Latest news with #vacationownership
Associated Press
07-07-2025
- Business
- Associated Press
A Smarter Way to Travel: Why More Families Are Turning to Vacation Ownership
New industry research shows steady growth in vacation ownership among younger families seeking value, consistency, and quality time 'Modern families want vacation destination options,'— Travis Bary, Co-President of Capital Vacations MYRTLE BEACH, SC, UNITED STATES, July 7, 2025 / / -- In a time when families are prioritizing meaningful travel, vacation ownership is seeing a resurgence, particularly among younger generations. According to the 2025 ARDA State of the Vacation Timeshare Industry report, vacation ownership in the U.S. has grown to over 10 million owner families, with millennials and Gen X now making up more than 53% of new purchasers. Capital Vacations, one of the fastest-growing resort management and vacation ownership companies in North America, is seeing that trend firsthand. 'Families are recognizing that vacation ownership offers more than just a place to stay—it provides a dependable framework to explore new places, reconnect, and make travel a consistent part of life,' said Travis Bary, Co-President of Capital Vacations. 'It's about owning time and making space for what matters most.' Economic Confidence Meets Travel Desire Amid rising hotel rates and unpredictable travel costs, many vacationers are opting for a model that offers long-term savings and locked-in value. ARDA's 2025 research indicates that owner satisfaction remains high, with the majority citing value benefit and accommodation quality as top reasons for purchase. Vacation ownership also aligns with the subscription mindset younger consumers embrace—offering both structure and flexibility through club models like the Capital Vacations Club, which provides access to dozens of destinations across the U.S. Designed for Today's Travelers 'Modern families want vacation destination options,' said Travis Bary, Co-President of Capital Vacations. 'Whether they're planning a beach escape in Florida, a mountain retreat in the Smokies, or a coastal adventure in the Carolinas, our ownership model makes that possible—year after year.' With flexible usage, access to multiple destinations, and digital tools that simplify planning, Capital Vacations is helping a new generation of owners redefine what smarter travel looks like. To explore these destinations and more, or to learn about Capital Vacations Club and its portfolio of culturally rich resort experiences, visit ### About Capital Vacations® Capital Vacations is reimagining the travel experience by connecting Independent Resorts with travelers through our technology platform and vacation products. We partner with over 200 Independent Resorts across the U.S. and Caribbean, deploying strategic value-add tools that allow Independent Resorts to increase revenues across multiple channels. In addition, we service over 1,000,000 travelers a year with a hyper-focus on the owner and guest experience and the creation of long-term relationships. Visit Travel. Gather. Smile. Repeat. Andy Kovan Capital Vacations +1 843-251-6415 email us here Visit us on social media: LinkedIn Instagram Facebook Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
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.
Associated Press
04-07-2025
- Business
- Associated Press
New Industry Data Proves Vacation Ownership to be a Powerful Inflation Hedge
Consumers Can Lock In Tomorrow's Vacations at Today's Prices 'It's not just a vacation—it's a travel decision that pays dividends in memories and value.' — Travis Bary, Co-President of Capital Vacations MYRTLE BEACH, SC, UNITED STATES, July 4, 2025 / / -- With travel costs continuing to rise year-over-year, more vacationers are turning to vacation ownership as a way to guarantee future getaways without breaking the bank. According to the 2025 ARDA State of the Vacation Timeshare Industry Report, the average cost of a hotel stay has increased by more than 21% in the past five years—making predictable travel options like vacation ownership more appealing than ever. Consumers who own vacation ownership interest(s) seen firsthand how this empowers their families to take control of their travel plans, lock in savings, and ensure high-quality vacations for years to come. 'With a one-time purchase and consistent annual fees, our owners can vacation at premium resorts without worrying about rate hikes, blackout dates, or fluctuating prices,' said Travis Bary, Co-President at Capital Vacations. 