Owning a timeshare has many benefits. It is a great way to enjoy a relaxing vacation spot in a luxurious, fully furnished condo instead of an expensive, cookie-cutter hotel room or resort. Also, it is a much more affordable way of adding a second home, so to speak, to your book of assets. Family vacations and private getaways are essential for people to maintain their sanity by escaping to an exotic location for some much needed rest and relaxation. Of course, there is a caveat to this, and that is the money wasted should you not be able to use your allotted paid-for vacation time. Enter FlexWeek, Inc. (OTC: FXWK), a global peer-to-peer marketplace that allows timeshare owners to discover, book, and offer unused vacation time directly to the public and other timeshare owners.
This is a fantastic and well thought out addition to the timeshare dynamic, because it reduces unused timeshare inventory by utilizing the FlexWeek marketplace. The average timeshare is only booked 79 percent of the year, according to the American Resort Development Association’s 2012 research survey. 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.
With FlexWeek, an owner of unused paid vacation time can now offer their specific booked week for rent directly to the FlexWeek marketplace to recoup costs or even make a profit on the rental. The glut of unused timeshare inventory allows a potential renter to stay in a very nice condo for a fraction of what they would pay in hotel fees, making it a win-win for both the owner and the renter of the vacation time.
Everyone hates fees, and, apparently, FlexWeek took this into consideration when devising its business model. The company is similar to the very popular $20 billion business model of AirBNB, but FlexWeek is the first and only peer-to-peer marketplace exclusive to fractional vacation ownerships. With FlexWeek, there is no need for costly trading platforms such as Interval International or RCI. Instead, booking fees are charged to the renter of the vacation time, eliminating the cost to the private timeshare owner.
For more information, visit www.flexweek.com
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