Timeshare Trends Blog

Marriott International is cutting back on the high-demand home development business and is cutting prices at some of its fractional ownership resorts. Marriott is also planning to halt its timeshare development in Europe. However, according to a recent Orlando Sentinel story, Marriott officials report that their timeshare business run by Orlando based Marriott Vacation Club International is doing better than its high-end counterpart.

According to Marriott’s president and chief operating officer, Arne Sorenson, the significant decline in demand for luxury residential real estate is reflective of today’s economy. It also reflects the relative strength and deeper market of the traditional timeshare business, which while impacted by the weaker economy has proved to be more resilient.

Bookmark To:

Three Marriott Vacation Club International resorts have received Florida Green Lodging Program designation from the Florida Department of Environmental Protection. Marriott recently revealed that the designation was given to its Grande Vista and Cypress Harbour facilities, along with the Crystal Shores resort on Marco Island. The One Palm label was given to the resorts after they met all of the requirements to officially become part of the environmentally friendly association.

Troy Asche, regional vice-president of operations for the Florida-Caribbean region of Marriott Vacation Club, said that environmental stewardship is a vital part of providing memorable holiday experiences for owners and guests. He added that group efforts of the timeshare organization can make a significant contribution to the preservation of the Florida environment by making resort operations greener. Marriott recently received positive news earlier this month as Marriott Vacation Club International was named as one of the best places to work by the Utah Department of Workforce Services’ Work/Life Awards.

Bookmark To: