The Timeshare Industry Needs Reform
More than 9 million households own timeshares, which some resort developers frequently market with high-pressure, hard-sell sales techniques. Large numbers of timeshare owners regret their purchases. Contributing to this dissatisfaction are the financial burdens of steadily growing maintenance fees that average almost $1,000 a year1, and the inability to cancel their timeshares.
The Coalition to Reform Timeshare is made up of individuals and organizations dedicated to reforming the timeshare industry. We believe that timeshare companies should be subject to a strict code of ethics and transparency in their sales techniques.
As such, we are advocating for change in these key areas:
- Establish a strict code of ethics
- Reform high-pressure sales practices
- Promote marketing transparency
- Educate the public about state, local and federal legislation and regulations that would harm consumers and timeshare owners
- Advocate for clear, fair, legal exits from timeshares
1. State of the Vacation Timeshare Industry: United States Study 2017 Edition, conducted by Ernst & Young for the ARDA International Foundation (AIF).
The Coalition to Reform Timeshare is dedicated to reforming the timeshare industry. We advocate that timeshare companies should be subject to a strict code of ethics and transparency in their sales techniques.
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