Global Vacation Ownership (Timeshare) Market Overview:
Vacation ownership, better known as timeshare, constitutes a dynamic part of the hospitality business that typically allows individuals to own or rent out units of the resort properties for a specific period of the year. Timeshare property representatives rightly express that they have many of the comfortable living conditions and available amenities which ensure a consistent holiday experience for owners. Ownership systems are perhaps one of the timeshare’s most unique features. For instance, fixed-week, floating-week, and points-based systems accommodate a diverse range of travel styles. Technological Enhancements have simplified booking Processes by adopting models of online websites and mobile Applications which make user booking more convenient. It can be noted that this market has distinctly affected the travel industry, providing budget travellers with inexpensive holiday alternatives. On the flip side, its revenue growth in accommodation facilities remains unshaken. Several hurdles such as shared maintenance cost, the risk of time-sharing going unsold, and the challenge of planning multi-destination trips are the major concerns of the timeshare owners.
Attributes | Details |
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Study Period | 20181-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 20181-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technology Integration by mobile apps provides real-time information and Sustainable and Eco-friendly vacation ownership
Market Growth Drivers:
Consistent Vacation destination year after year and Flexibility to exchange or rent out timeshare
Challenges:
Economic Downturns and fluctuations impacting consumer spending on vacations
Restraints:
Maintenance Fees and Unexpected Costs and Legal Complexities regarding timeshare contracts
Opportunities:
Leveraging technology for enhanced customer experience and streamlined operations and Expansion into emerging markets and untapped demographics
Competitive Landscape:
With major players like Marriott Vacations Worldwide, Wyndham Destinations, and Hilton Grand Vacations in the ownership vacation market, the industry is characterized by cent activity and different ownership models. There exist, for instance, smaller competitions such as Bluegreen Vacations and Diamond Resorts, that specialize in niche markets as well as provide their clients with one-of-a-kind experiences. The new concepts such as shared ownership and the green resorts places the market, however, the regulatory concerns and negative views from different parties set barriers for the tourism development. Strategic tie-ups with technology, together create a wide range of characteristics, an active and competitive system of the sector are drive by growth.
Some of the key players profiled in the report are Wyndham (United States), Marriott Vacations (United States), Hilton Grand Vacations (United States), Hyatt Residence (United States), Diamond Resorts (United States), Bluegreen Vacations (United States), Disney Vacation Club (United States), Westgate Resorts (United States), Holiday Inn Club Vacations (United States) and Sheraton Vacation Club (United States). Additionally, following companies can also be profiled that are part of our coverage like Four Seasons Residence Clubs (Canada), Accor Vacation Club (Australia), RCI (Resort Condominiums International) (United States), Grand Pacific Resorts (United States) and Shell Vacations Club (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Vacation Ownership (Timeshare) market by 2030.
Considering Market by , the sub-segment i.e. will boost the Vacation Ownership (Timeshare) market.Latest Market Insights:
On 3rd February 2023, Hyatt Acquired Dream Hotel Group this acquisition encompasses 12 managed or franchised lifestyle hotels and 24 signed long-term management agreements, adding over 1,700 rooms to its portfolio. This move furthers Hyatt's growth strategy, expanding its brand footprint in key markets like Nashville, Hollywood, and New York City, bolstering its presence in strategic destinations such as Las Vegas, Saint Lucia, and Doha, and solidifying its position in the competitive hospitality industry.
In Feb 2024, Blue Wings Tours & Travel collaborates with Wyndham Hotels & Resorts for a luxurious resort project in Udaipur, India, set to open in 2025. The partnership aims to elevate hospitality standards, offering opulent accommodations, diverse dining, and job opportunities while enhancing Udaipur's appeal as a prime tourist destination.
What Can be Explored with the Vacation Ownership (Timeshare) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Vacation Ownership (Timeshare) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Vacation Ownership (Timeshare)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vacation Ownership (Timeshare) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vacation Ownership (Timeshare) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Families, Business Professionals, Travel Enthusiasts, Retirees and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.