Good news for the timeshare industry was delivered this month with figures showing that timeshare in the US has enjoyed steady growth for in 2014 a trend which has now been seen over the last 5 years.
According to the study which was conducted Ernst and Young for the ARDA International foundation and named “The state of the Vacation Timeshare Industry: United States Study 2015 Edition” it found that compared to figure in 2013 sales volume had increased by more than four percent. In monetary terms the sales volume went from $7.6 billion in 2013 to $7.9 billion in 2014 which equates to a 4 percent increase. Occupancy rates climbed to 78 percent a rise of 2 percent.
Not only are these figures very encouraging for US market but for the timeshare industry as a whole.
The president of ARDA, Howard Nusbaum whose association instigated the report said: “Seeing an increase in our key metrics demonstrates that timeshare is poised for a bright future”
He also went on to state that one of the big reasons timeshare is appealing to buyers is that many timeshare resorts now offer “….over 70 percent of units are two-plus bedrooms and an average 1,160 square feet of living space – most with full kitchens!”
It seems that families in particular want that extra space and comfort in a relaxing home-style environment where everything is taken care of.
Popular resort types
The study also revealed that in 2014 the United States had 1,555 timeshare resorts which added up to 198,490 units.
Within these figures it revealed that beach based resorts are the most common kind and that resorts located in theme park locations enjoyed the highest occupancy rates. Island based resorts have the highest average sales price.
The area with the most resorts is of course Florida with 23% of the national total and resorts in Nevada were the largest with on average 182 units per resort.
These figures are a great boost for the industry and show that timeshare companies are now providing a product that is attractive to the travel and holiday marketplace.
Not only that but with the timeshare resale market you no longer have to pay premier prices to enjoy the 5 star luxury that most timeshare resorts offer. We have fantastic resale offers in all the top locations in the US and Europe with some prices saving you up to 70% on the original retail price.
Luxury Timeshare ownership is now more affordable and accessible than ever before and as the no1 reseller of timeshare resales in Europe we can help you find your perfect holiday ownership location. Contact our friendly team today to find out more.
For a copy of the full State of the Industry Study, visit www.arda.org/foundation