The numbers are in from the State of the Vacation Timeshare Industry: United States Study 2018 Edition, conducted by the EY and ARDA International Foundation (AIF). Things are looking better and brighter than ever for the timeshare industry, as the data from 2017 shows the eighth consecutive year of growth in the United States.
While many may think the timeshare industry is just an “outdated” way to vacation, that could not be more untrue. The industry is evolving with today’s traveler, constantly offering new perks and more flexibility.
The growth is seen in sales volumes, with nearly a four percent increase in 2017 over 2016, and a 26 percent increase from 2013. That makes for $9.6 billion in sales in 2017.
People are also visiting their timeshares more, as occupancy rates are up—over 81% in fact! This percentage is also in comparison to the 65.9% average hotel occupancy rate.
In the study on the timeshare industry, Howard Nusbaum, president and CEO of the American Resort Development Association (ARDA), summed up why he believes families and individuals are choosing timeshares now more than ever:
“Timeshare offers more space and privacy for the whole family, tremendous use-value over time, and over 5,300 resorts worldwide to choose from, coupled with the health benefits of vacationing on a regular basis. This is a product and industry positioned to provide incredible vacation experiences well into the future.”
Timeshares also provide more travel options. Owning a timeshare doesn’t mean you are committed to the same resort and the same week each year. With 1,570 timeshare resorts in the United States alone, you are able to exchange your timeshare week for a vacation virtually anywhere.
This study also found that 72% of timeshares are two-bedrooms or more with an average size of over 1,000 square feet. More space makes it easy to travel with the whole family, with everyone getting their own private bedroom and space, plus the addition of living and dining areas makes it feel like home. Another benefit to timeshare vacations is many offer full kitchens, allowing you to save from dining out for every meal and cooking right in your unit.
Timeshares are also affordable, especially when you shop the secondary market. Shop our inventory of timeshares for sale and save upwards of 70% off the going retail rate. And not only that, the ARDA study showed that maintenance fee costs are barely rising, with just a 1% increase over the past year.
View the full report by visiting www.arda.com.