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According to SKAL's February lunch-meet guest speaker, David Clifton, the Middle East is perceived by experts in the
vacation ownership industry as having incredible potential.
“In Dubai, the sector is in waiting for specific timeshare regulation to be passed any day now and this will have a major
impact on the choice of accommodation development by investors in hospitality real estate,” Clifton predicted.
“Meanwhile, wise developers and investors are already planning to add timeshare to their hospitality portfolio.”
Clifton, Interval International’s managing director EMEA and Asia, is scheduled to speak to the travel and tourism
industry at this month’s meeting for SKAL Club members, which will include SKAL President, Trevor Owens of Alpha
Tours.
He will share his thoughts on why the sector is 'hot' with consumers and why he believes that the region - led by the
UAE - is pegged to be the next 'big timeshare destination' with more than 70-Dubai chapter Skaleagues and guests.
This appearance is in advance of a sector-specific vacation ownership forum which is expected to attract more than
150 senior business executives representing the main players in the region’s timeshare and fractional ownership
sector at the Vacation Ownership Investment Conference (VOIC) next month (Arabian Court, Royal Mirage, Dubai,
United Arab Emirates, March 6 2007).
“The Middle East is perceived by experts in the vacation ownership industry as having incredible future potential,”
said Clifton.
Clifton is expected to stress to Skaleagues that timeshare is a sector that must be understood thoroughly and
managed with respect : “This is a business model that once understood brings enormous value to the table of
everyone involved – the investor, the developer, the operator and, ultimately, the consumer,” he concluded.
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