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Vacationers are loving their timeshares!   The U.S. timeshare industry enjoyed a sixth straight year of steady growth in 2015, according to the State of the Vacation Timeshare Industry: United States Study 2016 Edition, conducted by Ernst & Young for the ARDA International Foundation. Here are a few of the highlights from the research:

When comparing 2015 to 2014:

  • Sales volume increased by nine percent, to $8.6 billion, the second largest increase since the recession and a 9% increase over last year.
  • There are 1,547 timeshare resorts in the United States, representing about 200,720 units.
  • The average sales price was $22,240.
  • Occupancy increased two percent, up to almost 80 percent, compared to a 661 percent hotel occupancy rate.

There were some other interesting facts to note as well:

  • 70% all timeshare units are two bedrooms or more. An average one-bedroom unit is 700 square feet; an average two-bedroom unit is 1,180 square feet and an average three-bedroom unit is 1,660 square feet—compared to the average hotel room size of 350 square feet.
  • Beach resorts are the most common type of resort.
  • Theme park resorts have the highest occupancy.
  • Florida has the most resorts—24% of the national total.
  • Nevada has the largest average resort size—230 units on average.
  • Hawaii has the highest occupancy rate for a region, at 86.7%.

For more details, check out our infographic and to learn more about vacationing with timeshare, go to www.VacationBetter.org.

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Check out the latest facts and figures about the timeshare industry!

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Combined direct, indirect, and fiscal impacts in 2013 by the U.S. timeshare industry included $68.7 billion in consumer and business spending, 473,000 full- and part-time jobs, $23.6 billion in salaries and wages, and $8.5 billion in tax revenue.

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With surging numbers that show how the timeshare industry is doing, it’s clear that vacationers are enjoying their timeshare getaways!

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It’s hard to pinpoint what makes a vacation a happy experience. Is it the location you’re in? The people you’re with? The great weather? It’s certainly all of those things, but you may be surprised to learn that the all important factor is actually the kitchen!

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