Key Takeaways
- In 2022, the U.S. vacation ownership industry achieved a record $10.5 billion in total sales volume, marking a 9% increase from 2021.
- Globally, the vacation ownership market was valued at $12.4 billion in 2023, projected to reach $23.6 billion by 2030 at a CAGR of 9.6%.
- The European vacation ownership market grew by 7.2% in 2022, reaching €5.8 billion in revenue.
- There are approximately 1,577 vacation ownership resorts in the United States as of 2023.
- 10.2 million U.S. households own vacation ownership interests in 2023.
- 89% of owners plan to pass their vacation ownership to family members.
- The average age of U.S. vacation ownership buyers is 49 years in 2023.
- 54% of U.S. vacation owners are college graduates.
- Women represent 52% of primary vacation ownership decision-makers.
- U.S. vacation ownership sales volume reached 271,000 tours in 2022.
- Average price per vacation ownership interval sold: $24,500 in 2023.
- Fee generation from owners totaled $4.3 billion in 2022.
- U.S. resorts average 1,200 total units each.
- Florida hosts 35% of all U.S. vacation ownership resorts.
- Average resort occupancy rate: 85% in peak season.
The vacation ownership industry is experiencing strong global growth and record-breaking sales.
Consumer Demographics
- The average age of U.S. vacation ownership buyers is 49 years in 2023.
- 54% of U.S. vacation owners are college graduates.
- Women represent 52% of primary vacation ownership decision-makers.
- Median household income of owners is $105,000 annually.
- 68% of owners are married or in a domestic partnership.
- Baby Boomers (55-73) comprise 48% of U.S. owners.
- 42% of buyers come from the Northeast U.S. region.
- Gen X (44-59) accounts for 32% of new purchases.
- 27% of owners have children under 18 living at home.
- Hispanic/Latino buyers grew 18% in share to 14%.
- Average owner tenure is 12.5 years with ownership.
- 61% of owners are retired or semi-retired.
- Millennials (27-42) represent 15% of total owners.
- 35% of buyers have prior timeshare rental experience.
- African American ownership rate doubled to 8% since 2015.
- Top states for owners: Florida 28%, California 12%.
- 73% of owners have household net worth over $500K.
- Gen Z trial participation up 45% via family gifting.
- 51% of owners are from urban/suburban areas.
- Average buyer age at first purchase: 46 years.
- 22% of owners are self-employed or business owners.
- Asian American buyers at 6% share, up 20% YoY.
- 64% of owners have postgraduate education or higher.
- Repeat buyers from referrals: 38% of sales.
- Southern U.S. residents: 31% of owner base.
- 47% of owners aged 50+ have multiple properties.
- Female-led households: 19% of ownership.
- Midwest owners prefer points systems at 58%.
- High-net-worth individuals (>1M assets): 29%.
Consumer Demographics Interpretation
Market Size and Growth
- In 2022, the U.S. vacation ownership industry achieved a record $10.5 billion in total sales volume, marking a 9% increase from 2021.
- Globally, the vacation ownership market was valued at $12.4 billion in 2023, projected to reach $23.6 billion by 2030 at a CAGR of 9.6%.
- The European vacation ownership market grew by 7.2% in 2022, reaching €5.8 billion in revenue.
- Asia-Pacific vacation ownership sector expanded at 11.3% CAGR from 2018-2023, driven by rising middle-class tourism.
- U.S. vacation ownership contributed $85 billion to the national economy in 2022 through direct, indirect, and induced spending.
- The global timeshare market size stood at USD 9.72 billion in 2021 and is expected to grow at a CAGR of 7.5% from 2022 to 2030.
- In 2023, North American vacation ownership sales reached $11.2 billion, up 12% YoY.
- Latin American vacation ownership market valued at $1.8 billion in 2022, with Brazil leading at 45% share.
- The vacation ownership industry's global revenue grew 15% in 2021 post-COVID recovery.
- U.S. vacation ownership market share of overall lodging industry is 2.1% but generates 5.4% of resort revenue.
