ARDA Reports Nine Years Of Consecutive Growth For Timeshare Industry
June 10, 2019
A ccording to the State of the Vacation Timeshare Industry: United States Study 2019 Edition, the timeshare industry has seen growth in the U.S. market for the ninth consecutive year. The study, conducted by
EY for the
ARDA International Foundation (AIF), reported that in 2018 the average occupancy rate of a timeshare was stable at 80.8%, but still exceeds the average occupancy rate of hotels which was 66.2%. The report also stated that sales volume increased from 9.6 billion to 10.2 billion with almost a 7% increase from the previous year. And finally,
rental revenue increased from 2.3 billion to 2.4 billion in 2018.
The timeshare industry has 1,580 resorts in the U.S. and
5,300 resorts worldwide with high brand standards for their
guests to enjoy their vacation experience
continue to evolve their product and strive to provide owners
and guests unique and experiential vacations at a great value,"
says President and CEO of the
American Resort Development
, Jason Gamel.
Gamel believes the higher
occupancy rate in
over hotels is due to the evolving
wants and needs of today's vacationers, who wants more than just
resort amenities, but
both at the property
and around the local community.
"The combination of our
on-site staff that are rooted in the community and our single
focus on hospitality, enables us to provide guests with the
knowledge to experience the local culture and unique activities,
whether that be through an immersive cooking class on property
or a first-hand recommendation of the area's best kept secrets,"
To learn more from our source,
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