Important issues for a growing timeshare industry

Cornell Hotel and Restaurant Administration Quarterly

Volumn 42, Issue 1, 2001, Pages 71-81

  Woods, Robert H ^a  

^a UNIVERSITY OF NEVADA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0035255536     PISSN: 00108804     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0010-8804(01)90014-X     Document Type: Article

References (24)

1. 1 Timeshare The New Force in Tourism (Madrid World Tourism Organization, 1996), p 3
2. 2 Alan Ziobrowski and Brigette J Ziobrowski, "Resort Timeshares as an Investment," Appraisal Journal, Vol 65, No 4 (1997), pp 371-380
3. 3 Developing Timeshare and Vacation Ownership Properties (Washington Urban Land Institute, 1999), p viii
4. 4 Status of the Timeshare and Vacation Ownership Industry (New York PricewaterhouseCoopers, 1999)
5. 5 Developing Timeshare and Vacation Ownership Properties, p 1
6. 6 www arda org (viewed on March 15, 2001)
7. 7 State of the U S Vacation Ownership Industry The 1999 Report, (Washington, DC ARDA, 1999)
8. 8 www ahma com (as viewed on March 15, 2001)
9. 9 Developing Timeshare and Vacation Ownership Properties, p 7
10. 10 Op cit, p 8
11. 11 Sunterra has been dispersed due to bankruptcy
12. 12 Allison Morrison and Robert H Woods, "Report on the Training Needs of the Timeshare and Vacation Ownership Industry" (Washington, DC, ARDA, 1999)
13. 13 These data were compiled by and were reported on FNN, the Financial News Network, on January 7, 2000
14. x for Turnover, Cornell Hotel and Restaurant Administration Quarterly, Vol 30, No 1 (May 1989), pp 78-90, and Turnover and Diversity in the American Lodging Industry (East Lansing, MI American Hotel Foundation, 1998)
15. x for Turnover, Cornell Hotel and Restaurant Administration Quarterly, Vol 30, No 1 (May 1989), pp 78-90, and Turnover and Diversity in the American Lodging Industry (East Lansing, MI American Hotel Foundation, 1998)
16. 15 Leanna Jackson, president of the ARDA International Foundation, reported that as of January 10, 2000, only four universities in the United States offer timeshare courses to college students They are Florida International University, Purdue University, the University of Central Florida, and the University of Nevada-Las Vegas Some other universities, notably the University of Southern California, offer real-estate courses that include timeshare components Central Florida and UNLV both offer three courses in timeshare management The other programs offer one course each
17. 16 P Yesawich, J Pepperdine, and J Brown, "Analysis of Vacation Ownership 2000 Survey Findings" (Release 1), cited in Randall S Upchurch, "A Glimpse at U S Consumers' Interest in Timesharing," International Journal of Hospitality Management, Vol 19, No 1 (2000), pp 433-443)
18. 16 P Yesawich, J Pepperdine, and J Brown, "Analysis of Vacation Ownership 2000 Survey Findings" (Release 1), cited in Randall S Upchurch, "A Glimpse at U S Consumers' Interest in Timesharing," International Journal of Hospitality Management, Vol 19, No 1 (2000), pp 433-443)
19. 17 Moreover, some in the financial community question the theory that lodging stocks are substantially undervalued See Anwar R Elgonemy, "The Pricing of Lodging Stocks A Reality Check," Cornell Hotel and Restaurant Administration Quarterly, Vol 41, No 6 (December 2000), pp 18-28
20. 18 Richard Ragatz, "State of the Industry," Timeshare and Vacation Ownership Review, Vol 2, No 1, p 13
21. 19 PricewaterhouseCoopers, 1999, op cit
22. 20 Ragatz, p 6
23. 21 Edwin McMullen and Simon Crawford-Welch, "Looking into the Crystal Ball Vacation Ownership 2000," Timeshare and Vacation Ownership Review, Vol 2, No 1, p 83
24. 22 For a discussion of factor analysis, see Robert C Lewis, "Isolating Differences in Hotel Attributes," Cornell Hotel and Restaurant Administration Quarterly, Vol 25, No 3 (November 1984), p 67