Timeshare industry facts

Timeshare Industry Facts

There are 5,000 vacation ownership resorts located in 110 countries, with 58.5 percent of the resorts found in six countries.

Over 5 million households worldwide now own a vacation interval, with owners residing in over 150 countries.

The U.S. is the leader in the worldwide vacation ownership resort market, with over 1,608 resorts, and over two million vacation owners.

With 500,000 new owners purchasing 778,000 vacation intervals and worldwide gross sales of $6.7 billion, 1999 proved a record year for the industry.

As an aggregate profile, the typical vacation owner is an upper-middle-income, middle-aged, well educated couple. Of U.S. vacation owners, 69.5 percent have incomes over $50,000, 68 percent are 50 years of age or older, and 64.2 percent have at least a bachelor's degree.

As of 1998, 71.1 percent of U.S. households feel they have a chance of purchasing recreational property within the next 10 years.

Florida is the single-most preferred state by Americans for a recreational property purchase. The next five most preferred states are Hawaii, California, Colorado, North Carolina, Arizona and Nevada in that order.

Americans prefer the ocean/beach for recreational property ownership, followed by mountain settings and lakes, in that order.

Of more than 2,653 U.S. vacation owners surveyed. 85.2 percent claimed satisfaction with their vacation purchases.

Most important among the motivational benefits cited by U.S. owners in their decision to purchase vacations were the high quality accommodations of the resorts at which they own and exchange, followed by the flexibility offered through vacation exchange opportunities, and the value of vacation ownership.

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All information presented is deemed accurate but cannot be guaranteed until all official resort and owner documents are reviewed. The information on this site is provided by individual property owners, marketing and ad agencies or owners associations through the Timeshare Resale Division of: Andrew Hunter Real Estate licensed Real Estate Brokerage # RB046454-L Suite #8 Merchants Plaza, Tannersville, PA 18372 USA Andrew D. Hunter, Broker, Mark L. Nayman, Associate Broker # AB 065991

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