'It's not just a vacation—it's a travel decision that pays dividends in memories and value.' How Vacation Ownership hedges against inflation: • Price Protection: Owners prepay at today's rates, protecting themselves from rising accommodation costs. • Consistent Value: Predictable annual maintenance fees with increase caps ensure cost certainty for long-term travel planning. • Exchange Power: Access to networks like RCI and internal Capital programs lets owners trade weeks for experiences in new destinations—without added inflationary pressure. Today's traveler is looking for more than just a quick getaway—they want dependable, meaningful experiences that don't carry hidden fees or unpredictable costs. That's where vacation ownership stands apart. To explore these destinations and more, or to learn about Capital Vacations Club and its portfolio of culturally rich resort experiences, visit . ### About Capital Vacations® Capital Vacations is reimagining the travel experience by connecting Independent Resorts with travelers through our technology platform and vacation products. We partner with over 200 Independent Resorts across the U.S. and Caribbean, deploying strategic value-add tools that allow Independent Resorts to increase revenues across multiple channels. In addition, we service over 1,000,000 travelers a year with a hyper-focus on the owner and guest experience and the creation of long-term relationships. Visit Travel. Gather. Smile. Repeat. Andy Kovan Capital Vacations +1 843-251-6415 email us here Visit us on social media: LinkedIn Instagram Facebook Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
26-06-2025
- Business
- Yahoo
Travel + Leisure Co. to Report Second Quarter 2025 Financial Results on July 23, 2025
ORLANDO, Fla., June 26, 2025--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today it will release second quarter 2025 financial results on Wednesday, July 23, 2025, before the market opens, followed by a conference call at 8:00 a.m. EDT. Michael D. Brown, President and CEO, and Erik Hoag, CFO, will discuss the Company's business outlook and financial performance. Participants may listen to a simultaneous webcast of the conference call, which may be accessed through the Company's website at or by dialing 877-733-4794 ten minutes before the scheduled start time. For those unable to listen to the live broadcast, an archive of the webcast will be available on the Company's website for 90 days beginning at 12:00 p.m. EDT on July 23, 2025. About Travel + Leisure Co. Travel + Leisure Co. (NYSE:TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The company operates a portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they're traversing the globe or staying a little closer to home. With hospitality and responsible tourism at its heart, the company's nearly 19,000 dedicated associates around the globe help the company achieve its mission to put the world on vacation. Learn more at View source version on Contacts Investors: Investor RelationsIR@ Media:Public RelationsMedia@ Sign in to access your portfolio
Hospitality Net
12-06-2025
- Business
- Hospitality Net
Holiday Inn Club Vacations Celebrates Completion of First Luxury, Six-Bedroom Homes at Orange Lake Resort
Holiday Inn Club Vacations Incorporated, an international vacation ownership company, today marked a major milestone with a ribbon-cutting ceremony celebrating the completion of the first phase of The Residences at Orange Lake Resort. The expansion includes three completed six-bedroom luxury homes and one fully furnished model home, now ready to welcome multi-generational travelers seeking a high-end, private-vacation experience. The ceremony comes just shy of two years after the company broke ground on the project on August 8, 2023. The event included remarks from company and industry leaders, including John Staten, President and Chief Executive Officer of Holiday Inn Club Vacations; Jorge Reyes, Regional Vice President of Operations for Holiday Inn Club Vacations; Jason Gamel, President and CEO of the American Resort Development Association (ARDA); Mike Campbell, HICV Vice President of Sales; and Robert Agrusa, President and CEO of the Central Florida Hotel and Lodging Association (CFHLA). Built with family connection, comfort, and luxury in mind, each Residence spans more than 5,575 square feet and features: Six bedrooms and six bathrooms with dual master suites Large entertainment spaces with 85" TVs and surround sound Private screened-in pool with sun shelf, hot tub, and fire pit area Game and fitness rooms Chef's kitchen with island seating and dining room to seat 20 Outdoor kitchen and covered patio Smart home technology and personal golf cart use The Residences are now available for preview through the model home, with the first three homes ready for stays later this summer. Priority booking will be offered to Holiday Inn Club members. Originally opened in 1982 by Holiday Inn founder Kemmons Wilson, Orange Lake Resort has grown into a 1,100-acre flagship destination featuring more than 2,400 villas across four villages. The property offers guests a wide range of amenities including a lazy river, four golf courses, restaurants, mini golf, sports courts, and more. Hotel website
