Aruba has placed a moratorium on new construction and privatized its tourism authority both measures geared at preserving its valuable timeshare industry.
Ursell Ardens President of the Aruba Timeshare Association says the island was becoming too overwhelmed with visitors.
Aruba attracts on average over 1.1 million stay-over visitors a year and a large portion of this is are timeshare owners.
Ardens says the moratorium will help ensure that the experience for its loyal timeshare visitors is not adversely impacted.
Timeshare contributes 20 percent of the Gross Domestic Product of Aruba according to a study conducted by the Univerity of Arbuda.
Having a timeshare property has become a great way for people to pay for a holiday without the added expenses as they can take their families away when they are able to. However, this is not always the case and can cause people to want to get out of this, it is understandable that Ardens wants to keep timeshares at a steady level, but in some cases, people are in need of a timeshare exit team as they can not keep paying the expenses.
This is a positive move on both sides, as timeshare companies want to have people who are able to pay for their share, which will help the industry thrive with those who are invested and provide freedom for those who want to save their money.
“We don’t want our timeshare visitors going to be beach and can’t find a space,” Ardens said.
He indicated that there is also an environmental reason for the moratorium.
He indicated that privatization has helped to remove political involvement in the development of tourism and allows professionals to manage the industry.