U.S. Vacation Timeshare Industry Shows Increased
Growth in 2015: Another Year of Substantial Growth
WASHINGTON –
July 6, 2016 – The U.S. timeshare industry enjoyed steady growth in 2015,
according to the State of the Vacation
Timeshare Industry: United States
Study 2016 Edition, conducted by Ernst & Young for the ARDA
International Foundation. Compared to 2014, sales volume increased by more than
nine percent and occupancy is up by over two percent.
“We are
thrilled with our industries performance in 2015 - six straight years of growth
with sales up nine percent this year to $8.6 billion,” said Howard Nusbaum, President
and CEO of the American Resort Development Association (ARDA). “Timeshare
offers a flexible vacation experience anywhere in the world. And with over 70% of the properties being two
or more bedrooms, families are enjoying the space for everyone
to actually relax and the privacy for individual or group time while on vacation.”
There were
1,547 timeshare resorts in the United States in 2015, representing about 200,720
units for an average resort size of 130 units. The sales volume rose from $7.9
billion in 2014 to $8.6 billion in 2014, a nine-percent increase, the second
largest increase percentage-wise since the recession. Occupancy increased two
percent, up to almost 80 percent, compared to just a 661 percent
hotel occupancy rate.
Other interesting findings from the study include: beach resorts are the
most common type of resort, with theme park resorts claiming the highest
occupancy. Florida has the most resorts, while Hawaii has the highest average
occupancy and maintenance fees. Nevada has the largest resorts (230 units on
average) while The Northeast has the lowest average maintenance fees ($690 per
interval).
The report was conducted by Ernst & Young
and commissioned by the American Resort Development Association (ARDA) International Foundation (AIF). For
more details, see ARDA’s State of the Industry infographic and for a copy of the full State of the Industry Study, visit www.arda.org/foundation.
STR Monthly Hotel Review:
December 2014, Smith Travel Research.