Market Size – The vacation ownership (timeshare) market size has grown strongly in recent years. It will grow from $16.60 billion in 2023 to $17.90 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increased travel demand, increased disposable income, enhanced flexibility in timeshare options, improved marketing strategies, and increased consumer trust in reputable timeshare brands.
The vacation ownership (timeshare) market size is expected to see strong growth in the next few years. It will grow to $24.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rising demand for eco-friendly and sustainable vacation ownership options, increased focus on appealing to younger generations with flexible and modern offerings, personalized vacation experiences, growth in remote work opportunities encouraging longer stays and timeshare investments, and support to enhance the ownership experience. Major trends in the forecast period include enhanced use of technology for seamless booking, management, and digital experiences, integration of health and wellness facilities and programs within timeshare properties, technological advancements, improved customer support and services, and the use of virtual reality and digital tours to showcase properties and attract buyers.
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Scope Of Vacation Ownership (Timeshare) MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Vacation Ownership (Timeshare) Market Overview
Market Drivers –The vacation ownership (timeshare) market is expected to experience growth fueled by the increasing international tourism trends. International tourism, defined as individuals traveling to destinations outside their home country for leisure or business purposes, is on the rise due to various factors such as growing disposable incomes, enhanced travel access through affordable transportation, advancements in technology simplifying bookings, and an increased focus on health and wellness. Vacation ownership (timeshare) significantly supports international tourism by providing affordable, pre-paid vacation options that encourage repeat visits to various destinations. According to the United Nations Tourism in May 2023, international tourism receipts reached USD 1 trillion in 2022, with over 960 million tourists traveling that year and 235 million visiting in the first quarter of 2023, which is more than double the same period in 2022. Therefore, the rising trends in international tourism are driving the growth of the vacation ownership (timeshare) market, with market size values for 2023, 2024, and projections for 2028 reflecting this increase.
Market Trends – Major companies operating in the vacation ownership (timeshare) market are adopting a strategic partnership approach to develop advanced software for easy distribution of timeshare-by-owner supplies for the first time. Strategic partnerships involve companies combining their strengths and resources to mutually benefit from shared goals and enhanced success, often leading to innovative solutions and market growth. For instance, in May 2024, KOALA, a US-based timeshare rental marketplace, partnered with Expedia Group Inc., a US-based travel technology company. This partnership introduces features such as Vrbo connectivity for instant distribution, KOALA PRO for advanced management tools, and a proprietary transformation engine for data integration. This collaboration modernizes the timeshare rental process, enhances accessibility and visibility, and aligns with current travel trends, driving growth in the vacation ownership (timeshare) market by attracting more users.
The vacation ownership (Timeshare) market covered in this report is segmented –
1) By Type: Fixed-Week Ownership, Floating-Week Ownership, Points-Based Ownership
2) By Location: Beach Resorts, Mountain Resorts, Urban Areas, Theme Park Resorts
3) By Ownership Model: Deeded Ownership, Right-To-Use Contract
4) By Application: Private, Group
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Regional Insights – North America was the largest region in the vacation ownership (Timeshare) market in 2023. The regions covered in the vacation ownership (Timeshare) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Marriott Ownership Resorts Inc., Grupo Vidanta, InterContinental Hotels Group (IHG), Hilton Grand Vacations Inc., Travel + Leisure Co., Wyndham Hotels & Resorts Inc., Westgate Resorts, Intrawest Resort Club Group, Bluegreen/Big Cedar Vacations LLC, RCI (Resort Condominiums International), Diamond Resorts International Inc, Interval International Inc., Grand Pacific Resorts, Welk Resort Group, Silverleaf Resorts Inc., Shell Vacations Club, Disney Vacation Development LLC, Anantara Vacation Club, Karma Resorts Pte Ltd, Raintree Vacation Club
Table of Contents 1. Executive Summary2. Vacation Ownership (Timeshare) Market Report Structure3. Vacation Ownership (Timeshare) Market Trends And Strategies4. Vacation Ownership (Timeshare) Market – Macro Economic Scenario5. Vacation Ownership (Timeshare) Market Size And Growth…..27. Vacation Ownership (Timeshare) Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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