Is your resort insured for COVID-19?

By George Leposky, editor, TimeSharing Today When the COVID-19 pandemic struck, disrupting the operations of vacation timeshare resorts, managers and board members wanted to know whether insurance would cover the resulting costs.  The answer: It depends – on the costs incurred, and the nature and scope of a resort’s coverage. In a recent Timeshare Board […]

Don’t skimp on legal advice

By George Leposky, editor, TimeSharing Today Given the complexities of opening and operating legacy resorts during the COVID-19 pandemic, attorneys participating in a recent Timeshare Board Members Association webinar emphasized the importance of legal advice to avoid making mistakes. Participating in the discussion were attorneys W. John Funk of Gallagher, Callahan & Gartrell, P.C., in […]

What it means to Vacation Well at Grand Pacific Resorts

by Nigel Lobo RRP, Chief Operating Officer, Grand Pacific Resorts It was with a heavy heart that we temporarily closed the doors to our resorts earlier this year to ensure the health and safety of our Associates, Owners, and the greater community. During that time, we consulted with experts to prepare for our reopening.  We […]

Reopening Seawatch and Royal Dunes Resorts

By Esther Grisham In a previous TBMA Blog RCI discusses the re-opening of resorts on Hilton Head Island, with a focus on the perspective of the resort management company.  Today, RCI discusses re-opening of resorts thru the lens of two HOA board presidents, and their perspective on how the COVID19 crisis has impacted their resorts. […]

COVID mask exemption cards are not from the government

by Colleen Tressler, Consumer Education Specialist, FTC To help limit the spread of the Coronavirus, many states are requiring people to wear face coverings in places open to the public. But there are cards circulating online and on social media that say the holder has a disability that prevents them from wearing a mask, and that […]

Collections, compliance, and COVID-19

By Gregory Sheperd The COVID-19 pandemic has affected everyone’s personal life and every business segment, including the timeshare industry.  The temporary resort closings and low occupancy rates this year far exceed those of the Great Recession and are among the lowest in the history of our industry. At Meridian Financial Services, COVID-19 has impacted our […]

Hilton Head Island’s “new normal” summer

By Justin Fish Americans aren’t ready to give up their summer vacations, so resort towns across the USA are ramping up with increased precautions to make vacationers feel safe, relaxed, and re-energized.  Many timeshare resorts on South Carolina’s popular Hilton Head Island have been doing their part to reopen, while ensuring that vacationers are comfortable […]

Adjusting resort finances for COVID-19

By George Leposky During the ongoing COVID-19 pandemic, some countries have resorted to printing money to stimulate their national economies. A timeshare resort’s owners’ association can’t do that.  As revenues decline and expenses rise, it must find ways to borrow from itself or an external source to maintain cash flow and cover expenses. In a […]

Reopening insights

By George Leposky As cities, counties, and states around the U.S. relax various stages of their coronavirus restrictions at various times, property-management firms with multiple timeshare-resort clients in multiple locations are challenged to keep up with all the changes. In a Timeshare Board Members Association webinar on June 4, 2020, TBMA President Shep Altshuler interviewed […]

Gaining access to capital and key indicators impacting resort viability

TST Broadcasting’s Shep Altshuler interviews Alex Krakovsky and Scott MacGregor from Lemonjuice Solutions about ways timeshare resorts can stay viable in these changing times. Watch the YouTube interview here: