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FlexWeek, Inc. (FXWK) Reducing Unused Timeshare Inventory with Innovative Platform
FlexWeek, Inc. (OTC: FXWK) is helping timeshare owners discover, book and offer unused vacation time directly to the public and other timeshare owners through the use of an innovative platform.
Unlike traditional trading platforms, such as Interval International and RCI, FlexWeek’s groundbreaking approach to the timeshare market eliminates costly fees that often result in unused timeshare inventory. When considering the fact that the average timeshare is only booked 79 percent of the year, according to the American Resort Development Association, it’s clear that the market is ready for a more comprehensive approach to fractional vacation ownership rentals.
FlexWeek’s global marketplace is similar to that of popular vacation rental service Airbnb, but it’s designed from the ground up to suit the specific needs of the fractional vacation ownership community. While the traditional rental model has required owners to bank timeshare weeks with a trading company, FlexWeek passes the booking fees directly to the renter. This feature helps minimize the costs associated with private timeshare ownership by keeping the unit occupied.
Since owners are required to pay annual maintenance fees even if they don’t visit the unit during the year, high occupancy rates are the ideal way to combat the expenses of fractional ownership.
By offering unused time directly to the renter and eliminating the middleman, FlexWeek is allowing timeshare owners to maximize the return on their investment.
For more information, visit www.flexweek.com
