INDUSTRY
FACTS
Some interesting facts about vacation
ownership…..
General
Already the fastest-growing segment of
the World's largest industry (travel and tourism), vacation
ownership has enjoyed an incredible evolution. Today, vacation
ownership is increasingly perceived by Wall Street, the
media and (most importantly) the public as an affordable
and sensible product that deserves to hold a prominent place
in virtually every consumer's "lifestyle portfolio".
Facts & Figures
| Number of Vacation Ownership
Resorts worldwide: |
5,500+ |
| Number of countries with resorts |
95 |
| Global Sales Volume: |
>$10 Billion U.S. |
| Number of Vacation Owners worldwide:
|
6.7 million |
| Number of Memberships/Intervals sold
annually worldwide: |
650,000 |
| Average Length of stay per year |
8.1 days |
| Average resort size worldwide |
60 units |
| Owner Satisfaction: |
81.1% |
Why Consumers Invest
in Vacation Ownership
- Flexibility (including location, unit size & time
of year)
- Opportunity to exchange with other resorts
- Certainty of quality accommodations
- Credibility of the timeshare company
Satisfaction Rates
- Nearly 85% indicate satisfaction with their purchase
- Own the equivalent of 1.8 vacation weeks
Owners use
- 58% exchanged or banked their vacation week for another
destination
- 26% use their time
- 4% give their week to a friend or family member
- 4% rent their week
*All statistics provided by
the American Resort Development Association (ARDA) and the
Canadian Resort Development Association (CRDA) – 2005
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