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What is the global market size for timeshares?
Hello! Thanks for your question about the global market size for timeshares. The short version is that after searching extensively through company annual reports, industry reports, and trusted media sites, I have determined that the information you requested is not publicly available because recent reports addressing the global market size are blocked by paywalls, and no global statistics are publicly available for free. However, I was able to find significant information on the United States market. Below you will find a deep dive of my research and methodology.
METHODOLOGY
After searching exhaustively, I have not been able to find the global market size for timeshares. First, I looked through industry reports. While there are reports that should provide this information, it appears that they are not publicly available because they are blocked by a paywall. However, in my search for industry reports, I found the American Resort Development Association, which provides extensive reporting on the United States timeshare industry. Next, I looked through corporate reports. Finally, I looked through trusted media sites, which provided additional information on available reports.
HELPFUL FINDINGS
While I could not find a direct answer to your question, I was able to gather some information about this topic, which I think will be helpful for your project.
--The most recent in-depth reports on the global timeshare industry reflects information from 2016 and includes projections to 2022. It names Wyndham, Marriott Vacations Worldwide, Starwood Hotels, and Hyatt as the top four players in the global industry.
--Wyndham Worldwide one of the global major players, provides corporate information regarding their timeshare company, Club Wyndham. On a job posting from May 2017 for a Club Wyndham Telesales Executive, they note that "Wyndham boasts the world’s most extensive and diverse portfolio of resorts and hotels, making us a powerhouse in this $12 billion industry!" Unfortunately, there are no publicly available reports to support this information. It is also unclear if the "industry" being referred to is hospitality and tourism overall, or if it is referring to the timeshare industry alone.
--A leader in the timeshare industry, Interval International conducted a membership profile of all of their US-resident members. According to their findings, 84% of their members are married, while 50% of them have a household income that surpasses $100,000. Generally, members prefer to purchase a two-bedroom unit when shopping for timeshares or vacation ownership plans (59%), while most others prefer one room (25%).
In terms of global presence, the top five markets for member respondents who would purchase additional vacation time are the United States (81%), the Caribbean (27%), Mexico (13%), Europe (9%), and Canada (9%). 86% of respondents said that beachfront or coastal locations are their top priority in terms of geographical characteristics, while 42% listed tropical islands as their geographic preference.
--According to the ARDA, the "timeshare industry [added] $79.5 billion to the U.S. economy" in 2015. The industry also provided over 511,000 full- and part-time jobs.
--The size of the US timeshare industry in 2016 was $9.2 billion, up from $8.60 billion in 2015. The average timeshare occupancy rate in 2015 was 79.9%, an increase from 64% in 2014. Additionally, 46% of timeshare sales in 2015 were from new owners.
POSSIBLE CONTINUED RESEARCH
While I could not find a direct answer to your question, I was able to gather some information about this topic, which I think will be helpful for your project.
--Bearing in mind that information on the timeshare market is blocked behind a paywall, perhaps looking into trends in hospitality would provide additional insight for your project.
--Considering that information on the global market is unavailable, perhaps researching additional information on the US market or LATAM markets may benefit your research.
CONCLUSION
To wrap it up, after searching extensively through annual reports, trusted media sites, and corporate reports, a direct answer to your question is not publicly available because recent information addressing the global market is blocked behind a paywall. However, I learned extensive information about the US market, as well as information on US timeshare owners. If you’d like to continue research on any of the other topics I’ve outlined above, just let us know!
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