The newly opened Hilton Hotel called The Gran Islander in Waikiki, Hawaii has only been open two weeks and has already sold 99 percent occupancy for the 38-story Timeshare property.
The president and CEO of Hilton Grand Vacations Mark Wang made a statement saying that the building will contribute to Hawaii’s tourism industry by creating holiday makers who will return yearly spending money in the surrounding bars, restaurants, shops and attractions. Mark Wang also added that The Grand Islander will have a total of 20 thousand new owners that the state will not need to spend money marketing on as owning a Timeshare alone is a reason these individuals to return on a yearly basis. The president and CEO of the Hawaii Tourism Authority George Szigeti agreed that another Timeshare Resort will help attract more tourism as based on 2016 figures Timeshare hotels and resorts had a 10 percent higher occupation level than standard hotels.
With a variety of one, two and three bedroom units the building consists of a total of 418 units and was designed by local architecture firm G70 with interior design by Southern California based Indidesign. George Szigeti described the property as “luxurious without being pretentious” and embraces the Hawaiian accents prevalent throughout including monkey pod tables, counters and art.
The cost of having the privilege to own a Timeshare in this resort can range anything between $40,000 to $400,000 per week depending on the unit and size you want.
Mark Wang stated that within the Timeshare Resorts last year 46 percent was tourists travelling from Japan, 45 percent was travelling from the Mainland and 9 percent was visitors from other international destinations. Throughout the Timeshare resorts there was a whopping 90 percent occupancy levels.
Mr Wang also stated that he has kept all markets in mind and adapted the rooms to accommodate this, such as the majority of travellers from the Mainland prefer a king size bed but two double beds are much more popular with people travelling from Japan.
It was only in January that Park Hotel & Resorts Inc and Hilton Gran Vacations Inc decided to split and go separate ways from Hilton Worldwide Holding to unlock the value within the companies allowing them to invest this into growing the business and says this will increase the value for their shareholders.
For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk