Fractional Ownership News

Fractional Summit a resounding success

You can now view a selection of delegate materials from this event here. For details of the Fractional Summit 2009 please visit this link with materials available here.

Held at the prestigious Andaz Hotel in the heart of the City of London and organised by Fractional Life with sponsorship by Registry Collection , Citadel Trustees Ltdand DCP International the event attracted over 120 fractional property and service operators from all over the world together with leading property journalists.

The delegate and speaker list read like a who’s who within the fractional industry and Piers Brown, Founder of Fractional Life chaired the day, following a champagne networking reception the evening before.

While delegates were taking their seats, video footage of the Fractional Life Expo 2008 was shown and Piers welcomed everybody to “what promised to be both an educational and informative day”. He reminded delegates of the positive media coverage the fractional industry is currently receiving in these turbulent times and how he felt “an active presence in the fractional property marketplace right now is essential” and that consumer purchasing habits are changing.

He introduced his first speaker by sharing the fact that the US fractional marketplace continues to grow and in 2007 was up 8.3% on the previous year, worth a total of over $2.3 billion -

David Disick, President of David M Disick and Associates covered the Fractionals 101 session explaining the similarities and key differences between fractional, destination club and private residence club business models. He also enlightened the audience with some background on how he helped establish the whole PRC marketplace with the successful launch of the Franz Klammer lodge in the US in 1994.

Peter Kempf, CEO, Managing Director Europe, DCP International enthralled the audience with his knowledge of the US marketplace and the successes he’s had in the Europe with sales and marketing Palazzo Tornabuoni and Club Borgo di Vagli fractional.

He also told delegates to expect ‘phenomenol’ growth in Europe over the next few years at a pace to exceed the growth experienced in the US, and explained his reasoning behind this.

Brett Archibald, Senior Vice President, Business Development, The Registry Collection presented the benefits of a luxury exchange network and some informative statistics on how fractional ownership has grown worldwide over the last few years, with a particular focus on fractional ownership within South Africa where timeshare doesn’t suffer from the stigma it has experienced in Europe.

The panel discussion, hosted by John Roderick, President, The Guild Collection took the format of ‘ Fractionals – A Winning Formula for Developers and Investors?’ Andrew Berry, Senior Consultant, the Pepper Corporation re-emphasised the key differences between the various fractional models and the difficulties experienced with how people interpret various fractional property definitions. Simeon Singer, Managing Director, The Hideaways Club gave delegates an insight into the Destination Club marketplace in Europe and how well the Club has faired since launch.

Nick Turner, Vice President, Business Development, The Registry Collectio

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