Repetitive flight cancellations push timeshare owners towards misery

Monday, July 18, 2022

Timeshare owners are facing huge distress in controlling finance and the workforce due to summer travel chaos and flight cancellations. The last two years have been exceptionally tough for the tourism industry.

Timeshare owners are bracing for yet another summer of disappointment. Overbookings, bankrupt resorts, and flight cancellations are causing even loyal members to change their plans for the holidays.

The pandemic repercussions have pushed the holidaymakers towards absolute distress for the last two years. With the majority of the holiday industry, refunds were given and alternatives offered to about 95% of the foreign passengers.

However, the timeshare industry instead decided to charge full fees, but offer extra accommodation the following year (whether it was convenient for their customers or not.) A spanner was thrown in the works when in 2021 resorts were closed again. Clients were once more charged in full with the promise of all the accommodation being rolled over again to 2022.

The airport disruptions have further complicated the position of the stakeholders. Many people have lost their jobs while many have been newly appointed. Hotels are open for business, but airlines are unable to replace their staff in time to whisk guests to holiday destinations because of the security complexities of hiring airport workers.

Without these workers, the flights can’t take off, despite airlines frantically trying to fill staffing gaps right up to the last minute. The flight cancellations have surged to about 70%. The holidaymakers have been waiting in the queue for more than 24 hours, only to be disappointed due to flight cancellations. Even after two years of pandemic huge volumes of flights are expected to be called off this summer, with EasyJet alone announcing that they will cancel over 10,000 flights. This has led to huge financial losses for Timeshare and everybody.

Even after all of this Timeshare owners have to pay their annual fees in advance. Andrew Cooper, CEO has stated that Timeshare just isn’t equipped to deal with the challenges facing the modern holidaymaker.

He also stated that new member sales have dropped off a cliff in Europe because people today need to be able to book or change holiday plans at short notice. They don’t want to be committed to paying every year a fee which is usually more than a regular holiday. Especially if they might not even be able to take that holiday.

Andrew Cooper said that Timeshare is not ready to deal with such a devastating situation. The European Consumer Claims are options that the European citizen can avail.

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