FlexWeek, Inc. (OTC: FXWK) builds
shareholder value in the global peer-to-peer marketplace with a unique platform
that is designed to enable timeshare owners to book and offer unused vacation
time directly to other timeshare owners and the general public. The platform’s
differentiator is that it bypasses the need for timeshare owners to use
uneconomical trading platforms while potentially reducing unused timeshare
inventory.
FXWK reaches its target market
through its website and mobile application and is known to be the only
peer-to-peer marketplace that caters exclusively to fractional vacation
ownership. Traditionally, the model used for selling timeshares involved
banking weeks with a trading company, such as Interval International or RCI,
while charging the booking fees to the renter of the vacation time and removing
the cost to the private timeshare owner.
According to the American Resort
Development Association’s 2012 research survey, the average timeshare is only
booked about 80% of the year. 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. The Flexweek platform enables an owner of unused paid
vacation time to offer their specific booked week for rent directly to the
marketplace to save the cost or potentially make a profit on the rental. This
unused inventory allows a potential renter to stay in a very nice condo for far
less than they would pay in hotel fees. This scenario translates to a win-win
for both the owner and the renter of the vacation time.
Flexweek is guided by a skilled
management team possessing decades of experience operating businesses that
acquire, rent, sell and transfer timeshares internationally. FlexWeek’s
leadership has guided the company to eight-figure revenues within a year’s time
and has experience scaling other models to financial success and/or acquisition
with modest investment.
For more information, visit
www.flexweek.com
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