What Has Been The Evolution of the Vacation Ownership (Timeshare) Market in Recent Years?
The vacation ownership (timeshare) market has seen considerable growth due to a variety of factors.
• The vacation ownership (timeshare) market has grown strongly in recent years. It will grow from $17.9 billion in 2024 to $19.35 billion in 2025, at a CAGR of 8.1%.
The growth is attributed to higher travel demand, increased disposable income, improved flexibility in timeshare options, better marketing strategies, and growing consumer trust in reputable timeshare brands.
How Will the Vacation Ownership (Timeshare) Market?
The vacation ownership (timeshare) market is expected to maintain its strong growth trajectory in upcoming years.
• The vacation ownership (timeshare) market is expected to see strong growth, reaching $26.14 billion by 2029 with a CAGR of 7.8%.
Growth is attributed to the rising demand for sustainable vacation options, a focus on appealing to younger generations with flexible offerings, increasing remote work allowing for longer stays, and enhancements in the ownership experience. Trends include technology integration for seamless bookings, health and wellness offerings at timeshare properties, digital experiences, and virtual reality for property tours.
Which Factors Are Boosting Growth In The Vacation Ownership (Timeshare) Market?
The surge in global tourism is anticipated to fuel the expansion of the vacation ownership (timeshare) market. Global tourism pertains to individuals visiting places beyond their home nation for leisure, business, or other reasons. This increase in international tourism can be attributed to rising disposable incomes, more affordable transportation options, technological advancements that simplify travel bookings, and a growing emphasis on health and wellness. Vacation ownership (timeshare) promotes international tourism by offering cost-effective, prepaid holiday choices that urge repeat visits to different locations. For instance, data from the United Nations Tourism, a United Nations agency based in Spain, shows that in May 2023, international tourism revenue soared to USD 1 trillion in 2022, attracting over 960 million tourists that year and 235 million within the initial three months of 2023—twice as much as the same timeframe in 2022. Consequently, the uptick in international tourism is propelling the growth trajectory of the vacation ownership (timeshare) market.
What Key Areas Define The Segmentation Of The Global Vacation Ownership (Timeshare) Market?
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
Subsegments:
1) By Fixed-Week Ownership: Single Fixed Week, Multiple Fixed Weeks
2) By Floating-Week Ownership: Single Floating Week, Multiple Floating Weeks
3) By Points-Based Ownership: Vacation Points, Travel Club Points
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What Trends Are Reshaping The Future Of The Vacation Ownership (Timeshare) Market?
Top companies in the vacation ownership (timeshare) sector are increasingly taking on strategic alliances to formulate state-of-the-art software intended to simplify the dissemination of timeshare-by-owner goods for the first time. Such partnerships compel corporations to merge their competences and resources to collectively thrive from mutual objectives and increased success often instigating innovative solutions and boosting market expansion. For example, in May 2024, a strategic alliance was formed between KOALA, an American timeshare rental marketplace, and Expedia Group Inc., a travel technology company also based in the US. The coalition gave rise to features such as Vrbo connectivity for immediate distribution, KOALA PRO sophisticated management tools, and an exclusive transformation engine for data assimilation. This joint venture modernizes the method of timeshare rentals, enhances access and exposure, and falls in line with prevalent travel patterns, subsequently stimulating growth in the vacation ownership market by generating more user engagements.
Who Are the Key Players In The Vacation Ownership (Timeshare) Market?
Major companies operating in the vacation ownership (timeshare) 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
What Is The Most Dominant Region In The Vacation Ownership (Timeshare) Market?
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.
