ARDA Insights Blog                                                                                                                                                                                                                                                                                                                                      

Let’s Get Together in DC!

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Let’s Get Together in DC! 

FallConf hotel 2
With autumn in full swing and the leaves showing their vibrant colors, it’s time for this year’s ARDA Fall Conference, which will take place November 12-14, at the Fairmont in Washington, DC.

The industry gathers annually to take advantage of this networking opportunity and to analyze key issues we’re facing in the current economic and political environment. This year, if you decide to join us, we’ll have plenty in store for you!

First, we have our core association meetings, where our most engaged members gather in committees, councils, and boards to advance our respective programs of work and set new goals for the future. Then, as we move through the program, our lineup of speakers and events will offer key information and tools to help you make more informed, strategic decisions in your individual businesses.

Of course, there’s even more to the program with networking opportunities, receptions, and times for business partners to meet. Don’t miss Wednesday night’s Trustee Foundation Dinner at the Folger Shakespeare Library (by invitation only), or the political updates at the

ARDA-ROC Legislative Luncheon.

Thursday will feature the main portion of the program—with a “Board Bulletin” session , insights from Marci Rossell (former chief economist for CNBC), and then keynote speaker David Gregory (former host of NBC’s “Meet the Press”). Friday kicks off with the Chairman’s League breakfast (speaker, Chris Cillizza), immediately followed by our finale event— “Meet the Chairmen” session, which will close out our time together.

Click here for registration information and a detailed schedule (including the committee listing). 

We look forward to seeing you soon in Washington!

 

Ready for ARDA West?

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 Ready for ARDA West? 

Denver City Scape
   

The American Resort Development Association’s (ARDA) annual regional meetings bring together local timeshare  leaders and representatives for valuable updates and productive discussions about the future of the industry. After a great turnout for ARDA Southeast in Charleston, South Carolina last month, we’re excited for ARDA West, kicking off tomorrow, October 21, in Denver, Colorado!

Unable to join us? You can still participate and follow along on Twitter and Facebook, as we highlight the brightest ideas and key takeaways from our collection of speakers and presenters.

And if you’ll be there with us in Denver, join the conversation! Use the hashtag #ARDAwest to tell us what you think about cutting-edge owner happiness and how associations are selling their owned inventory. Network in person and online! And share your suggestions for the best places to grab dinner downtown.

The weather is looking clear and sunny. We can’t wait to see you there!

#ARDAwest 

 

Engaged Employee = Satisfied Customer

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Engaged Employee = Satisfied Customer 

Happy Employee2  

Every business wants satisfied customers. But many don’t realize the secret sauce is right in front of them—their employees.

Over the years, several studies have examined the link between engaged employees and satisfied customers. Perhaps most notably, Gallup’s 2013 State of the American Workplace found a strong correlation between highly engaged employees and customer loyalty, along with increases in productivity, sales, and profits. Clearly, engagement is not something to be ignored.

But how can we tell if our employees are engaged? And what does that even mean? Recently, attendees had the chance to hear first-hand from Karen Case, vice president of human resources at Wyndham Vacation Ownership, who spoke at ARDA’s Southeast Regional Meeting held in Charleston, SC.

Karen described engaged employees as those who have an emotional commitment to their organization and its goals. They are passionate about their job, often going above and beyond their responsibilities for the greater good of the company—as opposed to the not-engaged employees, who are essentially phoning it in, putting the time but not the energy or passion into their work.

On the flip side is the actively disengaged employee. These are the employees who aren’t just unhappy with their jobs but have a toxic mindset that, if left unchecked, could spread throughout your business like wildfire. They do the bare minimum to get by, constantly undermine their coworkers, and even sabotage projects. While you should still do your best to find out why they’re so disengaged, in some cases the best option for everyone is to part ways. But that doesn’t mean you should dismiss all of them. In fact, given the right tools and attention, you may still be able to turn many of these employees from actively disengaged to engaged.

So what steps can you take to increase engagement in your organization? Karen offers these tips:

  •  First and foremost, it has to start at the top. If your leadership isn’t engaged, you can’t expect your employees to be.
  • Next, ask them for feedback. Once you’ve surveyed your organization, define a few key themes within the results so you can report back out to them.
  • Communication is key—you want them to know you’ve heard what they have to say.
  • Then, develop action plans around those key themes, continuing to communicate to them as you make progress against the plans.

Ultimately, doing what’s right for people proves to be what’s right for the organization. When you start by making employee engagement a goal and focus of your business, you’ll reap the rewards—a successful business with happy employees and happy customers.

Strategic Inventory Investments

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Strategic Inventory Investments

By Jon Blackmon
October 6, 2014 

hotel-pool 

With the timeshare industry experiencing economic growth, many resorts are adding rental programs to their growing repertoire of services. These programs allow the general public access to timeshare resorts without long-term commitments, creating buzz around the benefits of condo-style accommodations and allowing resorts to capitalize on previously unused space. Tapping into this new consumer pool allows resorts to foster relationships with previously elusive markets and by offering a stay unlike any hotel, timeshare resorts can demonstrate the value of their resort, thereby gaining loyal and happy customers. 

