Sell My Timeshare Now, LLC is an important part of the timeshare industry, created in response to the large demand from timeshare owners to sell their properties. While SMTN is essentially an Internet advertising company specializing in the timeshare resale market, this sector of the industry represents a significant percentage of sales for the overall timeshare industry.
According to the American Resort Development Association (ARDA), the timeshare industry recorded $10.6 billion in sales during 2007, an increase of 6% over 2006. With over 1,600 timeshare resorts operating in the U.S., there are a total of 4.7 million U.S. timeshare owners.
Occupancy rates for timeshares sat at 80.1% in 2007, a very high figure when compared to the average hotel occupancy rate of 63.4%.
The most popular destinations continue to be beach resorts (24%) followed by country/lake resorts (16.4%). Golf is the most popular amenity cited by timeshare users. For more information on these timeshare statistics, please refer to the accompanying ARDA Fact Sheet linked to this website.
In 2005, 7.2% of all timeshares sold were sold directly by the owners, according to ARDA. This percentage underscores the value of the resale market as a multi-million dollar industry in itself within the overall timeshare industry. With 16.8% of timeshare owners either not using, giving away or renting their timeshares in 2005, an estimated 688,800 timeshare owners did not use their resort time. This supports the extensive opportunity for the resale market to provide an option for these owners to either sell or rent their timeshares.
ARDA has produced several industry fact sheets available for view which provide excellent snapshots of varying sectors of the industry: