly carved an all-but-unique bubble in the recent real estate downturn, floating unscathed to everyone's bewilderment. However, it was bound to slow at some point, and Wyndham Worldwide has just released what is likely the start of an industry wide trend.

We must bear in mind that Wyndham also franchises hotels, and their earnings are not itemized in the following reports. However, on the whole it is a safe assumption that US families are finding vacation time less and less crucial -- probably due to rising gas, food, and overall cost of living prices.

AP also reported that Starwood Hotels have seen a 28 percent decline in timeshare revenue during the second quarter of 2008. AP analysts "have expressed concern about timeshare sales, particularly after Starwood's second-quarter declines."

STOCK PERFORMANCE: Wyndham shares lost about 13 percent in the quarter, closing at $17.91 on June 30. During the past 52 weeks, the stock has fallen from a high of $36 last August to a low of $14.62 in mid-July.

http://money.cnn.com/news/newsfeeds/articles/apwire/8ff43b93985ca009455d544312a85fe7.htm

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