Timeshare building the local economy 2016


Going Local: Timeshare Industry Builds Local Economy

It’s not just the vacationers that benefit from timeshare ownership. Local communities in which timeshare resorts and operations are present benefit tremendously from the economic output and jobs created in the area. Each local timeshare industry’s economic impact provides significant funds toward enhancing the local infrastructure, education initiatives and a wide variety of other crucial public services.

Recently, the ARDA International Foundation (AIF) released five local economic impact studies in California, Florida, Las Vegas, Orlando, and South Carolina. Here are the overall results for each.

California: 

  • $3.6 billion economic output
  • $1.3 billion in labor income
  • 24,395 jobs
  • $267 million in tax revenue
  • $471 million in consumer spending
 

Florida: 

  • $14.9 billion economic output
  • $5 billion in labor income
  • 106,158 jobs
  • $865 million in tax revenue
  • $2.6 billion in consumer spending
 

Las Vegas: 

  • $2.5 billion economic output
  • $867 million in labor income
  • 16,861 jobs
  • $148 million in tax revenue
  • $436 million in consumer spending
 

Orlando: 

  • $6.4 billion economic output
  • $2.1 billion in labor income
  • 45,236 jobs
  • $502 million in tax revenue
  • $1.2 billion in consumer spending
 

South Carolina: 

  • $2.4 billion economic output
  • $818 million in labor income
  • 19,157 jobs
  • $130 million in tax revenue
  • $534 million in consumer spending
 
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For complete details, visit www.aifeducates.org.

Based on 2015 data gathered from the AIF U.S. Timeshare Industry: Economic Impact Study 2016, conducted by Ernst & Young.