Vacation Ownership (Timeshare) Market: Industry Analysis, Forecast, Opportunities & Outlook 2016-2020
The vacation ownership industry, also referred to as the timeshare industry, enables consumers to share ownership of a fully furnished vacation accommodation. Typically, the consumer purchases either a title to a fraction of a unit or a right to use a property for a specific period of time. This is referred to as a Vacation Ownership Interest or VOI. VOIs are generally sold through weekly intervals or points based systems. Under the weekly intervals system, owners can use a specific unit at a specific resort often during a specific week of the year. Under the points based system, owners often have advanced reservation rights for a particular destination, but are free to redeem their points for various unit types and/or locations.
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This sector was once dominated by private developers selling one-week fee intervals, but now includes publicly-traded hospitality companies actively developing a full range of offerings at different price points in resort and urban destinations. An increase in the factors like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR) have made significant contribution to the growth of the industry.
The key factors driving the growth of vacation ownership market are accelerating economic growth, rising employed population in the US, growing urban population and rising high net worth individual & wealth. Some of the noteworthy trends and developments of this industry are rapid growth in vacation ownership, introduction of smartphone keys, introduction of new management services and increased emphasis on health and well-being. However, the expansion of vacation ownership market is hindered by increasing competition, technological issues and declining consumer confidence.
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Table of Content
1. Introduction
1.1 Hospitality Industry
1.2 Vacation Ownership Industry
1.2.1 Operations of Timeshare Business
1.2.2 Stages of the Timeshare Concept
1.2.3 Fractional Ownership
1.2.4 Factors Influencing Timeshare Purchase Decision
2. Global Market Analysis
2.1 Global Hotel Industry
2.1.1 Global Hotel Industry Occupancy Rate by Region
2.1.2 Global Hotel Industry Forecasted Occupancy Rate by Region
2.2 Global Vacation Ownership Market
2.2.1 Global Timeshare Units by Size
2.2.2 Timeshare Industry by Ownership
3. The US Market Analysis
3.1 The US Hotel Industry
3.1.1 The US Hotel Industry Revenue
3.1.2 The US Hotel Industry Forecasted Revenue
3.1.3 The US Hotel Industry RevPAR
3.1.4 The US Hotel Industry Forecasted RevPAR
3.1.5 The US Hotel Industry Average Daily Rates
3.1.6 The US Hotel Industry Forecasted Average Daily Rates
3.1.7 The US Hotel Industry Occupancy Rate
3.1.8 The US Hotel Industry Forecasted Occupancy Rate
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