Caribbean Timeshare business will bounce back, expert says

President of the American Resort Development Association Howard Nusbaum

Caribbean destinations affected by recent hurricanes have been told that they need not worry about their timeshare owners.

President of the American Resort Development Association Howard Nusbaum told reporters in Miami on Tuesday that the timeshare tourist will be among the first to return after a disaster.
“Timeshare owners because they own a piece of that real estate, they come back year after year,” Nusbaum said.
He was speaking to reporters at the 19th Shared Ownership Investment Conference which opened in Miami Tuesday.
The association president said because the properties are already paid for the owners are sure to return after a hurricane or other disaster.
Hurricanes ravaged several islands in the Caribbean whose economies depend heavily on tourism.
The timeshare expert said owners will also return to check on their properties are more likely to contribute to the rebuilding of the island.
Nusbaum is of the view that the economic impact of timeshare tourist is also greater than those who stay in hotels.
“They spend money in the community differently from a hotel guest,” he said.

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