Aging Gracefully

Much like the baby boomers, the hospitality industry is aging – at least many of the properties are.  Some have aged more gracefully than others, taking care along the way that proper maintenance was not neglected.

Since the birth of the industry in the early seventies, timeshare resorts have experienced amazing growth… and why not, it was and still is a brilliant concept. 

In the 1980’s the industry expanded ten-fold, with increased development and sales of timeshare properties and programs.  Additionally, the 90’s saw explosive expansion into new regions while the existing popular destinations experienced continuous growth.

Rapid growth and development of the industry did not go unnoticed, major hoteliers became interested in joining the ranks of the timeshare world.  Brands like Sheraton, Ramada, Disney and Four Season, joined Marriott who had already made a name in timeshare with record sales.

With 40 years of continuous and often explosive expansion, the current number of timeshare resort properties is staggering.  From small fractional properties to worldwide vacation clubs, these resorts need to be on a continuous refurbishment cycle to stay current and keep their owners and guests happy. 

When refurbishment or maintenance of an older resort has been deferred, the aging structures start to experience some common issues.

To read more visit the digital version of the November issue of Perspectives Magazine, on page 60.

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