The Timeshare Industry is on the Rise

timeshare industry

The timeshare industry has survived pandemics and economic recessions to remain strong today. However, it has also faced many challenges, especially in its image. In addition, many owners of timeshares complained that they were locked into one property.

Fortunately, the timeshare industry is on the rebound. Recent studies from the ARDA International Foundation and HVS show that it’s on the rise again. And this trend is expected to continue. A large part of this success can be attributed to the emergence of large branded companies. These brands have brought innovation and credibility to the industry.

In addition, the industry has seen a strong influx of younger buyers. While the market for timeshares is still small, it is gaining traction with the younger demographic. As a result, the industry is likely to grow substantially in the future. This is a good sign for the companies that offer timeshares, and it also means that the resale secondary market will continue to grow.

Timeshares are a popular form of vacation real estate. They allow people to rent a vacation home in a popular destination. For some, it’s a way to travel to different destinations without spending a fortune. Others prefer the added amenities offered by a timeshare. Some of these features include free weeks, luxury accommodations, VIP weekends, and flexibility in decision-making.

Today, there are more than 5,000 resorts worldwide, with about 1,600 in the United States. Most of these resorts are affiliated with an exchange company. An exchange company is responsible for administering a timeshare exchange program, which lets members trade their week for other accommodations.

The timeshare industry is also gaining traction in Asia. Several branded companies, such as Marriott Vacations Worldwide and Disney Vacation Club, have established destinations all over the world. Meanwhile, smaller independent developers are struggling to adapt to the changing economy.

With the recession on the horizon, there’s a good chance that the industry will see some hiccups. But, if the market does recover, there’s a good chance that sales will exceed those of 2019. At the same time, the industry faces stiff competition from the increasing number of other hospitality businesses. Those that survive will be those that are able to adapt to the new economic environment.

One key factor that’s reshaping the timeshare industry is the popularity of social sharing. Various platforms, such as Facebook, Instagram, and Pinterest, are helping to boost the growth of the industry. Another major driver is the increased health and wellness travel. Millennials, the generation that grew up with social media, outnumber baby boomers in this sector.

Another positive development in the timeshare industry is its growing credibility with consumers. According to the ARDA International Foundation, which studies the industry, timeshare sales in the United States are on the rise. Sales volume has reached a record high of $10 billion in 2006. The study found that a majority of occupants were owners. Only 7% were marketing guests, and other types of occupants included renters, exchange guests, and other users.

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