Timeshare Industry Celebrates a Banner Year

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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!  The industry association’s research group, along with Ernst & Young, just released its State of the Vacation Timeshare Industry: United States Study for 2014.  It shows that the timeshare industry enjoyed significant growth in 2013.  Here are a few of the highlights:

When comparing 2013 to 2012:

  • Sales volume increased nearly 11 percent, to $7.6 billion.
  • There are 29 percent more resorts planned for the upcoming year.
  • There are 1,540 timeshare resorts in the United States, representing about 192,420 units.
  • The average resort size was 125 units.
  • The average sales price was $20,460.
  • Occupancy remained steady at around 77 percent, compared to a 621 percent hotel occupancy rate.

There were some other interesting facts to note as well:

  • Beach resorts are the most common type of resort.
  • Urban resorts have the highest occupancy.
  • Florida has the most resorts—23% of the national total.
  • Florida has the highest total sales volume—$2.3 billion.
  • Nevada has the largest average resort size—283 units on average.
  • Hawaii has the highest average sales price—$27,712 and occupancy rate 85.2%.

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

[1] STR Monthly Hotel Review: December 2013, Smith Travel Research.

Banner Year for Timeshare Industry

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