Brussels 9th October 2009 - FSOTA (Fractional & Shared Ownership Trade Association) announced today a special introductory offer for new members. Companies that join the FSOTA between now and 1st February 2010 will receive full membership of the association at 1,216 Euros per year. This price is frozen for a 2 year period.

Membership of the Association is open to businesses involved directly or indirectly in the fractional and shared ownership industry and which adhere to the Rules of the Association and its Code of Conduct.

Brussels 27th May 2009 - There are over 1.5 million timeshare owners in Europe and the vast majority *(87%) are happy with their holidays, with almost three quarters thinking that their timeshare accommodation is better than other self-catering holidays they have taken, with quality of accommodation the most important consideration for owners.

Brussels 25th March - OTE (Organisation for Timeshare in Europe) announced today that it has changed its name to Resort Development Organisation (RDO). The new name is reflective of developments in the vacation ownership industry, which has changed dramatically since the 1960s when timeshare was first sold, giving the consumer a fixed week at one resort. Since then new forms of vacation ownership have emerged giving the consumer more flexibility and choice, such as ‘floating weeks’*, the points system* and, more recently, fractional ownership*, private residence clubs*, destination clubs* and condo hotels*.

The approval of the EU Timeshare Directive earlier this year was without doubt a major landmark but the job to protect consumers doesn’t end there according to the Organisation for Timeshare in Europe (OTE).