Working with RCI affiliated resorts during the global coronavirus crisis

RCI is helping resort managers sort out changing mandates and priorities The different communications issued by many governmental authorities over the last several weeks regarding mandatory shutdowns, quarantines, and stay-at-home orders have raised questions about how vacation ownership resorts should proceed with their in-house guests. Many cities, counties, states, and territories have their own way […]


Resorts can borrow under CARES ACT

By W. John Funk, Gallagher, Callahan & Gartrell, P.C., Concord, NH The newly-enacted federal law called the CARES Act provides the following borrowing opportunity for most legacy resorts: Resorts that have fewer than 500 employees are eligible for a Small Business Administration (SBA) guaranteed loan under the Act (“covered loan”). The period covered by the loan is […]


Coping with Pandemic Repercussions

By Travis Bary, Chief Operating Officer, Capital Vacations With the unprecedented onset of the COVID-19 pandemic and the resulting expansive federal and state government travel and work restrictions, the vacation-ownership industry has experienced a precipitous and material economic impact. Although we all hope that travel and resort demand will bounce back quickly after the world […]


Re. COVID-19 Insurance Coverage/Claims Memo

By Chad Dorsey, CIC, CRIS, Vice president, Brown & Brown of Florida, Inc. Legacy resorts across the country are faced with the harsh reality of lost revenues associated with COVID-19 pandemic and wondering if this is an insurable event and if filing a claim with their insurance provider is the prudent course of action. The […]


Important Notice: Because of the COVID-19 Pandemic, all TBMA onsite conferences are postponed until further notice.

We’ll be sharing information via the TBMA website, blog & social media posts, webinars, and email communications. Please let us know what actions you are taking and any questions and comments you may have. Reach us by email to: staff@tbmassoc.org. If you haven’t joined TBMA already, be sure to fill out the Membership Form so […]


Money management for timeshare resorts

The foremost responsibility of a timeshare owners’ association’s board members is “to maintain, protect, and enhance” the value of the resort’s assets. So said Craig Huntington, president of Alliance Association Bank (AAB) in Las Vegas, NV, in a presentation at the fall 2019 TBMA meeting. Huntington said a board should develop an investment policy to […]