FlexWeek, Inc. is a pioneer in the global peer-to-peer (P2P)
marketplace with the introduction of a unique platform that allows timeshare
owners to discover, book and offer unused vacation time directly to the public
and other timeshare owners. This approach eliminates the need for timeshare
owners to use costly trading platforms such as Interval International or RCI,
while potentially reducing unused timeshare inventory.
FlexWeek’s P2P website (www.FlexWeek.com) and mobile
application is similar to AirBNB’s $20 billion approach to the travel industry,
but is the first and only P2P marketplace exclusive to fractional vacation
ownerships. FlexWeek differs from the existing model, where timeshare weeks
must be “banked” with a trading company such as Interval International or RCI,
and instead charges the booking fees to the renter of the vacation time,
eliminating the cost to the private timeshare owner.
The FlexWeek platform also addresses another specific
industry challenge. The average timeshare is only booked 79% 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 cost 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.
Led by founder Kristopher Chavez, who has more than 10 years
of experience operating businesses that acquire, rent, sell and transfer
timeshares internationally, FlexWeek’s management team will leverage its
collective expertise to facilitate the company’s direction and growth in this new
market. FlexWeek’s leadership has founded rapidly growing sales organizations
generating 8-figure revenues within a year’s time, and has experience scaling
other models to financial success and/or acquisition rapidly with limited
investment.
For more information, visit www.flexweek.com
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