Timeshares and Millennial Travel Habits
April 17th 2024 Posted by: SellMyTimeshareNow SMTN Category: For Buyers

Timeshares and Millennial Travel Habits

When you first think of timeshare ownership, you may think of an outdated product that your parents or grandparents bought into that has become a financial burden. However, a lot has changed in the last decade regarding vacation ownership and what it can provide for avid travelers. Recently, Skift Research published a report on Millennial travel trends and Millennial travel habits. This data showed that not only are Millennials making travel a top priority, but also that they are making the most of all that timeshare ownership has to offer.

How Do Millennials Travel?

Millennials (and many Gen Z travelers) value flexible, affordable, and unique travel experiences. The report showed that these travelers are prioritizing travel spending over purchasing expensive items. With the current economic climate, traveling regularly and staying in decent accommodations can be very costly. As such, many Millennials are finding true value in timeshare ownership. Data from the American Resort Development Association (ARDA) shows that the average timeshare owner is age 39 and that 57% of timeshare owners are Millennials or Gen Z.

Timeshares allow travel enthusiasts an affordable way to enjoy frequent travel experiences. Vacation ownership is appealing to Millennials because it’s flexible, scheduled, and already paid for by the time they are traveling. Plus, timeshares also offer exchange options. No longer are owners forced to visit the same resort at the same time every year. The exchange aspect of ownership is appealing to these younger generations because it allows them to experience a whole world of exciting destinations.

In addition to the overall cost and flexibility, timeshare owners can feel confident that they are guaranteed quality and spacious accommodations. Timeshare suites offer amenities like:

  • Multiple bedrooms
  • Full kitchens
  • Living and dining areas
  • One or more full bathrooms
  • Laundry machines
  • TVs and WiFi
  • Other upscale features like jacuzzi tubs, fireplaces, and private balconies

Many Millennial travelers are also working remotely. The opportunity to travel to high-end resorts and stay in luxury accommodations while being on the clock is a wonderful perk.

Additionally, with the housing market being challenging, owning a timeshare is much more affordable and convenient than buying a second property or a vacation home. With timeshares, regular upkeep is being covered by maintenance fees. And if there is a specific destination you would like to visit regularly, you can lock in annual trips to your favorite travel destination.

Save Even More With Timeshare Resales and Rentals

You can save thousands more on timeshare ownership when you shop the secondary market. We offer an extensive inventory of timeshares for sale that are ideal for any budget. If you are unsure if timeshare ownership is right for you, consider shopping our selection of timeshares for rent. This is a cost-effective way to try before you buy and see what timeshare resorts are all about!

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