Helping member resorts
Monday 28th September 2009
A letter has recently gone out to all members of the Timeshare Association TATOC, from its Chairman, David Eastburn, with the news that there will be a further freeze on subscription fees in 2010.
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| Membership Fees Frozen |
This was not an easy decision for TATOC, since over the past year it has suffered a significant rise in costs which greatly impacted its reserve funds. These additional costs have resulted from a broadening range of operations combined with the production of its new magazine, Sharetime. Whilst these activities have increased its membership base, they have naturally increased administration costs.
Due to its current level of operations, TATOC will experience a continued deficit in 2010 which the rise in gross subscription income will not sufficiently reduce. Tempting though it was to issue an increase in fees for next year, the Board eventually agreed that this would be delayed in order to support those member resorts in financial difficulty during the current economic climate.
It was considered that the steady income generated by the TATOC website and by grants from the Timeshare Partnership Trust (an independent fund established by the RDO) would provide a sufficient financial buffer in the short term. However, these grants are only awarded on an annual basis and cannot be considered a regular source of income in future.
The Board of TATOC continually monitors its costs and researches other sources of revenue to keep membership subscriptions at levels that appropriately reflect the hugely improved service provided to members. Now that the TATOC Accreditation Programme is fully in place, it has been observed that resorts that are not members of the scheme are being examined ever more thoroughly - making TATOC membership a "must" for resorts striving to maintain high standards of quality and service.
To find out more visit the TATOC website
