Timeshare Sales Recovered Significantly in 2021
According to the recently published 2022 State of the Vacation Timeshare Industry Report: United States Study, the timeshare industry experienced a significant recovery from the effects of the COVID-19 pandemic in 2021. Total sales volume increased by 64% from $4.9 billion in 2020 to $8.1 billion in 2021.
Other operating performance metrics impacted by the pandemic in 2020 also experienced a resurgence in 2021. Average occupancy was 73.1%, increasing by nearly 24 percentage points from the previous year. By comparison, hotel occupancy was 56.4%2 in 2021, according to Smith Travel Research.
Source: 2022 State of the Vacation Timeshare Industry Report: United States Study conducted by E&Y for the AIF