timeshare
Colebrook Financial Provides $10 Million Fixed Rate Receivables Loan to Global Exchange Development Corporation
Colebrook Financial Company | February 7, 2023
Middletown, CT (February 7, 2022) –Colebrook Financial Company, a leading lender to the timeshare and travel club industries, announced that it has provided an additional $10 million in financing to Global Exchange Development Corporation (GEDC). GEDC is the development company that builds or acquires the inventory for Global Exchange Vacation Club (GEVC), finances the purchases of the timeshare memberships, is the company responsible for selling GEVC’s memberships and in doing so hypothecates the consumer notes created by the sales. Colebrook and Global Exchange have had a relationship since 2009. GEVC is one of the most versatile...
Breckenridge Grand Vacations Elected Top Company in Travel and Hospitality
Breckenridge Grand Vacations | September 26, 2018
BRECKENRIDGE, COLO. (Sept. 27, 2018) – Breckenridge Grand Vacations (BGV) has received ColoradoBiz Magazine's award for #1 Top Company in the Travel and Hospitality category. In its 31st year, the recognition is given to the very best statewide companies, in 14 industries. Businesses submit their nominations throughout the year, and a poll of companies including Deloitte, Moye White, Versatility and Colorado State Bank and Trust select three finalists for each category. The winner is then chosen by a judging panel, formed by ColoradoBiz editorial staff and business leaders, based on outstanding achievement, financial performance a...
ISHC Worldview: Sharing Economy and the Appeal of Timeshare
ISHC WorldView | June 7, 2018
7 June 2018 ISHC WorldView revealed that 69% of members surveyed believe the appeal of timeshare is diminishing. With Airbnb.com now allowing hotel listings through 3rd party distribution platforms, it's clear the sharing economy hasn't stopped evolving to increase their piece of the pie. What does the sharing economy have that timeshare doesn't? Insights from ISHC members revolve around two common themes: flexibility and unique experiences. ISHC's Tim Peck, Chairman of OBM International Limited commented, "The sharing economy allows far more flexibility in being able to have your home away from home." "Why would a consumer want to lock...
Timeshare Industry Adds $79.5 Billion to U.S. Economy
ARDA | August 10, 2016
More Than 511,000 People Employed; $10.2 Billion in Tax Revenue WASHINGTON, DC - August 10, 2016 – The U.S timeshare industry contributed an estimated $79.5 billion in consumer and business spending to the national economy in 2015, according to a study conducted by Ernst & Young for the ARDA International Foundation (AIF). This impressive total includes more than 511,000 jobs with $28.1 billion in salaries and wages. "It is not just the vacationers that benefit from the timeshare industry," says Howard Nusbaum, president and CEO of ARDA. "This industry has a huge impact on local economies through jobs, spending by vacationers ...
U.S. Vacation Timeshare Industry Shows Steady Growth in 2014: Three Key Indicators Rise
American Resort Development Association | July 16, 2015
WASHINGTON - July 16, 2015 – The U.S. timeshare industry enjoyed steady growth in 2014, according to the State of the Vacation Timeshare Industry: United States Study 2015 Edition, conducted by Ernst & Young for the ARDA International Foundation. Compared to 2013, sales volume increased by more than four percent and occupancy is up by two percent. "Seeing an increase in our key metrics demonstrates that timeshare is poised for a bright future," said Howard Nusbaum, president and CEO of the American Resort Development Association (ARDA). "And one of the main reasons is that vacationers love what timeshare vacations offer, inclu...
