Significant progress was made in 2021 to bring the timeshare industry back to normalcy.
Following the COVID-19 protocols and safety restrictions, people are returning to traveling again. According to ARDA's AIF State of the Industry Report for 2021, the sales volume of timeshares increased from $4.9 billion in 2020 to $8.1 billion in 2021. In addition to sales volume increasing, average occupancy rose from 49.2% to 73.1% as well as rental revenue increased by $.9 billion. Significant progress was made in 2021 to bring the timeshare industry back to normalcy.
What is a timeshare
To ensure a vacation year after year, timeshares are an alternative to buying a second vacation home. When purchasing a timeshare, you are paying for a lifetime of vacations upfront. Essentially, timeshares are resorts or vacation "ownership" divided into fractional or shared ownership. Currently, in the United States, there are over 1,500 timeshare resorts anywhere from bustling cities to relaxed beaches to mountain towns. Timeshares are incredibly well-suited for unique and unforgettable vacations.
Top timeshare companies and destinations
It used to be that timeshare owners received a fixed week at their resort every year. A points-based system is used by vacation clubs and brands today, providing greater freedom and flexibility. Various hospitality companies own timeshare resorts around the world. Top brands include Marriott, Hilton, Wyndham, Hyatt and Bluegreen. This allows their owners to travel to almost any location, especially when they have an exchange membership. Owners get access to traveling to different resorts by joining a vacation club. As a result of allocation amounts, owners can book various hotels and resorts at multiple times of the year, with different lengths of stay and with different seasons. Before you choose which resort to buy, look at the top timeshare destinations. According to a study by ARDA International Foundation, 24% of all timeshare resorts are in Florida, 9% are in California, 7% are in South Carolina as well as 6% are in Hawaii.
Timeshares vs. hotels vs. home vacation rentals
Due to the amenities and security, timeshares have been preferred over hotels and home vacation rentals. In addition, timeshares have had a higher occupancy rate than hotels. The average size of a hotel room is less than 400 square feet, while the standard timeshare unit size is 1,030 square feet. Guests will have space to stretch out and enjoy their privacy with all that space. Not to mention, over 85% of all travelers rate their timeshare experience as excellent, very good or good. With their outstanding amenities and spacious units, timeshares have been shown to cost tens of thousands less than hotels or vacation rentals.
Rent a timeshare
Find incredible deals at resorts across the globe with timeshare rentals. Anyone can rent a timeshare from owners. Whether you are looking to find amazing deals or want to try them before you buy, timeshare rentals are a great steal. In order to guarantee maximum comfort, timeshare resorts offer additional space complete with a fully equipped kitchen, living areas and a private bedroom. On top of paying less than the average traveler, timeshare guests have other amenities. Extra amenities include a washer/dryer, housekeeping, concierge, on-site staff, pools, spas, fitness centers, events and activities.
Buy a timeshare
Travel prices are through the roof on flights, hotels, gas and more because everyone wants to travel again. By buying a timeshare, you won't have to worry about inflation in the future by paying for a lifetime of vacations upfront. Timeshare resales offer excellent value for those interested in saving on vacations and beating inflation. Timeshare ownership also ensures owners a place to stay on vacation every year without changing their costs.
Photo by Chen Mizrach on Unsplash
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