- Australian vacation ownership sector reported AUD 1.2 billion in sales for 2022, up 8%.
- Middle East vacation ownership market projected to grow from $0.9B in 2023 to $2.1B by 2028 at 18% CAGR.
- Canadian vacation ownership sales hit CAD 1.5 billion in 2023, 10% growth driven by domestic demand.
- The industry's global market size increased by 14.2% in Q4 2022 alone.
- U.S. vacation ownership volume sales rose 11% to 270,000 units in 2022.
- South African timeshare market valued at ZAR 4.5 billion in 2023.
- Global vacation ownership penetration rate in tourism market is 1.8% as of 2023.
- Mexico's vacation ownership industry generated $1.2 billion USD in 2022.
- The sector's average annual growth rate from 2015-2023 was 7.8% globally.
- U.S. interval ownership sales reached $6.8 billion in 2022.
- European market CAGR projected at 6.5% through 2027.
- Vacation ownership's share of global vacation spending is 3.2% in 2023.
- India's nascent market hit INR 15 billion in 2023.
- U.S. fee-for-service revenue in vacation ownership was $4.2 billion in 2022.
- Global points-based ownership systems grew 22% in market share since 2019.
- Caribbean vacation ownership market at $0.7 billion in 2022.
- China's market expanded to CNY 10 billion in 2023 at 12% YoY.
- U.S. industry employed 220,000 people directly in 2022.
- Global resale market for vacation ownership was $1.1 billion in 2023.
- The sector's GDP contribution in U.S. was 0.4% in 2022.
Market Size and Growth Interpretation
Operational and Resort Stats
- U.S. resorts average 1,200 total units each.
- Florida hosts 35% of all U.S. vacation ownership resorts.
- Average resort occupancy rate: 85% in peak season.
- 1,200 resorts worldwide with over 7 million beds.
- Hawaii has 120 dedicated vacation ownership resorts.
- Average maintenance fee: $1,025 per week in 2023.
- 42% of resorts offer on-site spas and wellness.
- Gulf Coast resorts average 85% annual utilization.
- 68% of resorts have pools exceeding 10,000 sq ft.
- Europe averages 250 units per resort property.
- Staff-to-unit ratio: 1:8 in U.S. resorts.
- 75% of resorts integrate smart home tech by 2023.
- Mexico resorts: 300+ properties, avg 400 units.
- Energy efficiency upgrades in 55% of resorts.
- Average resort age: 18 years, with 20% new builds.
- 82% of resorts offer exchange partnerships.
- Mountain resorts average 92% winter occupancy.
- Urban vacation resorts grew 15% in number since 2020.
- Avg housekeeping cost per unit: $45 weekly.
- 61% resorts have EV charging stations installed.
- Caribbean resorts avg 75 units, high-end focus.
- Digital check-in adoption: 88% of resorts.
- Waterpark-integrated resorts: 12% of total.
- Avg revenue per available unit (RevPAU): $950.
- Golf course access in 34% of U.S. resorts.
- Sustainability certifications held by 47% resorts.
Operational and Resort Stats Interpretation
Ownership and Participation
- There are approximately 1,577 vacation ownership resorts in the United States as of 2023.
- 10.2 million U.S. households own vacation ownership interests in 2023.
- 89% of owners plan to pass their vacation ownership to family members.
- Vacation ownership penetration rate in U.S. households is 8.1% in 2023.
- 15.7 million individuals participated in vacation ownership in 2022.
- 72% of owners use their ownership 7 or more times per year.
- Global vacation ownership owners number 9.5 million in 2023.
- In Europe, 1.2 million households own timeshares as of 2022.
- 65% of owners acquired their first timeshare before age 50.
- Vacation club memberships grew to 4.5 million globally in 2023.
- 41% of U.S. owners have multiple ownership interests.
- International exchange usage by owners reached 2.1 million stays in 2022.
- 78% of owners report high satisfaction with their purchase.
