The timeshare industry has seen many changes over the years. Typically, a timeshare is a vacation property that is purchased by an individual with an agreement that they will use it for a certain period of time, usually two weeks. Those who purchase a timeshare get a 1/52 interest in a unit in the resort. In addition, they pay annual maintenance fees and a one-time signing fee for a deed. However, the timeshare industry has evolved to meet the needs of today’s travelers.
For instance, the ARDA International Foundation (ARDA) has a timeshare research group that publishes reports, consumer surveys, and other data about the timeshare industry. While ARDA may not produce the best timeshare sales figures, its annual report does a nice job of summarizing the industry’s output.
While the arda (the arrow) isn’t a real thing, it’s certainly a good omen that the timeshare industry has seen a bit of a revival. According to the ARDA report, the industry is expected to grow by a substantial amount in the coming years. This is largely due to the growing popularity of social sharing, which helped drive strong growth in the industry in 2018. Interestingly, the ARDA study found that the average sales volume in the United States in the years between 2000 and 2009 was $7.5 billion, while in the latest year, the total was $10 billion.
A flurry of activity in the industry has led to the emergence of new products. For example, the Hilton Group secured the rights to Diamond Resorts and the Apollo Group, while Wyndham announced its acquisition of Travel + Leisure. As a result, there is more competition and increased availability of timeshares, which can be a good thing. But this has also resulted in increased fraud, which has resulted in an upsurge in legal assertions, which may ultimately affect the viability of the industry as a whole.
The most impressive thing about the timeshare industry is that it has been able to survive the major financial crisis of 2008. While many other industries were hit hard by the Great Recession, the timeshare industry has been able to survive the economic downturn by making a few changes to its business model. It’s now more likely to attract younger consumers, which will benefit the industry’s bottom line.
Using a combination of points, deeds, and other timeshare magic, developers are able to facilitate exchanges between resorts. These exchanges are referred to as the “RTO” (Right to Use) program. When this happens, members of the program will receive a better deal for their money and more access to amenities.
The Timeshare Industry is a crowded field, which means it is difficult to find a reliable source of information. It’s also important to note that timeshares are notoriously difficult to resell. That being said, the industry has been undergoing some serious changes to increase liquidity and improve the overall customer experience. So if you’re thinking about buying a timeshare, be sure to do your homework.
