Carolinian
Guest
From my years as an HOA officer, I am always interested in talking shop with resort managers when I trade. I recently had the chance to do so at a resort in northern Europe I traded into, and the information she gave me was interesting as to use of weeks. Their week ownership broke down as follows:
Owners who use at the resort or rent - 74.5%
RCI Weeks members - 15.0%
RCI Points members - 0.9%
DAE members - 0.5%
HOA inventory - 9.0%
As I have previously posted about owners at resorts on the NC OBX, owners who exchange seem to be in a distinct minority. Like those resorts, this is a long sold out resort, where the developer has left the scene for years. The HOA inventory is higher than some of the better run OBX resorts, but about the same as some others, and the m/f is slightly lower than the lowest OBX m/f, thanks to the drop in exchange rates with the euro. Apparently they have tried some of the same resale marketing techniques as some HOA's I am familiar with have, but the results in Europe do not seem to be as good.
Having a solid majority of own-to-use members, IMHO, makes for a stable resort.
Owners who use at the resort or rent - 74.5%
RCI Weeks members - 15.0%
RCI Points members - 0.9%
DAE members - 0.5%
HOA inventory - 9.0%
As I have previously posted about owners at resorts on the NC OBX, owners who exchange seem to be in a distinct minority. Like those resorts, this is a long sold out resort, where the developer has left the scene for years. The HOA inventory is higher than some of the better run OBX resorts, but about the same as some others, and the m/f is slightly lower than the lowest OBX m/f, thanks to the drop in exchange rates with the euro. Apparently they have tried some of the same resale marketing techniques as some HOA's I am familiar with have, but the results in Europe do not seem to be as good.
Having a solid majority of own-to-use members, IMHO, makes for a stable resort.