Business Dump - Travel and Leisure

Let's face the facts: gone are the days of Motel 6 having a price close to$6 a night or of a Super 8 being not only super, but close to $8 a night. Even our Holiday Inn had humble beginnin

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

gs and today's fancy coffee drinks at Starbucks often exceeds the price of an original night at a Holiday Inn. We don't have the crystal ball on inflation and future vacationing, but we do

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

know that our seniors who want to enjoy the high quality vacations for themselves, with friends, and loved ones, could greatly benefit by having an ownership plan whether vacation ownersh

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

p or a timeshare to set the future costs with today's dollars.

With vacation ownership and timeshare, seniors are not sacrificing quality because of money. They get to stay in quality res

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

orts instead of looking for bargain hotels to give their money away to. Seniors can understand own since most have owned homes or cars already. They also understand the idea of getting the

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ownership paid off and still having an asse for continual enjoyment that can become part of their estate or sold. Ownership gives them more options.

Seniors are looking for programs for

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

rograms that offer a variety of travel choices and flexibility. Why is flexibility an important factor to be considered in an ownership? Easy.. As we get older, we find that most of us ha

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ve more doctor appointments than we were younger. Many life situations crop up that require our attention. By a flexible program, I mean a program that does not require the buyer of the va

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

cation to lock in to a specific week for their vacation every year, in a set sized condo, at only one specific resort.

Flexibility can also be important in reservation planning for vacati

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ns. Seniors like to options for flexible planning. Many people make advance reservations to solidify their goals and make plans, yet if something happens to themselves or others in their f

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

amily, they need a program that can be flexible with options on re-arranging those plans.

Timing and number of days available to vacation are usually different in the senior years. Many p

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

eople in retirement are no longer working at a full-time job, but to keep active and to supplement income or cover insurance needs, many seniors are working part-time and still need to hav

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

flexible vacation planning options.

Seniors are asking for programs which will allow them to be with others on vacation as compared to being by themselves. If someone has lost their part

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ner, or never married, there is comfort, and enjoyment, and a feeling of security when in a group. Some of the vacation ownership companies have programs which arrange group travel and thi

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

s is a huge plus.

When we ask many of the seniors who visit about what they've experienced in vacation and travel, we find that for those who have a dream to visit someplace special while

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

alive, the motivation to get started and to have those experiences can be stronger than in earlier years because of the realization that we're getting older every day.

One of the most exc

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

iting concepts of vacation ownership and timeshare is the ability to share the vacation experiences with loved ones and to have another asset to leave as a legacy for loved ones in the fut

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ure. My family will have my ownership when I pass, but I made it clear to them to please enjoy while I'm here to see you having fun, don't wait for me to go to get started enjoying life. I

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

enjoy great pleasures giving gifts of vacation for the family milestones such a college graduation, weddings, birthdays, anniversaries, and celebrating the birth of new grandchildren, and

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

great grandchildren.

Seniors should take a vacation ownership or timeshare presentation with an open mind and heart to determine if owning would help them make their Golden Years "glitter

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Business Dump - How Seniors Are Buying Vacation Ownership and Timeshares to Have The Golden Years Shine and to Share

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