What's New

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.

 

Everyone is always looking for the newest, latest trends. We don’t want to deal with time consuming tasks, and we just want to press a couple of buttons on our phone to accomplish what needs to be done. Need a ride to somewhere? Open your Uber App. On a last-minute trip? Find a place to stay overnight with Airbnb. Visiting a new city? Rent a bike to travel around.

This trend of having access to use or rent assets owned by someone else is known as the sharing economy. Simply put, the sharing economy makes things easier, simpler and more cost effective for consumers by sharing products instead of buying their own car, bike or vacation home.

But when you think about it, the Timeshare Industry was actually the original sharing economy—not Uber or Airbnb—before it was a trend. In fact, in a Hotel Management Article, Gail Mandel, president and CEO of Wyndham Destination Network, said “Long before the ‘sharing economy’ was a buzzword, timeshare developers were innovating in the travel space by enabling travelers to enjoy the benefits of using a vacation property without having to purchase the entire vacation home.”

And on top of that, with vacation exchange programs owners can swap resorts, weeks or units all online in a simple and fast way. Timeshares truly were the original product of the sharing economy, and even offer greater benefits than other hospitality industry shared economy products.

The key advantage to timeshare in the sharing economy is that a timeshare is a professionally managed resort, while other alternatives, like Airbnb and HomeAway, are peer-to-peer services with no customer service or quality standards.

In the same Hotel Management article, Mandel states that “timeshare units are hospitality businesses at their core. The properties are run and maintained by professionals, have strict standards for what travelers will experience and find in their accommodations, and follow safety regulations and tax laws. The average homeowner on Airbnb may not even be aware of these practices, and that can make for some uncomfortable situations.”

Timeshare vacations are no longer grandma’s week at the same time in the same place every year. They offer an opportunity for shorter stays, flexible ownership and locations all over the world. And like Airbnb and other vacation sharing options, vacationers get way more space than a traditional hotel offers. But they also provide features that cannot be met by other services: consistency of offering, managed properties and service.

Combined direct, indirect, and fiscal impacts in 2015 by the U.S. timeshare industry included $79.5 billion in consumer and business spending, 511,782 full- and part-time jobs, $28.1 billion in salaries and wages, and $10.2 billion in tax revenue.

timeshare fuels US economy 2016-AIF-Economic-Report-Infographic

We live in a very materialistic society — every birthday, holiday or graduation all kids ever want is a new toy or game.  They want the newest and latest version of just about every toy on the market, and this leaves their parents in a frenzy.  What toy should they buy? Which version is the latest? Do toys really cost this much nowadays?

While it may be good to get your kids the things they want every now and then, toys and gifts are often very underappreciated and quickly forgotten.  And they can result in families spending even less time together in our very busy lives.  In fact, Oliver James, Britain’s best-selling psychologist-author who wrote the book Love Bombing: Reset Your Child’s Emotional Thermostat, told The Telegraph that many of the toys we purchase for our children aren’t even actually valued or wanted.

In fact, multiple surveys have found that one-fifth to two-thirds of toys are unvalued or unwanted.  What should you do the next time you need to get gifts for your kids?

Simple! Plan a vacation for them and the whole family.  James expands on this, stating “family holidays are definitely valued by children, both in the moment and for long afterwards in their memory. So, if you’re going to spend money on something, it’s pretty clear which option makes more sense.”

While toys and gadgets encourage kids to be by themselves, vacations make time for families to be together, which is a key to remaining happy and stress free.  It is actually proven that family vacations not only help de-stress the parents, since they are getting time away from their jobs, but actually de-stress the kids as well.  According to a 2015 survey of 754 kids, 77% of kids reported feeling no stress when their parents take a break from work to spend time with them and it said that parents who want to help their kids reduce stress should consider using a vacation day.

Now while you may think kids live a stress-free life, this is not true.  That same report found that 79% of 8- to 14-year-olds say they regularly experience stress. And toys won’t help solve this.

Vacations truly are the gift that keeps on giving for kids. They’ll also help with your child’s brain development.  According to Dr. Margot Sunderland, a child psychotherapist and Director of Education and Training at The Centre for Child Mental Health, exploring during a family vacation, whether it’s in nature or a heritage town, activates many critical areas of the brain.  This brings about brain growth and maturation in the frontal lobes, the very part of the brain involved in cognitive functioning, social intelligence and well-focused, goal-directed behaviors that may last a lifetime.

With all of this information it’s time for the old adage ‘parents know best’ to be put into practice for gift giving.  No longer should parents feel pressured to buy the latest “must-have” toys…they instead should consider family vacations for gifts.  A timeshare could be your best option since they ensure you take a vacation each and every year.  And with locations across the globe, each vacation can be a new experience where you will be able try a new place and experience a new culture in your timeshare.  Your kids will thank you for it and it will stick with them for the rest of their lives.

Many of us are likely familiar with the frequently touted (and research-proven) positive effects of travel on our work performance, relationships and personal well-being. But, with all the national conversation about creating and keeping good American jobs, how much thought do we give to travel’s economic power in our lives?

