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U.S. Timeshare Industry Shows Strength with Eight Straight Years of Growth

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U.S. Timeshare Industry Shows Strength with Eight Straight Years of Growth

 

state of the timeshare industry 2018 blog post 

According to the State of the Vacation Timeshare Industry: United States Study 2018 Edition conducted by EY for the ARDA International Foundation (AIF), the timeshare industry is on the rise. With eight straight years of sales growth and a high average occupancy rate, the industry shows promise for a bright future.

Here are some highlights from the study:

• Sales volume rose from $9.2 billion in 2016 to $9.6 billion in 2017, nearly a four percent increase and more than 26 percent increase since 2013.
• Average occupancy rate was more than 81 percent, compared to a 65.9 percent hotel occupancy rate. Higher occupancy rate extends benefits beyond the resort itself and into the local surrounding markets and communities such as spending at local restaurants, purchasing groceries for the fully-equipped in-unit kitchen, and purchasing gas for rental cars.
• Rental revenue increased from $1.9 billion in 2016 to $2.3 billion in 2017, a 20 percent increase.
• There were 1,570 timeshare resorts in the U.S., representing approximately 205,100 units.
• About 72 percent of timeshare units are two bedrooms or more and the average unit size is over 1,000 square feet.
• The average sales price was $22,180 per interval.
• The average maintenance fee was $980, remaining relatively flat with only a one percent increase over 2016.

Other interesting facts from the study were:

• Thirty-four percent of resorts are beach resorts, making them the most common type of resort.
• Island resorts had the highest occupancy rate of nearly 90 percent.
• Florida had the highest number of timeshare resorts with 373.
• Nevada had the largest resorts with 249 units on average.

For more details from the study, check out the Timeshare in 2018: Paradise Found infographic and for a copy of the full State of the Industry study, visit www.arda.org/foundation.


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