Vacation Ownership (Timeshare) Industry Report: 2013
Edition
With
its humble beginning as a novel concept in the 1960s, vacation/timeshare
ownership tourism has gradually attracted masses of tourists, real estate
developers, and investors equally. It is one of the key segments of hospitality
industry, holding vast growth potential, with major drivers being growing
interest in vacationing and increasing disposable income. Developed countries
like the US and Europe are the foremost markets for vacation ownership.
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TOC :-
As
the technological advancement in communications and travel has been moving on
the rapid growth trajectory, a stark change in societal and demographic
landscape is visible world over. For instance, increasing number of working
adults and women, early retirement, growing demand for leisure and recreation, increasing
urban population and ameliorating economic conditions are among some of the
major factors responsible for raised demand of vacation ownership products.
At
present, the global vacation ownership industry is recovering at a fast pace
and both demand and supply factors are poised to observe substantial growth in
the years to come. However, as the trend suggests, demand is growing relatively
faster in comparison with supply. 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.
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The
report offers an analysis of the global vacation ownership market. It discusses
major market trends, growth drivers and challenges. The market for vacation
ownership is personified by intense competition, with numerous large and
regional players competing on the basis of quality and location of timeshare
resorts, flexibility of usage, and other services offered by them. Wyndham
Worldwide Corporation is the leading player in the global vacation ownership
market in terms of revenues, number of resorts, and number of owners. The other
leading players include Marriott International, Starwood Hotels, Hilton Hotels,
and Hyatt Hotels, among others.
Contact:-
M/s Sheela
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-997-4948
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