It certainly deserves our attention. Travel is a top-10 employer in 49 states and the District of Columbia. The travel industry played a major role in America’s economic recovery post-recession—and now, travel is our country’s number one service export, accounting for 11.2 percent of all U.S. exports in 2016. The U.S. travel industry, according to the Bureau of Labor Statistics, has recovered far faster than other economic sectors since 2008. Spending by travelers everywhere in the U.S., which currently totals over $947 billion annually, supports 15.3 million American jobs. That’s one in nine Americans whose employment depends upon plenty of travelers moving to and within the U.S.

The travel industry is one that relies on human interaction—whether it’s the front desk clerk at a resort, the tour guide in a historic district or the people that make your timeshare resort run.

That’s why, as part of National Travel and Tourism Week (NTTW) 2017, May 7-13, the timeshare community is helping to unite and celebrate what travel means to American jobs, economic growth and personal well-being.

This year’s NTTW is more than just another campaign. It’s a movement that positions the travel industry as a primary driver in the U.S. economy and an important part of our daily lives.

While all travel is important, vacations make up a huge portion of the industry.  In fact, nearly four out of five domestic trips taken in 2016 were for leisure purpose, which resulted in the direct spending of over $683 billion and generated $106.4 in tax revenue. And we know that timeshare is an important component of these numbers.

If you have yet to think of becoming a timeshare owner, the NTTW should help to persuade you.  Just look at current timeshare owners—unlike families that are constantly stressed about trying to plan a vacation when they can, owning a timeshare ensures that you and your family take a vacation each and every year.  And with destinations all across the U.S., there are limitless places to visit!

 

According to a brand new industry study, timeshare owners are becoming increasingly engaged with their timeshare and the timeshare lifestyle. Even with 9.2 million households owning a timeshare currently, the industry is attracting new buyers because consumers love the location of timeshare resorts, want to save money on future vacation costs, and want to ensure that they will take a vacation every year.

The study found the make-up of the average timeshare owner to include:

  • The average timeshare owner is just under 47 years old
  • 60% of timeshare owners are white; 20% are African-American; 14% Asian American
  • 68% are married; 17% are single, never married
  • 84% own their own home
  • 44% have children under the age of 18 living with them at home

Timeshare owners are also devout vacationers:

  • Timeshare owners took more than three vacations in 2015
  • Nearly 60% of timeshare owners either used their timeshare personally, or banked/deposited their timeshare in 2015 for later use
  • 77% of timeshare owners took a vacation at a timeshare resort during 2015

Timeshare owners are in love with their properties. In fact, seven out of 10 owners would recommend timeshare ownership based upon their experience. And not only did they love their properties, they loved how easy their buying experience was. Over seven of 10 recent purchasers (71%) found their buying experience to be excellent or good.

Timeshare vacationing is a great way for people of all ages and walks of life to get more out of their precious vacation time, and more and more consumers are realizing the benefits of owning a timeshare.

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

 

 

 

Taking a vacation doesn’t just help you relax and recharge—it also offers many other health benefits that can foster your success in the workplace. But can you really stop checking email when you step away from the office?  Employers are finding it increasingly more difficult to get employees to take their much-deserved time off. Even more alarming, employers are finding that a vacation alone isn’t enough to get their employees (and that inbox).

To solve this problem, many companies are starting a new trend of disabling, or suspending work email accounts while their employees are on vacations. This is an option that allows employers to manage when and how frequently their employees are receiving communication while away, and encourages employees to enjoy their vacation, worry-free.

While this popular trend is just beginning, unplugging on vacation is becoming simpler than you think!

Here a few tips to help you put down that phone and enjoy the perfect vacation:

Turn off push notifications. Instead of being alerted every time there is an incoming message, enjoy a buzz-free vacation with family or friends.

Delete your mail applications. Deleting the Gmail, Outlook, or other mail apps from your phone prevents the temptation to check email. Simply redownload it once you’re back from your trip and feeling refreshed!

Automate an email response. Setting an automated response that includes the dates of your travel and who to contact in your absence gives you the peace of mind that you are not falling behind at work. With your emails on forward to a team member or coworker to help manage your workload, everything will continue to operate smoothly while you’re gone!

Turn off your phone. The easiest and most effective way to take advantage of your vacation is to be present. Embrace every moment fully – don’t miss what you took time off to enjoy.

Try this approach the next time you travel and see even greater benefits to your vacation!

Today’s timeshare owners are busting long-held industry myths and loving their vacation product.

  • The average timeshare owner is just under 47 years old
  • 60% of timeshare owners are white; 20% are African-American; 14% Asian American
  • 68% are married; 17% are single, never married
  • 84% own their own home
  • 44% have children under the age of 18 living with them at home

Timeshare-Owner-2017-Study-infographic

From Chief Fun Officers to Real Estate Developers, working in the timeshare industry is more than a job, it’s a career. With more than 500,000 full- and part-time jobs in the U.S. in 2015, the timeshare industry provides a wide range of employment and advancement opportunities and requires an array of skill sets.