The 2015 numbers are in and we are pleased to announce another great year of substantial growth in our industry! Here are some highlights from the 2016 State of the Timeshare Industry Study conducted by Ernst and Young for ARDA International Foundation (AIF).
Sales Volume $8.6 Billion
Sales volume rose by nine percent in 2015 from $7.9 billion in 2014 to $8.6 billion in 2015. That’s the second largest increase percentage-wise since the recession!
Timeshare Resorts in U.S. at High of 1,547
In 2015 there were 1,547 timeshare resorts in the U.S. representing about 200,720 units. The average resort size was 130 units. Occupancy rates were up to nearly 80 percent, a two percent increase. In comparison, the hotel occupancy rate was only 66 percent. Vacationers are loving their timeshares!
Average Sales Price for Timeshare at $22,240
That's a nine percent increase over 2014. Howard Nusbaum, President and CEO of ARDA was thrilled with our industry's performance in 2015 and said in a recent press release, "Timeshare offers a flexible vacation experience anywhere in the world. And with over 70% of the properties being two or more bedrooms, families are enjoying the space for everyone to actually relax and the privacy for individual or group time while on vacation."
Interesting Facts Quiz
Here’s a quiz to test your knowledge of the industry and see if you know the answers to some of the other interesting findings from the study. Don’t look at the answers before you choose!
- What is the most common type of resort?
- Which resort has the highest occupancy?
- What state has the most resorts?
- What state has both the highest average occupancy and highest maintenance fees?
- What region has the lowest average maintenance fees?
- What state has the largest resorts?
Answers to Quiz
- Beach Resorts
- Theme Park Resorts
- Northeast ($690 per interval)
- Nevada (230 units on average)
For even more information, see ARDA's State of the Industry infographic at www.arda.org/foundation.