- Right-to-use contracts represent 22% of U.S. ownership types in 2023.
- Asia-Pacific ownership base expanded to 1.8 million in 2023.
- 55% of owners use points-based systems exclusively.
- U.S. millennial ownership increased 28% from 2019-2023.
- 3.2 million deeded weeks owned in perpetuity in U.S.
- Global family ownership transmission rate is 82%.
- Mexico has 450,000 timeshare owners as of 2023.
- 67% of owners renew or upgrade within 5 years.
- Vacation ownership units under management: 1.5 million in U.S.
- 29% of owners participate in rental programs.
- European points ownership grew 15% to 800,000 accounts.
- U.S. boomer ownership holds 62% market share.
- Global resale ownership transactions: 250,000 in 2022.
- 76% of owners vacation more frequently due to ownership.
- Australia-New Zealand ownership: 350,000 households.
Ownership and Participation Interpretation
Sales and Revenue
- U.S. vacation ownership sales volume reached 271,000 tours in 2022.
- Average price per vacation ownership interval sold: $24,500 in 2023.
- Fee generation from owners totaled $4.3 billion in 2022.
- Conversion rate from tours to sales: 14.2% in U.S. 2023.
- Resale market average sale price: $15,200 per week in 2023.
- 52% of sales were financed with average loan $18,000.
- Default rate on vacation ownership loans: 1.8% in 2022.
- International buyer sales share: 7% of U.S. total.
- Upgrade sales accounted for 28% of total volume.
- Average VPG (volume per guest) rose to $3,450 in 2023.
- Rental revenue from unused inventory: $1.9 billion.
- Points-based sales average $28,000 per contract.
- U.S. sales per resort average 150 intervals annually.
- 65% of revenue from existing owners renewals.
- European sales volume: 65,000 intervals in 2022.
- Maintenance fee collection rate: 97.5%.
- Online lead conversion to sales: 22%.
- Fractional sales average $450,000 per share.
- Mexico sales hit 45,000 intervals at avg $22K.
- 11% YoY increase in financed sales volume.
- Ancillary revenue per owner: $1,200 annually.
- Tour cancellation rate dropped to 8% post-2022.
- High-end luxury sales grew 19% to $1.2B.
- Average commission per sale: 12.5% of price.
- Digital sales channels: 18% of total in 2023.
- Inventory turnover rate: 92% utilization.
- Referral sales volume: 15,000 contracts.
- EBITDA margins average 28% for developers.
Sales and Revenue Interpretation
Trends and Projections
- Global vacation ownership market projected to grow at 8.9% CAGR to $25B by 2030.
- U.S. ownership penetration expected to hit 10% by 2028.
- Digital sales platforms to capture 30% of market by 2027.
- Sustainable resorts to double to 40% market share by 2030.
- Millennial/Gen Z ownership to reach 35% by 2030.
- Points-based systems projected at 70% dominance by 2028.
- Asia-Pacific growth at 12% CAGR through 2030.
- Rental inventory platforms to grow 25% annually.
- VR/AR tours to boost conversions 20% by 2026.
- Hybrid ownership models (subscription) emerging at 5% share by 2027.
- Climate-resilient resorts investment up 30% by 2030.
- AI personalization to increase retention 15%.
- Europe recovery to pre-COVID levels by 2025.
- U.S. sales projected $14B by 2027.
- Wellness-integrated ownership to grow 18% CAGR.
- Blockchain for resale transactions by 15% adoption 2028.
- Domestic travel bias to persist, 75% share.
- Short-term urban stays up 22% in ownership use.
- Fee inflation capped at 3% annually through 2030.
- Latin America CAGR 10.5% to $3.5B by 2030.
- Metaverse virtual ownership trials by 2027.
- Employee retention tech to cut turnover 20%.
- Adventure/experiential resorts +25% development.
- Cashless resorts 90% by 2028.
- Ownership gifting to younger gens up 40%.
- Global employment to hit 300K by 2030.
Trends and Projections Interpretation
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