A timeshare is a type of vacation ownership in which multiple individuals share rights to use the property, each with his or her own allotted time frame (in its most common form, this is a fixed week each year).
Seattle, WA -- (SBWIRE) -- 10/21/2019 -- The vacation ownership industry (also known as the timeshare industry) enables customers to share ownership and use of fully-furnished vacation accommodations. Typically, a purchaser acquires an interest (known as a "vacation ownership interest") that is either a real estate ownership interest (known as a "timeshare estate") or contractual right-to-use interest (known as a "timeshare license") in a single resort or a collection of resort properties.
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Scope of the Report:
As for the global Vacation Ownership industry, the industry structure is relatively concentrated in USA. The top three manufacturers have 44.57% revenue market share in 2017. Wyndham, which has 17.40% market share in 2017, is the leader in the Vacation Ownership industry. The manufacturers following Wyndham are Marriott Vacations Worldwide and Hilton Grand Vacations, which respectively has 14.48% and 12.69% market share globally.
The competition among hotel and resort timeshare operators for sales of VOIs based principally on location, quality of accommodations, price, service levels and amenities, financing terms, quality of service, terms of property use, reservation systems and flexibility for VOI owners to exchange into time at other timeshare properties or other travel rewards. So, the main players compete based on brand name recognition and reputation international. Plus, consumer demand for products and services provided by the timeshare industry is closely linked to the performance of the general economy and is sensitive to business and personal discretionary spending levels.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Vacation Ownership (Timeshare). Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
The global Vacation Ownership (Timeshare) market is valued at 13500 million USD in 2018 and is expected to reach 21700 million USD by the end of 2024, growing at a CAGR of 8.3% between 2019 and 2024.
Market Segment by Type, covers
Timeshares
Vacation/Travel Clubs
Fractionals
Others
Market Segment by Applications, can be divided into
Private
Group
Market Segment by Companies, this report covers Wyndham, Marriott Vacations Worldwide, Hilton Grand Vacations, Hyatt, Diamond Resorts, Bluegreen Vacations, Disney Vacation Club,
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