Diamond Resorts benefits from growing timeshare industry

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Offline TimeshareTalk

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Michael Flaskey says his industry has matured.

And for the CEO of Las Vegas-based timeshare company Diamond Resorts, that maturity — in the form of more analysts on Wall Street and more attention from regulators — has meant big money.

The company landed contract sales in 2017 worth $850 million and about $455 million in earnings before interest, taxes, depreciation, and amortization.

“We’ve grown up,” Flaskey told a crowd at Caesars Palace.

Flaskey was one of about 2,850 people in attendance for the annual American Resort Development Association convention and expo, which ended Thursday.
https://www.reviewjournal.com/business/diamond-resorts-benefits-from-growing-timeshare-industry/ [nofollow]