At the forefront of the
peer-to-peer (P2P) vacation-home marketplace sits FlexWeek, Inc. (OTC: FXWK).
Being the first of its kind, the company offers a platform for timeshare owners
to market their unused vacation time to the public or other timeshare owners.
FlexWeek provides direct access to its resort inventory while eliminating the
need for timeshare owners to use other expensive trading platforms. The company
charges booking fees to the renter of the vacation time instead of “banking”
times with a trading company. This means that the private timeshare owner can
offer his/her unused vacation time to renters to recoup the cost or even make a
profit on the unused vacation time. Renters would also be saving money on these
transactions as they are likely less expensive than hotel rooms.
Timeshares have been enticing
Americans since 1969, the first being in Kauai, Hawaii, and have been
generating billions of dollars annually. People are attracted to timeshares
because they not only guarantee a space for vacation with fixed dates but they
also provide a larger space to enjoy with multiple bedrooms, a kitchen, and
washer/dryer amenities.
However, the vacation habits of
Americans have been slumping in recent years with more and more vacation days
going unused. According to the U.S. Travel Association, workers fail to use up
to five vacation days during the year. To account for this lost time, a survey
of 1,303 Americans was conducted in 2014 by Project: Time Off and concluded
that the top reason for unused vacation days was the fear of returning to a
mountain of work. Other reasons included affordability, fear of being seen as
replaceable, and trying to show dedication to the company. Overall, workers are
emerging from a tough economy and feel less secure about their jobs, which
means fewer days off.
Since timeshare owners must pay
for their shares whether used or not, FlexWeek offers a way for them to rent
their time to others, and, potentially, make some extra money. The need for
timeshare renters should only increase because Americans suffer from a “work
martyr complex,” making FlexWeek a great alternative to paying for unused
space. The company intends to continuously expand its presence in the timeshare
rental market while offering inexpensive outlets for vacationers.
For more information, visit
www.flexweek.com
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