Peter Yesawich of the YPartnership has made some predictions for fractionals in his end of year blog posts. Overall things are looking up. 

Interest in vacation ownership (timesharing, fractional resort real estate ownership, residence clubs, etc.) will grow gradually throughout the year as leisure travelers feel more confident about discretionary expenditures on vacation time and conclude that some type of fractional ownership interest in resort real estate makes more sense than whole ownership because the latter is unlikely to appreciate in value for many years to come;

The full blog post is available here.