Timeshare Industry Shows Another Year of Substantial Growth

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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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