Tuesday, October 13, 2009

Marriott Halts Timeshare and Luxury Project Developments

In a sign of the difficult economic times that have hit the timeshare industry, Marriott International recently reported that they will stop developing new timeshare as well as luxury residential projects.

They site "weakening demand, falling prices and difficultly securitizing loans for consumers" for the change in plans.

Stay tuned to hear developments from Wyndham and Starwood.

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