Timeshare properties lead recovery in Hurricane battered islands

Timeshare properties in the Caribbean affected by Hurricanes last year are bouncing back and so are the economies of the countries where they are located.

Hurricanes battered the island of St. Maarten, the USVI and BVI which are known for their strong shared ownership resorts.

However, one year later Neil Kolton a leading expert in the regional timeshare business says those that have been hit are bouncing back at tremendous rates.

“The good news is, all our clients are fully committed. If they are not already reopened, they are actively building and are excited about reopening.”

Kolton who works with Interval International says major timeshare properties in St. Maarten, St, John and other parts of the region are functioning one year after Hurricanes Irma and Maria.

He said about 50 per cent of properties is back online with near full restoration expected in the next year.

“And the resorts never looked better,” he said.

Some properties suffered total destruction and while some have been slow to reopen other have returned bigger and better.

“The industry will get back on track pretty soon.”

Generally, Kolton says timeshare continues to grow and evolve with the Caribbean retaining its position as the most highly sought after market.

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