Timeshare, or vacation ownership, redefines leisure travel.
Owning at a timeshare resort gives vacationers the ability to choose the vacation to fit their lifestyle and travel preferences — at more than 5,000 resorts in nearly 100 countries. According to the American Resort Development Association one of the best industry resources for reliable timeshare information timesharing is the fastest growing segment of the U.S. travel and tourism industry, increasing in popularity at a rate of nearly 16 percent each year since 1993. It's not hard to see why. Unlike owning a vacation condo, beach house or other type of fixed real estate, timeshare ownership eliminates all of the headaches of property maintenance and up-keep. It also allows you to vary your vacation destinations as often as you'd like, accommodating the changing needs of your lifestyle or your family. When you combine this flexibility with the convenience of prepaying for all your vacations at today's rates, the first-class hospitality and services offered only at upscale timeshare resorts, and amenities that far surpass those found in most hotels, you just can't beat timesharing
There are 1,580 timeshare resorts in the United States in 2019, representing about 204,100 units - 129 units per resort on average. About 70 percent of these units are two or more bedrooms and the average unit size is over 1,000 square feet.
Other interesting findings from the study include: 9.6 million U.S. households own 1 or more types of timeshare product (timeshare weeks, points, fractional and/or private residence club),64% are married, average age of an owner is 44 years old, 11% of timeshare owners earn $100K or more. $21,455 is the average price of a timeshare interval in 2019. The average occupancy of a timeshare resort is 80.8%, 44% of occupants were owners or owners' guests; 14% were exchange guests; 17% were renters and 6% were marketing guests. Comparatively, hotel occupancy was 66.2% in 2018, according to Smith Travel Research. 84% of timeshare resorts offer some type of rental program; 35 percent of resorts are now offering a mobile application to resort owners, up from just 12 percent last year. Beach resorts are the most common type of resort, with island resorts claiming the highest occupancy. Florida has the most resorts, while Nevada has the largest resorts (230 units on average).
According to a recent AIF omnibus survey conducted among approximately 1,000 U.S consumers, timeshare owners have taken significantly more vacations than non-timeshare owners. Respondents were asked to report the number of vacations they had taken in both 2018 and 2019. On average respondents reported to have taken 1.4 vacations in 2018 and 1.1 vacations in 2019. Timeshare owners reported to have taken an average of 2.9 vacations in 2018 while non-timeshare owners reported to have taken an average of 1.2 vacations. Similarly timeshare owners reported to have taken an average of 2.5 vacations in the first three quarters of this year while non-timeshare owners reported to have taken an average of 1.1 vacations so far.
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