Timeshare has been one of the great innovations of the modern era. For well over a hundred years, vacationers and professionals, as well as dignitaries representing their publics have always had the use of their hotels and, on the smaller scale, inns and motels. But these venues have had limitations or restrictions for lower to middle income earners. Perks and luxuries, if they could afford these, always had to be booked months in advance.
That was always going to be inconvenient. But the attraction of taking up a timeshare was that, like the wealthier classes, average income earners could now afford to fully take ownership of their vacation or holiday accommodations. It was, however, dependent on the quality of service being offered. The biggest bugbear for many timeshare investors has been seeing their investments lose in value due to material neglect by other parties (and with the property administrators doing little in response).
Also, it became extremely difficult to buy a timeshare week at the convenient or appropriate time. In spite of high fees being offered, clients still had to shift their plans. And they were never really sole owners to begin with. Locked into difficult to break contracts, many timeshare clients are begging out loud to; please get rid of my timeshare. Fortunately, they can now do this. Of course, they will not be acting alone.
Legal agents are assisting them in freeing them up from irreverent and unworkable contracts. But this does not mean that it is now the death of timeshare. It still has value and benefit for the owner. It is just a question of locking into a contract with a competent and reputable developer or property owner. And the agents that helped free irate clients before can also assist interested parties with new deals.