Although there are still a number of owners who are trying to get out of their timeshares nowadays, that hasn’t stop the developers to expand their operations. As a matter of fact, some of the timeshare companies are currently in hot pursuit of prospect locations for their expansions.
According to Dimitris Manikis, senior vice-president of business development in Europe at RCI, India is cited as an emerging top timeshare destination. As he commented, the nation’s timeshare industry has been established for some time but now there are opportunities for developers to get in there and enter the market. He added that there are even synergies between timeshare and the Indian way of life as they are both family-orientated.
As Mr. Manikis had asserted, timeshare properties are often very spacious and lend themselves very well to family holidays and India is home to a great climate as well, with splendid weather throughout the year as well as wonderful scenery and a great variety of attractions.
An RCI employee pointed to one resort in particular, Club Mahindra as it offers everything a timeshare owner would want. Meanwhile, last year, RCI affiliated the Solluna Resort which is located in India’s largest wildlife sanctuary, the Jim Corbett National Park, in Uttarakhand.
The challenges faced by the timeshare industry such as the low sales and the number of owners trying to get rid of their timeshares may not be over yet but some companies are already hopeful to further and extend their operations as this year is showing a slow economic recovery. On the other hand, if there is one area to pursue such expansion this year, India would be a strong candidate.