Fractional Ownership News
Fractional Summit- Further details released
Fractional Summit 2009 - the region's largest fractional property conference is back and extended to 2 days.
With over 250 fractional professionals expected from around the world, Fractional Summit 2009 is the leading industry event bringing together key decision makers to drive the industry forward. Building on this success, the value of the event is what you learn, who you meet and the business you do.
The fractional marketplace is now one of the world’s fastest growing areas of consumer real estate, with fractional property at its core.
Having outgrown our previous venue, Fractional Summit 2009 is now extended to a 2 day event and offers a unique opportunity to meet all the key fractional property movers and shakers under one roof - making Fractional Summit an event not to be missed. This year's theme "Fractionals: the rewards, the opportunities" explores the various different facets of the fractional property marketplace and why the industry continues to gain marketshare despite the current downturn in whole ownership sales.
Fractionals: the rewards, the opportunities
Provisional Agenda
Thursday 23rd April 2009
DAY ONE
08:30 Registration, Networking Coffee and Pastries
09:30 Welcome introduction
Piers Brown, Founder Fractional Life sets the scene for the two days with a look at the growth of fractionals and meeting the challenges faced in today’s marketplace.
10:00 Fractionals 101
Outlining industry definitions of luxury fractional ownership, Destination and Private Residence Clubs and the requirements of each.
What are the key differences between Destination Club, PRC and luxury fractional ownership business models in usage plans, preferred locations, pricing methodology, success and failure factors?
10:30 Ahead of the sales curve.The US sales explosion
Richard Ragatz, President Ragatz Associates, USA
Many UK and European consumer purchasing trends tend to follow those experienced in the USA. Richard presents how the US fractional real estate marketplace exploded from zero to $2.3 billion dollar sales annually. Richard also comments on the challenges the marketplace has to face and makes some informed predictions on how he expects the European marketplace to grow in the future.
11:00 Coffee
11:30 Panel Discussion: Fractional hotspots – so what’s happening worldwide and how the European marketplace is growing?
Panel:
Gregg Anderson, Vice President, Global Product Management, Registry Collection USA
Thys Geyser, Fractional Consulting Services, South Africa
Jerry Cobb, CEO, FOC (Fractional Ownership Consultancy)
Claude Attala, Global Managing Director, Northcouse Advisory Services, Middle East, United Arab Emirates
Gary Moore, Project Director, Timbers Resorts and Castello di Casole
Peter Kempf, CEO, Managing Director Europe, DCP International
Moderator: Rupert Bates, Editorial Director, Homes Overseas Magazine
12:00 To mix or not to mix? Case Studies
Real estate developers are urgently re-evaluating whether a change in the mix of uses would improve absorption in light of rapidly chang
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