Timeshare booming, says Marriott

Marriott has provided further evidence of the boom in the timeshare market by reporting record sales for its vacation club division. The industry has suffered decades of negative publicity, but the Organisation for Timeshare in Europe has recently reported a resurgence in popularity of this type of holiday. The boom is largely due to increased consumer confidence following timeshare companies adhering to strict quality standards. Timeshare has also been given credibility by major companies and Marriott Vacation Club International (MVCI) global resorts have this year recorded sales of $1.3 billion, exceeding the total of $1.22 billion for the whole of last year. MCVI has 43 resorts globally and plans to open a further nine over the next three years. It aims to broaden the scope of its European portfolio by developing ski, urban and dive resorts.