CRTA Weekly Insider Aug 4, 2023 - CRTA - Canadian Resort & Travel Association

CRTA INSIDER
Vacation Ownership News & Updates

Canadian Resort & Travel Association

August 4, 2023

CRTA MEMBER NEWS

SPI Software Celebrates 45th Anniversary

Source: CRTA

CRTA member SPI Software Celebrates 45th Anniversary with Record Growth in Resort Clients Adds more than 130 new resorts in first half of year.

Financial Performance 2023: A Survey of Timeshare & Vacation Ownership Companies

Source: ARDA

This annual report identifies important industry metrics related to the financial performance of the timeshare industry during the 2022 calendar year when the timeshare industry had fully recovered from the impact caused by the COVID-19 pandemic. Key data presented in the report includes sales volume, operating costs, rescissions, portfolio sales and securitization, and consumer financing and receivables portfolio performance.

Updates From the Telemarketing Front

Source: ARDA

Consumer choice over data has been an increasingly important issue for regulators and litigants alike. With several states passing comprehensive privacy laws in recent years, most of the focus has been on digital marketing and adtech. However, businesses should not lose focus of changes in the telemarketing world—under the new privacy laws, the federal Telephone Consumer Privacy Act (TCPA), or state “mini-TCPAs.”

Inflation is Up, Unemployment is Down

Source: Resort Trades

Resorts face multiple economic challenges today: reduced purchasing power, rising wages, higher interest rates, and tighter credit. Loan and maintenance fee receivables remain the key to overcoming these challenges. What are the impacts of inflation on loan and maintenance fee receivables, and how can portfolio managers mitigate risks and leverage opportunities in this economic cycle?

Summer Of Discontent: World Wilts From Heat, No Relief In Sight

Source: Travel Industry Today

Killer heat. Deadly floods. Smoke from wildfires that chokes. At about summer’s halfway point, the record-breaking heat and weather extremes are both unprecedented and unsurprising, hellish yet boring in some ways, scientists say.

And there’s no relief in sight. Expect a hotter than normal August and September, American and European forecast centres predict.

Travel Edge: Redefining The Pathways To Success

Source: Travel Press

In a wide-ranging conversation with Canadian Travel Press, Miller talks about travel trends, disruptions, more on Generative AI, sustainability and, along the way, offers some insights into how Travel Edge has been redefining the pathways to success in the retail travel business.

A mistrial in the cases for and against travel

Source: Travel Weekly

Earlier this summer, the New Yorker published an article titled "The Case Against Travel" by University of Chicago philosophy professor Agnes Callard. Last week, New York Times columnist Ross Douthat responded with "The Case for Tourism."

What to Do If Your Flight Is Canceled, According to a Travel Expert

Source: Travel + Leisure

Between extraordinarily high demand from passengers, airline staff shortages, and standard summer weather delays, flights have been delayed or canceled left and right. And while any unexpected schedule changes makes flying a hassle, it shouldn't completely discourage you from traveling.