April 26, 2018
Verifiable Data Available to Track & Compare Resort Financial Trends 
Annually, WithumSmith+Brown, PC (Withum), conducts a study to track and analyze trends in the financial information of 100 Florida timeshare resorts, benchmarking their performance as compared to prior years. Because the study uses verified data from audits, it gives an extremely accurate comparison of the budgets and performance of the participating resorts. The current study has recently been published and is being made available, free-of-charge, at Withum.com .

Analysts can use the data to extrapolate and determine budgeting trends in bad debt and liquidity of resorts, for example. They can review whether resorts are budgeting adequately in anticipation of their historical number of unpaid annual maintenance fees.

In reviewing liquidity, readers can see if resorts are spending 'next year's money' by using prepaid assessments that will be needed in the coming months. With regards to financial performance, the study reviews operating deficits and the status of reserves. In addition, Withum's report looks at developer guarantees or subsidies, deeded-back inventory, and association-owned inventory, comparing branded versus independent, or non-branded, resorts.

Trends in assessments and expenses have been a major focus of the study throughout its 14-year history. Withum tracks the average total assessments of each resort for a weekly interval or its equivalent to compare increases, as well as operating expenses.

The study has provided verifiable historical data throughout the years and has helped resorts to identify potential problem areas. It has proven to be an invaluable resource in conveying areas of concern to boards and managers as they seek to improve their resort's financial health.

Parties seeking additional information about the study, or about services available from Withum, may contact Lena Combs ( Lcombs@withum.com ) at (407) 849-1569. Click HERE  to read Combs' article beginning on page 36 of the April 2018 edition of Resort Trades magazine.

Across the Transom...
Here's a look at some of the news we've seen this week.

Diamond Resorts™, a global leader in the hospitality and vacation ownership industries, has closed on the acquisition of The Modern Honolulu, a boutique hotel in Honolulu, Hawaii.

Rated a Forbes Travel Four-Star hotel, The Modern Honolulu adds to Diamond Resorts' collection of premier resorts, and is the company's first managed property on Oahu. The Modern Honolulu is typified by a modern Hawaiian vibe, ocean and marina views, multiple food and beverage offerings, a full-service spa and two swimming pools. In addition, guests have immediate access to Waikiki Beach, and world-class shopping and dining on famed Kalakaua Avenue and at Ala Moana Center.

Orange Lake Resorts, home to the Holiday Inn Club Vacations brand, is expanding its top tier luxury line of villas to its Cape Canaveral Beach Resort and sharing a first look into the villa designs and amenities. Completion of the new Signature Collection building, which includes 42 two- and four-bedroom villas, is expected early this summer. A new outdoor pool adjoining the building also is currently under construction, with a new boardwalk that leads to the beach currently in the design phase.

Resort Trades Weekly | 931-484-8819 |   news@resorttrades.com |   www.resorttrades.com