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The Fractional and Shared Ownership Trade Association (FSOTA) has become a member of the trade body for vacation ownership, Resort Development Organisation (RDO). RDO promotes best practice and fair trading in the industry while protecting consumers through its code of conduct. While remaining a stand-alone association, FSOTA members are now bound by this code.
Formerly known as OTE (Organisation for Timeshare in Europe) RDO changed its name and opened up its membership to reflect changes in the vacation ownership industry, which has moved well beyond traditional forms of timeshare to include offerings such as ‘floating weeks’*, the points system*, fractional ownership*, private residence clubs*, destination clubs* and condo hotels*.
“We renamed ourselves as RDO so we could truly reflect the extensive range of holiday options now available in the vacation ownership market,” said Richard McIntosh, Chairman of RDO. “With FSOTA joining us we are able to significantly increase our representation of the fractional ownership market. It will allow FSOTA members to benefit from our eleven years of experience at promoting best practice, working with governments for fair legislation and working with the authorities to combat fraudulent activity. Very importantly, people who own fractional properties with FSOTA members will now be protected by our code of conduct.”
Piers Brown, chairman of FSOTA commented: “We were set up to represent fractional property developers and to promote responsible growth of the industry. Joining RDO is a very positive step for us as our members can benefit from being part of a wider association which has a track record of representing the industry and enforcing high standards of conduct and professionalism. We expect fractional and shared ownership to continue to increase in popularity and membership of RDO will help the industry grow.”
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
