Results of salary study for the timeshare industry announced
Marketing and sales positions were the worst hit by the recession according to the results of the annual salary survey of the vacation ownership industry published by Executive Quest. As more companies cut back on marketing and tour flow, those in marketing positions had a reduction in compensation of between 10 and 20 per cent, whilst sales managers and vice presidents, whose salary is often tied to a percent of sales revenue, had a decrease of 25 per cent. The survey also shows that CEO, presidents and owners suffered a decrease in compensation of around 33 per cent as the timeshare industry...
Timeshare study shows happy owners and a boost for local economies
European timeshare is a thriving industry with a loyal and satisfied clientele, according to a study carried out by The Christel DeHaan Tourism and Travel Research Institute of the Nottingham University Business School on behalf of the Resort Development Organisation (RDO). The European Timeshare Study canvassed owners and developers in 12 European countries about their views and experience of timeshare to present an in-depth analysis of the vacation ownership industry in Europe and its economic impact, particularly on the local communities. The great majority (87%) of the European timeshare owners interviewed reported that they were satisfied with their timeshare holidays. Nearly three...
Welcome to RDO
The Organisation for Timeshare in Europe (OTE) has changed its name to Resort Development Organisation (RDO) to reflect the evolution of the vacation ownership industry since its beginnings in the 1960s. From buying the right to spend a fixed week at one resort to part owning a holiday property or buying a legal interest to have personal use of a luxury hotel room, much has changed in the timeshare industry and now consumers have much more flexibility and multiple options. Richard McIntosh, RDO’s chairman, said: “I believe that RDO truly reflects the extensive range of holiday options now available in the vacation...
Work Goes On After EU Directive
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). “Although consumers will be better protected once the new Directive is implemented, there is always room for improvement”, said OTE’s Secretary General Peter van der Mark. “There is always scope for new, better regulations.” While the process of lobbying national governments for the implementation of the Timeshare Directive is underway, OTE is continuing to work in support of other new legislation which will also have a significant impact...