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Timeshare Investigation Brings Scrutiny To Sector

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Posted: 28 May 2011 | 9:52 am

Reports of a new government task force with joint agency cooperation is set to bring the island's shared ownership under increased regulatory vigilance.

An increasing number of consumer complaints have been received recently highlighted by allegations over company defaults and non fulfillment of obligations to buyers.

Patong is at the center of the squall, where the municipality has been working to control overzealous sales and marketing pitches on the street and in shops where tourist feedback is increasingly negative.

While Phuket has a long history of quality vacation ownership companies, a recent surge in start-up's and the domino effect of competition driven pressure is starting to bring a wave of issues to the limelight.

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THAI HOTEL SHARE PRICES
Name Current Change

CENTEL 11.80 + 0.10 %

DTC 33.50 - 0.50 %

ERW 2.58 0.00 %

GRAND 1.14 - 0.01 %

LRH 39.00 - 1.00 %

MANRIN 12.40 - 0.20 %

MINT 12.90 0.00 %

ROH 21.00 0.00 %

SHANG 31.50 0.00 %

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