Improve the Timeshare Industry With a Billing and Payments Solution

timeshare industry

Timeshares are a type of vacation ownership wherein owners acquire rights to use a specific week or set of weeks at a resort. The resorts that offer timeshares are usually deeded properties and can be located in the United States or abroad.

Ownership of a timeshare typically involves a contract with a third-party management company that is primarily responsible for the operation of the resort. This agreement allows the resort to sell units and also provides the owners with a limited amount of flexibility when it comes to using their timeshare.

The timeshare industry has a long and tumultuous history, but has become a common way for Americans to vacation. It is a major contributor to the economy, supporting over 26,696 jobs and generating $1.7 billion in labor income.

However, many issues remain, such as marketing, customer service, and image problems associated with the high-pressure tactics that tainted the industry in the 1990s. It is important for timeshare companies to improve these areas if they want to attract a younger demographic of potential customers.

A good billing and payment system is critical to the success of a timeshare business. Having an integrated billing and payments solution reduces costs, improves cashflow and enhances customer satisfaction by offering an easy, convenient way to make payments.

Choosing a billing and payment solution that includes interactive voice response (IVR) is a great way to reduce resort expenses, increase revenue and improve the experience for owners. By eliminating the need to speak with a resort representative, IVR saves money on postage and printing as well as the time and cost of phone calls.

With a digital billing and payment solution, owners can make their annual maintenance fee payments through the website or by telephone. This eliminates the need to mail or send in paper checks, and it is more secure than faxing and phone calls. It also can save $7 to $9 a year in telephony charges, which the resort can then use to invest in other marketing initiatives and employee development.

Timeshare resale listings are an excellent way for people who own timeshares to get rid of their property and generate some extra income. A company like Travel + Leisure offers resale listings for a wide range of ownerships, including fixed and floating weeks.

The resale market is currently in the early stages of growth, and we expect it to continue growing rapidly as more owners seek to unload their timeshare for a fair price. As the industry continues to develop and evolve, the resale market will become even more lucrative for both owners and the timeshare companies that sell their products.

A strong and robust resale equities market is an essential component to the future success of the timeshare industry. By providing a platform for potential buyers to browse and research resale inventory, Timeshare Resales LLC can help consumers find the right product to fit their needs and budget. Our resale listings feature a wide selection of available timeshares, including resorts from all the major timeshare exchange agencies such as RCI and Interval International.

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Download a free copy of our newest e-book on"Guide to Responsible Timeshare Relief"