International Timeshare Resale Association Ltd was formed in 2002 as a self – regulatory trade body, set up to monitor and improve the level of service and commitment to timeshare owners, resale brokers and other organisations connected with the timeshare resale market.
Over the past 7 years ITRA has successfully…
… promoted best practice trading to member resale agents
… assisted member resale agents to network with one another to aid client resale opportunities
… provided useful information to both member agents and consumers
… acted as a mediator between consumers and member agents when disputes have arisen.
On the 16th July 2009 an extraordinary general meeting of the committee of ITRA (International Timeshare Resale Association) was held to discuss the future of the timeshare resale marketplace.
During this meeting it was concluded that the timeshare resale market is in rapid decline to the point now where it has been estimated that the chances of a successful resale are around 1 in 1000 and even those that do manage to transact a successful resale will only receive around 20% of their original purchase price at best. With these findings ITRA no longer felt that any agent could justify the provision of a resale service and subsequently the services of ITRA in its former capacity had become obsolete.
Therefore it was with regret that we announced that we would be terminating the then current operations on 1st September 2009.
The new ITRA.
International Timeshare Refund Action
Our objective has always been to support the consumer in timeshare disputes and over the years of operating has entered into dialogue with thousands of timeshare owners from which we have discovered a pattern of abuse, deception and even fraudulent issues that have been systematically perpetrated by many of the major timeshare industry players to the detriment of owners.
Over the past 3 years ITRA has with the support of its members and sponsors who have funded the investigation of these issues we are now pursuing the coordination of a claim to the courts on behalf of timeshare owners who can justify due cause for refund compensation, distress and damages on the grounds that their timeshare purchase was not of merchandisable quality.
To find out more about the International Timeshare Refund Action please click here.