2016 Marks Seventh Straight Year of Growth for the Industry
We are happy to share the latest research from
our State of the Vacation Timeshare Industry: United States Study 2017 Edition. It
shows the strength and resiliency of the timeshare industry after another year
of growth in 2016. Here are a few of the highlights.
In 2016:
- Sales volume increased nearly seven percent, from
$8.6 billion in 2015 to $9.2 billion;
- Rental
revenue increased by five percent, going from $1.8 billion in 2015 to $1.9
billion;
- There were 1,558
timeshare resorts in the United States, representing
about 206,080 units;
- About 70
percent of these units feature two or more bedrooms;
- Average unit
size was over 1,000 square feet;
- The average
sales price was $20,940; and
- Average
occupancy was about 79 percent (compared to a 65.51 percent hotel
occupancy rate).
There were some other interesting facts as well:
- Beach resorts are the most common type of resort;
- Island resorts have the highest occupancy;
- Florida has the most resorts of any region in the country;
- Nevada has the largest average resort size—230 units on average; and
- 35 percent of resorts are now offering a mobile application to resort
owners, up from just 12 percent last year.
For more
details, check out our infographic and for a copy of the full State of the Industry Study,
visit www.arda.org/foundation.