Since the economic meltdown broke out in the late of 2007, there were also numerous owners who want to get out of their timeshares as a way to cut spending and withstand the economic climate. For potential timeshare owners on the other hand, they altered their plans and did not make a purchase. In other words, the timeshare industry had been severely hit by the said crisis. But as we’re on our way to recovery, some countries are already doing their initiative to further boost their travel industry. In this way, the timeshare owners just like many other stakeholders benefit from this significantly.
Recently, the Australian government committed AUS$8 million or £4.47 million for their tourism industry. With this, timeshare owners who are planning on a trip to Australia in the coming months and years will be pleased to hear this.
The plans to provide a boost to the sector with the National Long-term Tourism Strategy had been outlined by the Federal Tourism Minister Martin Ferguson. On the other hand, the spokesperson for Trailfinders, Lisa Warner, welcomed the news, saying that it will be beneficial for consumers. She also stated that once people have visited once, they often return in future years.
In the past years and recent months, the timeshare industry had been unattractive to most consumers. This was evident as there are many owners who tried and wanted to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart. In addition, the sales for most timeshare companies were also low. On the other hand, for the timeshare industry being a part of the tourism sector to fully achieve full recovery and regain its financial status, it need some back up from the government. Such is the recent case in Australia where it committed a significant funding for their tourism industry.