A year ago it was big news (though not a big surprise) when the independent analysts at Sharket.com ranked Disney's Saratoga Springs Resort the #1 timeshare property for resales. Sharket evaluated hundreds of timeshare resale transactions to determine which timeshare properties are the most likely to sell at high value, and Saratoga Springs came out on top with several other Disney Vacation Club (DVC) resorts not far behind. Twelve months later, Sharket has released its most recent analysis of the timeshare resale market, and once again, DVC resales are dominating the timeshare resale market in 2016.
Following in the footsteps of rival Marriott International Inc., Hilton Worldwide confirmed plans this morning to split off its timeshare business, Hilton Grand Vacations. The timeshare company, which has accounted for roughly 12% of Hilton's total revenue, will form a separate publicly traded company. Under the terms of the separation, Hilton Grand Vacations will maintain a portfolio of appoximately 50 club resorts in the United States and Europe. Additionally, it will have an exclusive, long-term licensing agreement with Hilton to market, sell and operate resorts. The spinoff is expected to be complete by the end of the year.