The timeshare industry experienced several write downs with the financial crisis that was felt by the whole world. Timeshare owners found timeshare relief by reselling their timeshare units or renting them out while timeshare companies found their relief by writing down some of its capital expenditures.

The write down started with Marriott International, Inc. last 5 months ago. And just last Thursday, Starwoods Hotels and Resorts Worldwide, inc. announced its fourth quarter earnings as well as its write down. It amounted to $362 million with the cessation of the timeshare constructions.

The chief Financial Officer of Starwood, Vasant Prabhu, shared their views on their timeshare engagement. They are currently cutting off their timeshare expenditures because the current market is not capable of earning them as much as they expected. They started out with their timeshare as an adjunct to their hotel business with the high rates of return they were seeing.

These write downs are revealing the difficulties that timeshare companies experienced with the financial meltdown. Timeshare companies may continue to stop some of their capitalization and timeshare developments. They will surely need to see the betterment of the economy until they once ago work with their timeshare plans.

Once the economy recovers, vacationers will once again look for vacation options for their convenience. They may still look for timeshare as a good vacation provider. Timeshare companies may find that a good opportunity to get back with their timeshare business even if there are still timeshare owners getting rid of their timeshare packages.