A report by the Chairman of the British organization of the
Timeshare Consumers Association roundly criticises much of the British and
European Timeshare Industries, the report focuses on the European side of the
industry however the consumer warnings do apply in the U.S. timeshare market.
ITRA daming reports slams Timeshare
 |
A damming quote in the report named “Rise and Fall of
Timeshare in Europe” is attributed to an unnamed speaker of the European Parliament
where he criticised the industry as ‘Timeshare
is a criminal industry.’
Some of the complaints received by ITRA from owners who feel
they have been duped by a Timeshre company are;
- High-pressure sales techniques promoters lure potential buyers with false "free holiday or weekend break" to get them in the resort, then employ high-pressure sales techniques with scripted sales pitches. They make it very difficult for visitors to leave and the sales pitch can go on for the best part of a day.
- · False claims by promoters who will pitch the timeshare interval as an "investment." often supported by more false claims about resale markets that promise profits, "guaranteed" resale, by the developer who operates an their own in-house resale program.
- · Fees to resell. Often developers will promise to resell an interval for an upfront fee — which never results in a sale.
The full report con
be downloaded from timesharereport.info.
At ITRA
Our objective is to support the consumer in timeshare disputes. We have discovered a pattern of abuse, deception and even fraudulent issues that have been systematically perpetrated by many of the major timeshare industry players to the detriment of owners.
Contact ITRA if you have a problem with your timeshere
To find out more about the International Timeshare Refund Action visit our website www.itra.net
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