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).
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 Òvacation ownership interestÓ) that is either a real estate ownership interest (known as a Òtimeshare estateÓ) or contractual right-to-use interest (known as a Òtimeshare licenseÓ) in a single resort or a collection of resort properties.
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 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 2026, growing at a CAGR of 8.3% between 2020 and 2026.
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 2020 and will be xx million USD in 2026, with a CAGR of xx%.
This report studies the Vacation Ownership (Timeshare) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Vacation Ownership (Timeshare) market by product type and applications/end industries.
Market Segment by Companies, this report covers Wyndham
Marriott Vacations Worldwide
Hilton Grand Vacations
Hyatt
Diamond Resorts
Bluegreen Vacations
Disney Vacation Club
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Timeshares
Vacation/Travel Clubs
Fractionals
Others
Market Segment by Applications, can be divided into Private
Group
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
