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2012 First Quarter Pulse Survey Findings

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2012 First Quarter Pulse Survey Findings 

By Darla Zanini

May 21, 2012 

AIF Research

The Q1 results of our survey measuring the overall state of the vacation timeshare industry in the United States are just in—and they are encouraging. Here’s a snapshot:

Timeshare sales volume increased by 14.7 percent from Q1 2011. The average transaction value was $17,719 during Q1 2012, a decrease of 0.6 percent from Q1 2011. However, the volume per guest (VPG), a measure of the average value of consumer purchases per sales tour, was $2,657 during Q1 2012, an increase of 3.2 percent from Q1 2011.

Consumer timeshare loan portfolios experienced an increase in currency and a decrease in gross defaults when comparing Q4 2011 and Q1 2012. Consumer timeshare loan portfolios delinquencies and defaults decreased when comparing Q1 2011 and Q1 2012.

Resort occupancy increased slightly (1.5 percentage points), remaining strong at 74.1 percent. One resort company reported a Q1 2011 to Q1 2012 occupancy increase of 8.2 percentage points, while the next largest increase was 4.4 percentage points.

The average new consumer timeshare loan term was shorter by 0.7 months at approximately 115.4 months, compared to 116.1 months in Q1 2011.

Capital expenditures related to new timeshare inventory projects increased by 47 percent from Q1 2011, while capital expenditures related to existing timeshare inventory projects decreased by 32 percent from Q1 2011. Overall, capital expenditures related to timeshare inventory decreased by 28 percent compared to Q1 2011.

The survey was conducted by Deloitte and Touche in conjunction with the ARDA International Foundation (AIF). If you’d like more details, please contact me at dzanini@arda.org.

Stay tuned for our upcoming Global Survey results in just a few weeks! 

 


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