Read more about the benefits of timeshare rental programs in the September issue of Development’s Magazine

 

Transparency and Education Leads to Happy Timeshare Owners

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Transparency and Education Leads to Happy Timeshare Owners

By Howard Nusbaum
September 29, 2014 

 Couple in Greece  

Last week, the Resort Development Organization (RDO), ARDA’s European counterpart, hosted their annual convention, RDO5, in London. Representing the U.S. timeshare industry, ARDA’s immediate past chairman and current CEO of Holiday Inn Club Vacations, Don Harrill, ARDA Treasurer and partner at Baker Hostetler, Rob Webb, and AIF Executive Vice President, Darla Zanini, made the trip with me across the pond to discuss our many shared successes and challenges within the international timeshare industry.

The event featured fascinating speakers, including Michael Levie, Founding Partner of CitzenM Hotels, Dean Van Leeeuwen co-founder and Chief Exploration Officer of TomorrowToday, and YouTube sensation, Louise Pentland. But one particular speaker—BJ Cunningham, an entrepreneur and founder of several companies, including the notorious Death Cigarettes—shared a message that really stood out to me. So simple yet profound, in just an hour, BJ was able recount with real-life examples the power of truth and transparency in marketing and sales practices.

While hearing BJ’s dynamic presentation, I began to think about how transparency has brought potent change to the timeshare industry over the past couple of decades. Twenty years ago, consumers came for discount tickets to the attraction de jour only to end up in a timeshare presentation. These days, our consumers are educated, and we like that.  It doesn’t mean they won’t exchange their time for the promise of a gift, but they understand why they’re there and already have a level of interest in the product. Today’s consumers already know so much walking into a presentation that they aren’t being sold just any product—they’re buying what they want.

Timeshare has always offered consistent quality in lodging and coupled that consistency with the actual discipline to taking a vacation. It’s that needed annual getaway with friends and family that helps us put our lives in perspective and renews our spirits. We need to continue to educate new and potential owners, not just about the product, but about the benefits to our health, our work, and our home lives. Resources like VacationBetter.org, a consumer-focused website offering valuable information about buying and owning a timeshare, are there to help consumers make an educated decision matching their family and financial needs with the vacation product that is right for them.

VacationBetter.org is a website all about transparency—no sales tactics, no smoke, no mirrors—just a look at what a timeshare can offer.  ARDA, with the help of the timeshare community, has invested in this educational tool because, as we know, an educated prospect is the ticket to a happy owner.

 

Industry Continues to Expand

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Industry Continues to Expand 

By Phil Nix & Chris Folsom
September 25, 2014 

 Projection Graphic 

Deloitte’s research for the ARDA International Foundation (AIF) shows that the U.S. vacation ownership industry has grown at a relatively strong pace, as it continues to withstand the turbulence observed in the broader economy.  In a longer article from the September 2014 Developments, we presented selected results of AIF’s Financial Performance 2014:  A Survey of Timeshare & Vacation Ownership Companies, but a quick glance at the findings gives the timeshare industry reason to be optimistic.

  • Timeshare sales continued to signal significant expansion in the industry.
  • There were increased tour flows in 2013, with 2.27 million sales tours hosted over the year’s span.
  • Average volume per guest and transaction value per guest increased from the previous year.
  • FICO scores increased and default rates for these higher scores decreased.

The financial performance of the industry is valuable as companies change their business models and investment strategies.  And based on these findings, we saw another strong year of timeshare sales, with robust growth and expansion.

For a more detailed viewing of the report, visit www.arda.org/researchlibrary.com

 

You Don't Know What You Don't Know

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You Don't Know What You Don't Know

By Keith Stephenson, Director of State Affairs
September 15, 2014

 You Don't Know What You Don't Know 

For the majority of people, not knowing everything about the way their business or industry works is perfectly alright. The fact is, they don’t really need to know it all in order to still be effective at their job.

But when it comes to regulators, what they don’t know may have unintended consequences in the industries they regulate. With all the priorities on their plate, it’s clear to see how they may not have time to study certain nuances and business specifics. And that’s why it’s so important that we do our job of bringing the education to them.

Now more than ever, given the evolution and complexity of the product, it’s critical these representatives understand how new rules and regulations will impact the timeshare industry and its owners. To help facilitate a deeper understanding of timeshare among regulators, ARDA’s Regulatory Outreach Committee introduced a comprehensive state regulatory/agency education initiative this year. Over the past eight months, the committee has hit the road with a presentation to help strengthen relationships with and educate regulators about the ever-evolving timeshare industry—from product types to legal structures (and much more). To date, they have presented to regulators in 10 jurisdictions across the United States and the Caribbean, helping these representatives better understand the product they’re being asked to regulate.

Education is the key to our success, and there’s no doubt this critical effort is paying off in spades. It’s not just reinvigorating relationships with officials who regulate our industry—it’s also creating opportunities to influence future legislative and regulatory changes in the best interest of the industry and owners alike. In fact, the initiative has been so successful that the committee is now being proactively reached out to by regulators, agencies and associations, requesting that they present to them and their teams. By the end of the year, the team will present in three additional jurisdictions and at the Association of Real Estate Law Officials’ (ARELLO) annual convention. They have even been asked to conduct an educational panel for Real Estate Investigators, so they can better understand the product and more effectively tackle our shared concern of timeshare fraud.

But with changes in agency staff familiar with the timeshare industry, and term limits that create turnover in government, educating regulators is a never-ending process. One thing you can count on—education will always remain a top priority for us, and ARDA and its Regulatory Outreach Committee remain committed for the long haul.