For the ninth year in a row, the United States timeshare industry has shown impressive growth according to the State of the Vacation Timeshare Industry: United States Study of 2019 Edition conducted by EY for the American Resort Development Association (ARDA) International Foundation. Sales volume rose nearly 7% from $9.6 billion in 2017 to $10.2 billion in 2018.
ARDA is the professional association representing both the vacation ownership and resort development industries and is the leading source of market intelligence via comprehensive research studies. Currently, ARDA has over 600 members that include resort management companies, timeshare owner associations, and other professionals with shared interests in the timeshare ownership field.
“Our members continue to evolve their product and strive to provide owners and guests unique and experiential vacations at a great value,” said ARDA President and CEO Jason Gamel. “Timeshare offers owners and guests the ability to vacation at over 1,500 resorts in the U.S. and over 5,300 resorts worldwide. In addition to offering more space for the entire family, including kitchens, our members’ resorts provide owners and guests with high brand standards and a consistent vacation experience that is regulated for safety, security, health codes, business licensing and accessibility.”
In addition to the past year’s 7% increase, there are other notable findings that show the importance of timeshare resorts in the US. Since 2014, the industry has seen an over 26% increase, an increase of timeshare rentals from $2.3 billion in 2017 to $2.4 billion in 2018, and an average occupancy rate of 81% in 2018 which is almost 15% higher than hotel averages. Not only do timeshare resorts benefit from high occupancy rates, but also provides incredible business to the local shops, restaurants, and attractions that surround these properties.
“Today’s vacationer is looking beyond resort amenities and for unique experiences both on and off property,” Gamel added. “The combination of our on-site staff that is rooted in the community and our single focus on hospitality enables us to provide guests with the knowledge to experience the local culture and unique activities, whether that be through an immersive cooking class on property or a first-hand recommendation of the area’s best-kept secrets.”
With only a 2% increase in maintenance fee averages from 2017 to 2018, it’s no surprise that many travelers want to invest in timeshare ownership to avoid seasonal price increases found with standard hotel accommodations. If these savings weren’t enough, there are timeshare resale marketplaces like SellMyTimeshareNow.com that allow interested buyers to purchase timeshare ownerships at deeply discounted prices. Instead of purchasing through a resort developer that has tacked on commissions and other hidden fees to the final price tag, you can purchase directly from a current owner and save thousands. For those who are searching for a one-time vacation deal, our timeshare rentals allow you to vacation like an owner without any commitment.
To learn more about SellMyTimeshareNow.com, please give our independent specialists a call today at 877-815-4227.