Timeshare Sales Fully Recovered in 2022
According to the recently published 2023 State of the Vacation Timeshare Industry Report: United States Study, the timeshare industry sales have fully recovered in 2022 to the level seen before the impacts of the COVID-19 pandemic. Total sales volume increased by 30% from $8.1 billion in 2021 to $10.5 billion in 2022.
In general, operating performance metrics in 2022 were near or above 2019 levels. Average occupancy was 77.6%, increasing by more than 4 percentage points from the previous year. By comparison, hotel occupancy was 62.1% in 2022, according to Smith Travel Research.
Source: 2023 State of the Vacation Timeshare Industry Report: United States Study conducted by E&Y for the AIF