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The Grand Islander by Hilton Grand Vacations Club Opens in Waikiki

Hilton Grand Vacations Club has opened The Grand Islander by HGVC, the timeshare developer's newest timeshare tower at the renowned Hilton Hawaiian Village Waikiki development. The Grand Islander is the fifth HGV property on the island of Oahu and the eighth timeshare regime developed in Hawaii. The brand new property boasted a 93% occupancy rate for the grand opening, an indication that demand for luxury Hawaii timeshares remains very strong and exemplifies the strength and desirability of the Hilton brand within the timeshare industry. “The start of sales for The Grand Islander roughly two years ago was the most successful launch of a new timeshare project in our company’s history, which signifies the current strength of Hawai‘i’s visitor industry and speaks to the continued demand for the destination from our HGV members,” said Mark Wang, president and CEO of HGV.  Estimated initial pricing for ownership ranges from $23,000 to $500,000 and interval owners will be responsible f…

National Conference of Insurance Legislators Revises Travel Insurance Model Act

The National Conference of Insurance Legislators voted to adopt the Proposed Amendment to the Limited Lines Travel Insurance Model Act. The full text of the document can be viewed HERE.  The proposal addresses licensing requirements, attempts to create a more comprehensive legal framework to regulate the sale of travel protection products, and encourages fair and effective competition in the market. The proposal does not appear to attempt to restrict online travel sites from selling "Cancellation Fee Waivers", which are profitable upsales on many popular websites such as HomeAway and VRBO but are not actual travel insurance products. However, the wording does appear to require a clear differentiation of the two products- which should help to increase consumer awareness and decrease deceptive marketing tactics, as well as provide some basis of consumer protection from excessive rates.  If you are interested in learning more about travel insurance products and guidelines, ple…