I'm quite sure they were losing money and they entered into this scheme in a desperate attempt to recoup their losses.
In warm weather destinations, like the Caribbean, Mexico and Florida, advance bookings were very strong and hotels, particularly at the high end, are tight on space. Many popular destinations are sold out for weeks at a time. From an operator standpoint, this is going to be a strong winter. From a consumer's perspective, if you don't have reservations already, you need to get working on that.
There's a time-share purchase opportunity for virtually any size wallet.
There is no question that there is a greater propensity to travel across all segments -- leisure, group and business.
The good news is that the Dominican Republic is, from purely a cost perspective, easier to develop and traverse than the French Alps.
Every time there is a fraud, investors profess to do more due diligence and this is no different.
Every so often there's some money left and there's a fight over the carcass. But it's a cost-benefit analysis. How much money do you want to spend chasing it if there's not that much left?
It has a wonderful reputations, a wonderful following -- a staff-guest ratio of over two to one, ... It's really one of the best spas in the world.
As soon as they learned of these things, they sent a cancellation of their subscription, which they were entitled to do, but which has not been honored.
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