Latest news with #timeshare
Yahoo
2 days ago
- Business
- Yahoo
Hilton Grand Vacations (HGV) Stock Trades Up, Here Is Why
What Happened? Shares of timeshare vacation company Hilton Grand Vacations (NYSE:HGV) jumped 3.1% in the morning session after Mizuho analysts raised their price target on the stock, citing optimism about the company's growth prospects. Mizuho lifted its price target on the vacation ownership company to $73 from $70, maintaining an "Outperform" rating. The firm's analysts pointed to progress in the integration of Bluegreen Vacations and the resolution of sales force issues as key drivers for their bullish outlook. The move also comes amid a broader rally in consumer discretionary stocks, fueled by encouraging economic data. The consumer discretionary sector includes companies that sell non-essential goods and services, such as travel and leisure, which tend to perform well when the economy is strong. Recent reports showing a rebound in consumer spending and a five-month high in consumer sentiment are buoying investor confidence in the sector. This improved economic backdrop suggests consumers may be more willing to spend on vacations, directly benefiting companies like Hilton Grand Vacations. After the initial pop the shares cooled down to $47.61, up 1.8% from previous close. Is now the time to buy Hilton Grand Vacations? Access our full analysis report here, it's free. What Is The Market Telling Us Hilton Grand Vacations's shares are quite volatile and have had 17 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Hilton Grand Vacations is up 24.1% since the beginning of the year, and at $47.61 per share, it is trading close to its 52-week high of $49.10 from July 2025. Investors who bought $1,000 worth of Hilton Grand Vacations's shares 5 years ago would now be looking at an investment worth $2,315. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
New York Times
05-07-2025
- Business
- New York Times
My Timeshare Is an Albatross. How Do I Get Rid of It?
Q: Over many years, I have tried to get rid of, or rent out, or somehow get some value out of the Tennessee timeshare that we never should have bought in the 1990s. We have paid the timeshare 'mortgage' off, but of course there are yearly assessments, which we want to shed before we retire and downsize. I have tried companies that supposedly sell your timeshare or connect you with rental clients, but nothing has ever worked out. How do we get this timeshare albatross off our necks? A: People who buy timeshares are typically making a lifetime obligation, agreeing to pay maintenance fees and property taxes every year until they die or sell the timeshare. But as those fees increase, the asset gradually becomes a liability. 'The short answer is because they're worthless — that's why you can't get rid of them,' said Joe Solseng, a lawyer at Schroeter Goldmark & Bender in Seattle, who has represented timeshare owners in cases against resorts. Start by filing complaints with the Better Business Bureau, the Tennessee attorney general and the Federal Trade Commission. It's not surprising that you didn't have luck with companies that will supposedly sell your timeshare or connect you with possible renters: Many of these 'timeshare exit' companies are scams. 'You pay them upfront, and they do nothing, and you're out of money,' Mr. Solseng said. Try contacting the timeshare company to see if it has an exit program, but be sure to read the fine print before agreeing to anything. Sometimes these companies say they will help, only to try to upsell you on another product. You could consider a lawsuit, but lawyers will be selective with what cases they accept because in many states, especially popular vacation destinations, the laws protect resort owners. For example, in some cases, prospective buyers are told that there's a market to rent the timeshare or to sell it, but the details in the contract will say there is not really a market for these activities, which protects the company. The resorts 'have you on the hook' because they convinced you to sign their contract, Mr. Solseng said. You might have more success with assembling a group of plaintiffs. Key questions are: Were timeshare buyers knowingly misled? Is the resort or vacation club breaking state consumer protection laws? If you do pursue legal action, weigh the cost of the lawyers' fees against the money you are seeking, and make sure that the state you're in awards lawyer fees to the prevailing party.
Yahoo
02-07-2025
- Business
- Yahoo
Hotel 101 CEO Talks Growth and Investor Returns
Hotel 101 Global started trading on the Nasdaq yesterday by going public via SPAC, the company's CEO, Hannah Yulo-Luccini, joins Open Interest to talk about why the company is not a timeshare. Sign in to access your portfolio
Yahoo
30-06-2025
- Business
- Yahoo
Disney cracks down on DVC rentals, and it could cost members big
Disney Vacation Club recently updated its policy to crack down on commercial rentals, but some say it's leaving some members confused. DVC, Disney's version of a timeshare, added a new condition to its membership terms and conditions in early June, requiring people to certify their booking is "solely for personal use and not for commercial purposes" by clicking a checkbox, according to Disney Tourist Blog. It goes on to define personal use as "enjoying the benefits of a DVC Membership with family or allowing use of any reserved Vacation Home to friends and family on occasion." The highs and lows: What it's like to cruise Disney with your whole family This policy of prohibiting commercial use has been long-standing and is now reflected by the new adjustment, according to Disney. The move is intended to curb large-scale renters who exploit the system for profit. However, some believe the language is too murky for the average member to navigate and doesn't effectively reduce commercial renters. "It is creating heartburn for average everyday members who want to follow the rules," said Chad Pennycuff, a DVC member since 2017 and host of the My DVC Points podcast. Social media has proliferated the practice of commercial renting, with some "fringe" members consistently having up to 30 key reservations during peak travel times, such as the winter holidays, according to Pennycuff. "The internet and social media changed all that … people share on Facebook groups to rent out points," he said. Some members have complained they can't find availability during this time, leading to DVC implementing the new requirement. Tom Bricker of Disney Tourist Blog told USA TODAY in an email that he believes DVC's visible policy change is "placating members who have complained about the proliferation of commercial renters, decreasing demand for rentals by introducing an element of risk and uncertainty, and scaring some of the large commercial renters into voluntarily exiting the market." While he thinks it could improve availability "ever-so-slightly," commercial renters are highly efficient and have thousands more points than the average member, so it won't be very effective. While most DVC members will likely still be able to rent out to friends and family without issues, others may find the new language narrowly defined and worry about breaking the rules, said Pennycuff. Many members often need to rent or sell their points if they can't take a trip that year, otherwise they lose money. "If you've got two to three years in a row that life hits you and you can't go on vacation … your dues are still due every year," he said. Probably. Reputable third-party companies that specialize in booking DVC stays by acting as brokers between members and outside guests shouldn't be impacted by the update. These companies act as intermediaries between the two parties and aren't the ones renting the points; instead, they receive a commission for the transaction, said Pennycuff. David's Vacation Club declined to comment, and other third parties, including DVC Rental Store, did not respond to USA TODAY's requests for comment. This story was updated to add new information. This article originally appeared on USA TODAY: Why Disney Vacation Club is cracking down on commercial renters
Washington Post
03-06-2025
- General
- Washington Post
Miss Manners: Please put your guests in the guest room
Dear Miss Manners: I own a beachfront timeshare with two bedrooms, each with a full bath attached. When I invite a guest, should I offer them the much larger 'owner's suite,' or the very-nice-but-smaller guest suite? Do I take my guidance from the names of these spaces, or should I give my guest the larger space?
