Timeshare revenue soars for ACCOR

Fiona Cameron, ResortsJuly 05, 2006

ACCOR Premiere Vacation Club had gross revenue of more than $100 million in the past year as the holiday timeshare industry rode the crest of a wave.

The company spent $60 million buying property around Australia and New Zealand in the same period, APVC's chief operating officer Jim Sabot said.

This brought the portfolio to 15 resorts and properties, and three more deals were due to be announced soon.

Club membership was growing by 6000 per year, Mr Sabot said, and the organisation - based on Queensland's Gold Coast - would have more than 1000 employees by year's end.

APVC is a joint venture between the Paris-based Accor Hotels and Melbourne developer Becton Group.

Industry insiders say that from Accor's point of view, the Australian-based timeshare venture is an experiment that will be rolled out elsewhere in the world if successful.

...perhaps it's time to get timeshares in Australia?

Timeshare revenue soars for Accor | Property | The Australian

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