Have you been defrauded?
Timeshare owners who have been defrauded by Resale Firms*, Holiday Clubs, Cash Back Schemes, Class Actions, Fly Buys*, etc. should contact RDO’s Enforcement team on enforcement@rdo.org as soon as possible. The Enforcement team requires a detailed written summary of the case (including dates, name of the company, an outline of what the offer included and details of payments made), and a copy of all the documents related to the case ie the contract - which should include details of the services included - and all other available documents such as faxes, e-mails, and proof of payments made (credit card slips or...
UK Timeshare Statistics May 2008
Resorts UK & Ireland: * England 74 * Wales 10 * Scotland 22 * Ireland 7 * Total 113 Weeks in the portfolio: * UK & Ireland 189,000 (72% already purchased) * Scotland 56,000 (81% already purchased) Average accommodation units per resort: * England 30 * Wales 31 * Scotland 51 * Ireland 15 * Total 3,780 Average rooms per resort: * England 53 * Wales 57 * Scotland 107 * Ireland 27 * Total 7,038 Number of bed nights generated annually: * UK & Ireland 2.24 million * Scotland 675,000 Occupancy levels: * UK 87% * Scotland 92% Total annual holiday makers: * UK 630,000 * Scotland 200,000 Week long holidays taken each year at UK timeshare resorts 115,000 Annual holidaymakers staying at UK resorts 630,000 Average annual sales volume: * UK...
2002 Worldwide Timeshare Statistics
The figures below have been kindly provided by Ragatz Associates, a business unit of RCI, and are extracted from their “Resort Timesharing Worldwide: 2003 Edition Summary Report”. Worldwide $9.4 billion timeshare sales in 2002 6.7 million households own the rights to about 10.7 million timeshare weeks 5,425 timeshare resorts, of which around 25% are situated in Europe North America hosts 31% of resorts, Latin America 16% (where Mexico leads with 40% in the region). Rapidly emerging Asia offers 14%, led by Japan, but with Thailand and India increasingly prominent. ...
The European Timeshare Industry 2008
Key Findings for 2007 General characteristics of the timeshare industry in Europe In 2007 1.5 million European households owned timeshare. The UK and Ireland form the largest market having 589,653 timeshare owners, followed by Germany and Italy. Most resorts are concentrated in Spain, with 26.3% of the total, 14.94% in Italy and 11.05% in the UK & Ireland There were a total of 1,312 resorts in Europe. The total number of units in European resorts is 73,540, resulting in 67,590 million bed nights. ...
Cruise Industry Overview 2008
Cruise Industry Overview 2008 12.6 Million passengers (worldwide) took a cruise in 2007 with 12.8 Million passengers estimated for 2008 Cruise Industry is the fastest growing category in the travel industry with an annual passenger growth rate of 8% p.a. The average length of a cruise is 7 days Utilization is constantly over 100% 35 new state of the art ships are contracted or planned to be added through 2012. This is an investment of a staggering USD 21 Billion 95% satisfaction...
How Timeshare Works
While the timeshare concept might be straightforward, the process by which it is turned into reality is somewhat more complex. The box below illustrates the principle stages in the chain that turns the concept into a product. Individual companies might undertake more than one of these activities – for example developers may market and operate their properties. Timeshare resort developers Timeshare developers have the principal responsibility for shaping the development of the timeshare scheme as they take the decisions which establish the characteristics of their resorts and, in most cases, the way in which they will be run. As well as arranging...
Name Change for Timeshare Organisation
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*. RDO’s chairman, Richard McIntosh said: “I believe that RDO...
European timeshare: Happy owners and a year round boost to regional economies
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. This is according to a comprehensive study into timeshare carried out by The Christel DeHaan Tourism and Travel Research Institute at the Nottingham University Business School on behalf of RDO (Resort Development Organisation), formerly known as OTE. The study looked into the industry in detail, analysing what its economic...
What is Timeshare?
The Timeshare Concept The timeshare industry is over 50 years old, and generates revenues of over $14bn per annum in sales and $45 billion in economic output (figures from the ARDA International Foundation, 2010). Today, there are approximately 20 million timeshare owners worldwide, of which over one and a half million reside in Europe alone. Yet few realise what timeshare is and the extent of its contribution to the economies of Europe and to providing all year round tourism and employment. The modern timeshare concept provides holidaymakers with a unique combination of consistency and choice. Consistency, in that holidaymakers can purchase the...
The European Timeshare industry in 2001
1452 resorts in 25 countries in Europe. These resorts contain 83 026 units. The average resort comprises 57 units. Some 200 000 European citizens are employed as a result of timeshare’s economic activity. 1.4 million families own timeshare in Europe. Around 620 companies operate wholly or exclusively in the sector, and have a combined estimated turnover of € 2385 million. The industry accommodates approximately 60-70 million bednights. Development Trends The timeshare industry in Europe has developed significantly since its beginnings...