Collapse of the Timeshare industry in Europe
The US, with a much smaller population that Europe, has five times as many timeshare owners
Sept. 16, 2012 - PRLog -- A new report, “Rise & Fall of Timeshare in Europe”, discloses the rapid decline in sales and ownership of timeshare in Europe and questions whether the industry has a future.
Ten years ago the European timeshare industry was making 100,000 sales a year and had one and half million owners. Now sales are in the low thousands and ownership is struggling to reach half a million The USA, with a much smaller population than Europe, has five times as many owners.
The blame for this decline lies with the breakdown in consumer confidence brought about by the anti-consumer practices within the industry. Dishonest traders have concentrated on making money in the short term and have failed to create an honest and responsible business for the longer term.
The future for timeshare in Europe looks bleak. Unless traders takes a firm grip on their practices so that consumers can again feel comfortable buying a timeshare then the industry is in serious risk of collapse.
The report identifies why the industry failed to achieve its full potential
– naming and shaming those responsible for this failure.
The full report is available from http://www.TimeshareReport.info