Disney Vacation Club Confident in Vacation Ownership

Disney Vacation Club has confidence in vacation ownership and is expanding its work in this area outside of Orlando, it has been revealed.

James M Lewis, president of Disney Vacation Club, noted that the company is opening its newest resort in California and is also developing another in Hawaii.

Timeshare owners that become Disney Vacation Club members can take advantage of Discounts on select dining as well as on select Theme Park Annual Passes at Walt Disney World and Disneyland Resorts.

Mr Lewis made his comments after the American Resort Development Association (ARDA) announced that the US timeshare industry is proving to be resilient in the downturn.

According to ARDA, timeshare owners are still enjoying their pre-paid timeshare holidays, with an 80 per cent occupancy rate and an 86 per cent product approval rate.

Chief financial officer of Diamond Resorts International David Palmer, meanwhile, revealed that its closing rates this year are identical to those last year.