Despite the soft economy overall, timeshare resales and timeshare rentals at Sell My Timeshare NOW are thriving. This online timeshare company has released a strong third quarter earnings report and has not been hurt by the US dollar's decline in the foreign market or a weak housing market and the crisis of sub prime mortgages.
Dover, NH (PRWEB) October 10, 2007 -- Sell My Timeshare NOW, LLC reports strong third quarter earnings. The online timeshare resale and rental advertising and marketing company reported being 33 percent ahead of last year's revenues at the end of the third quarter of business. Although they are a privately held company and as such do not release earnings reports, the Dover, New Hampshire based timeshare resale and timeshare rental company has issued a corporate summary of economic stability and year-end projections for the company. The report includes a synopsis of each of the following areas of the company's business:
(1.) Sell My Timeshare NOW's website traffic, now averaging over 1.8 million visitors per month.
(2.) Offers to buy timeshare or rent timeshare received for properties advertised on Sell My Timeshare NOW. Offers totaled $209 million through the third quarter and include over 53,000 offers made for purchase or rental.
(3) Revenues for Sell My Timeshare NOW, through the third quarter, which totaled $5.1 million.
Jason Tremblay, CEO Sell My Timeshare NOW
Company founder and CEO, Jason Tremblay says, "Our website has seen a 42 percent increase in traffic during the past twelve months. As a result of the increased traffic and our excellent inventory of timeshare resales and rentals, we are 50 percent ahead of where we were this time last year in the number of offers to buy timeshare or rent timeshare."
While many timeshares today are held through deeded ownership as real property, much like residential homes, timeshare resales are not suffering from the types of problems that have hurt the real estate market across the country, nor have sub prime mortgage issues affected them. Instead, timeshare vacation ownership remains one of the fastest growing segments of the vacation and tourism industry. Both the sale of new timeshare and timeshare resales continues in a growth mode with Sell My Timeshare NOW reporting a 20 percent increase in total dollar amount of offers to buy timeshare or rent timeshare over the third quarter results in 2006.
The company's Vice President of Marketing, Mehrl K. Martin, explains, "When you rent or buy timeshare, you lock-in today's price for vacation lodging. In an economy where the price of hotels and vacation home rentals continues to increase, buying timeshare on the resale market is one of the few things a family can do as a hedge against escalating vacation costs."
The full corporate summary is available at:
http://www.sellmytimesharenow.com/media/third_quarter_report_2007.pdf
About Sell My Timeshare NOW, LLC:
Sell My Timeshare NOW is an industry leader in providing advertising and marketing for timeshare owners who want to sell timeshare or rent timeshare. For 2007, SellMyTimeshareNOW.com is on track to present to its customers $278,900,000 in offers to buy or rent timeshares. Jason Tremblay, CEO, is available for interview at 603-516-0649 or by emailing steveluba(@)sellmytimesharenow.com
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