Real estate agents suffered a 300% drop in income and compensation was generally lower than last year as the timeshare industry continues to battle the recession, according to the 2010 Salary Study published by Executive Quest.
On the plus side, sales managers and directors took a minor cut in compensation while training specialists and directors saw their compensation increase by more than 200%, according to the survey.
Many executives interviewed declared that they had received non-cash perks such as company cars, health and life insurance, housing for family and visitors or relocation expenses.
The results for the survey originated from interviews with more than 20000 contacts in the timeshare, vacation ownership, fractional and hospitality industry, including sales, marketing and human resources personnel as well as general managers and CEOs. The full 2010 Salary Study can be purchased from www.execq.com.