ghost1000
05-01-2006, 02:02 PM
The Orlando Sentinel wrote an article about Timeshares in Central Florida (http://www.orlandosentinel.com/business/custom/tourism/orl-cfbcover0106may01,0,5519141.story?coll=orl-business-headlines-tourism). It includes:
"Central Florida is the time-share capital of the planet, no question about it," said Jim Lewis, general manager of Disney Vacation Development, Walt Disney World's time-share unit. "It has been a great business for us."
The division has five time-share resorts at Walt Disney World and two others, one in Vero Beach, the other in Hilton Head, S.C. Disney's sales record demonstrates the power of selling real estate in the fourth dimension: 100,000 buyers have a stake in just 2,000 vacation apartments.
The growth of Disney Vacation Club, as the division is known, mirrors the industry's growth. Major hospitality companies, including Starwood Resorts, Cendant, Hyatt and Marriott, have time-share operations. In 2004, the most recent year for which statistics are available, there were 1,668 time-share resorts in the United States owned by 3.87 million households. The number of owners increased 13.8 percent between 2003 and 2004.
"Central Florida is the time-share capital of the planet, no question about it," said Jim Lewis, general manager of Disney Vacation Development, Walt Disney World's time-share unit. "It has been a great business for us."
The division has five time-share resorts at Walt Disney World and two others, one in Vero Beach, the other in Hilton Head, S.C. Disney's sales record demonstrates the power of selling real estate in the fourth dimension: 100,000 buyers have a stake in just 2,000 vacation apartments.
The growth of Disney Vacation Club, as the division is known, mirrors the industry's growth. Major hospitality companies, including Starwood Resorts, Cendant, Hyatt and Marriott, have time-share operations. In 2004, the most recent year for which statistics are available, there were 1,668 time-share resorts in the United States owned by 3.87 million households. The number of owners increased 13.8 percent between 2003 and 2004.