Timeshare, also known as
vacation ownership, continues to lead in the hospitality sector with
steady growth, due in large part to the industry's constant innovation
developed in response to consumer lifestyle needs and vacation
preferences.
The information below provides an overview based on recent
research of the timeshare industry.
You may also learn more by
Downloading
ARDA's "
Understanding Vacation Ownership
"
brochure.
There were 1,548 timeshare resorts in
the United States in 2009, representing approximately 170,200 units for
an average resort size of 110 units. Of these, 6% were studio units; 23%
were one-bedrooms; 66% were two-bedroom; and 6% three bedroom or more.
There were 7.2 million intervals owned.
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The annual PricewaterhouseCoopers
benchmark study of the financial performance of the timeshare industry,
which focused on an industry subset of 27 companies encompassing 220
timeshare resorts in active sales, showed sales of $6.7 billion in U.S.
net origniated sales.
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In total, the U.S. timeshare industry
supported an estimated $77 billion of output to the U.S. economy in
2007. This included 588,800 full- and part-time jobs; over $25 billion
in salaries, wages, and related income; and approximately $10.2 billion
in tax revenue.
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more >
Overall, more than six in ten timeshare
owners are age 45 or older with an average age of 48. Baby Boomers are
the largest generation of timeshare owners (45 percent).
Recent purchasers are younger than
timeshare owners in general, with 58 percent of recent purchasers under
the age of 45.
The average household income for all
owners is $92,405, and recent purchasers have an average household
income of $94,933.
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more >
With today's evolving vacation home market, consumers have an
increasingly diverse marketplace and options in leisure travel. The
growing variety of vacation home options includes Timeshare/Vacation
Ownership; Fractional Ownership/Private Residence Clubs; Destination
Clubs; Condo Hotels; and Traditional Second Home Ownership.
View
this chart for terminology and definitions.
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