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Withum Provides Its 2016 Benchmarking Report
Results of their first study were released in January of 2011 and covered data accumulated from approximately 100 Florida timeshare resorts comparing seven years of historical information. This year’s study will encompass thirteen years of history.
The study includes comparisons of accounts receivable and bad debt performance, liquidity, developer involvement, assessment rates, expenses and several other metrics these approximately 100 HOAs have experienced, as well as observations made by the Withum timeshare team.
“As in past years, the study has enabled us to reach several important conclusions about Florida timeshare associations, many of which are applicable throughout the industry,” says Durkee.
Adds Combs, “We also created a podcast to help explain our methodology behind the creation of the Benchmarking studies and to provide our views on how the information may be useful to resort operators and HOAs.”
For more information about the project, contact Lena Combs (LCombs@Withum.com) or Tom Durkee (TDurkee@Withum.com) at 407-849-1569. To request a copy of the study, send an email request to JLiem@Withum.com and include your name, company name, phone number and email address.