GITNUX MARKETDATA REPORT 2024

Timeshare Industry Statistics And Trends in 2024

With sources from: prnewswire.com, statista.com, arda.org, franchisehelp.com and many more

In this post, we will explore the dynamic landscape of the timeshare industry through a statistical lens. The timeshare industry plays a significant role in the U.S. economy, supporting approximately 1 million jobs and generating billions of dollars in sales annually. From occupancy rates to average maintenance fees, we will delve into key statistics that shed light on the trends and characteristics of this thriving sector.

Statistic 1

"The timeshare industry supports approximately 1 million jobs directly and indirectly in the U.S."

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Statistic 2

"The timeshare industry experienced a 26% increase in sales from 2014 to 2018."

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Statistic 3

"The vacation ownership industry in the U.S. generates more than $10 billion in annual sales."

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Statistic 4

"Average maintenance fees for timeshare resorts in the U.S. are around $980 annually."

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Statistic 5

"Approximately 9.6 million households in the U.S. own at least one timeshare."

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Statistic 6

"Timeshare occupancy rates stood at around 79% in the U.S. in 2018."

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Statistic 7

"Orlando, Florida, is the leading location for timeshare resorts with over 14% of all U.S. timeshares."

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Statistic 8

"The global timeshare industry was valued at approximately USD 13.7 billion in 2019."

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Statistic 9

"The largest timeshare exchange company, RCI, has more than 3.7 million members globally."

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Statistic 10

"About 640,000 families bought timeshares in the U.S. between 2015 and 2018."

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Statistic 11

"The average age of a timeshare owner in the U.S. is 47 years old."

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Statistic 12

"The United States alone represents around 31% of the global timeshare market."

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Statistic 13

"96% of timeshare units in the U.S. have more than one bedroom."

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Statistic 14

"American Resort Development Association (ARDA) represents more than 95% of timeshare ownership in the U.S."

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Statistic 15

"More than 60% of timeshare resorts offer discounts or incentives to attract buyers."

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Statistic 16

"More than 1,580 resorts in the U.S. are part of the timeshare market."

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Statistic 17

"Timeshare exchange companies facilitate nearly 2 million exchanges annually in the U.S."

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Statistic 18

"The average household income of U.S. timeshare owners is approximately $94,933."

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Statistic 19

"The average sales price of a new timeshare in the U.S. was about $22,942 in 2018."

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Statistic 20

"Nearly 70% of timeshare owners reported being happy with their purchase."

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Interpretation

The timeshare industry in the U.S. is a significant contributor to the economy, supporting a large number of jobs and generating billions in sales annually. With a substantial number of households owning timeshares and high occupancy rates, it is evident that this industry holds a strong position in the market. Factors such as average maintenance fees, sales prices, and member satisfaction provide insight into the dynamics of the timeshare market. It is clear that timeshares play a crucial role in the tourism and hospitality sectors, offering a popular vacation option for many Americans.

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