In the beginning ITRA was formed as the International Timeshare Resale Association Limited to head a self-regulatory body for the timeshare resale industry.
With the demise of the property market, the timeshare resale market also suffered to an even greater degree.
It was recognised that timeshare could no longer be resold and the increase in annual maintenance fees turned the timeshare asset into a liability. At this point the company’s name was changed to International Timeshare Refund Action.
ITRA has been at the forefront in seeking retribution from mis-sold timeshares, breach of contractual obligations and a failure of timeshare owners to obtain the promised exchanges which encouraged them to purchase timeshare in the first instance.