Timeshare is ‘recession-proof’, well almost. When money is tough, a great vacation value is what people are looking for. Timeshares provide that great value for people.
The timeshare industry is well-protected during a recession, while tourism in general may be affected by the downturn, it is claimed.
Radhika Shastry, managing director of RCI India, made her comments to the Business Line and explained there are a number of reasons why the timeshare sector is recession-proof.
“Timeshare is a family product, offers many holidaying options, gives its patrons flexibility in terms of exchanging destinations for a certain amount and people are committed to holidays,” she informed the publication.
She revealed that international members’ transactions into India saw a 39 per cent growth in November of last year, while in January the organisation is looking at 51 per cent growth over the same period in 2008.
Ms Shastry added that a total of 1,427 member families from outside the Asian country will be using RCI resorts in India between November 2008 and January 2009.
RCI, a vacation exchange organisation, has over three million members across the world as well as 3,700 affiliated resorts.
