Owning a timeshare has many
benefits. It is a great way to enjoy a relaxing vacation spot in a luxurious,
fully furnished condo instead of an expensive, cookie-cutter hotel room or
resort. Also, it is a much more affordable way of adding a second home, so to
speak, to your book of assets. Family vacations and private getaways are
essential for people to maintain their sanity by escaping to an exotic location
for some much needed rest and relaxation. Of course, there is a caveat to this,
and that is the money wasted should you not be able to use your allotted
paid-for vacation time. Enter FlexWeek, Inc. (OTC: FXWK), a global peer-to-peer
marketplace that allows timeshare owners to discover, book, and offer unused
vacation time directly to the public and other timeshare owners.
This is a fantastic and well
thought out addition to the timeshare dynamic, because it reduces unused timeshare
inventory by utilizing the FlexWeek marketplace. The average timeshare is only
booked 79 percent of the year, according to the American Resort Development
Association’s 2012 research survey. Whether or not a privately owned timeshare
unit is used, the owner still has to pay annual maintenance fees, and most
owners end up losing thousands of dollars in wasted paid-for vacation time over
their ownership period.
With FlexWeek, an owner of unused
paid vacation time can now offer their specific booked week for rent directly
to the FlexWeek marketplace to recoup costs or even make a profit on the
rental. The glut of unused timeshare inventory allows a potential renter to
stay in a very nice condo for a fraction of what they would pay in hotel fees,
making it a win-win for both the owner and the renter of the vacation time.
Everyone hates fees, and,
apparently, FlexWeek took this into consideration when devising its business
model. The company is similar to the very popular $20 billion business model of
AirBNB, but FlexWeek is the first and only peer-to-peer marketplace exclusive
to fractional vacation ownerships. With FlexWeek, there is no need for costly
trading platforms such as Interval International or RCI. Instead, booking fees
are charged to the renter of the vacation time, eliminating the cost to the
private timeshare owner.
For more information, visit
www.flexweek.com
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