Timeshare Industry Attracting New Buyers While All Owners Become More Engaged

According to a brand new study conducted by Oxford Economics and Leger for the ARDA International Foundation (AIF) about the worldwide timeshare industry, timeshares around the world are attracting new owners who want to be a part of this lifestyle.  The industry now spans the globe and there are nearly 5,400 shared vacation ownership resorts which include more than 527,000 units and helped to generate more than 18 million room nights in 2015.

Shared vacation ownership is a truly global industry with properties in 121 countries.  And the resorts are truly spread out – there are nearly 2,500 resorts in North America, more than 1,300 resorts in Europe, The Middle East and Africa, and over 570 resorts in Central and South America.

By traveling to these worldwide resorts, vacationers help impact the global economy by:

  • Supporting nearly 1.3 million jobs; 577,000 direct and 702,000 indirect
  • Generating $146 billion in economic output; $57 billion directly and $89 billion indirectly
  • Generating almost $17 billion in taxes

The great amenities that timeshares offer, along with the wide variety of locations have led to a steady increase in ownership:

  • Between 2014 and 2015, global sales increased 11.5% from $17.7 billion to $19.7 billion.
  • Average worldwide shared vacation ownership sales price was $18,626 per interval in 2015, representing a 0.5% compound annual worldwide growth rate between 2013 and 2015
  • Global shared vacation ownership occupancy registered 79.4% in 2015, an increase from 76.4% in 2014

With the success the industry, and the owners, are seeing there are positive signs moving forward:

  • Data indicates the global shared vacation ownership industry will add 91 new properties and nearly 7,300 units in 2017 and beyond

Timeshare vacations are a fantastic way to ensure you can experience what the world has to offer.  And with the growing number of resorts worldwide, paired with the features and amenities, now may be the right time to look into becoming an owner.

For more details, see ARDA’s infographic and for a copy of the full study, visit www.arda.org/foundation.

 

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