US Vacation Ownership (Timeshare) Market size was valued at USD 10.5 Billion in 2022 and is projected to reach USD 17.2 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The US vacation ownership market, often referred to as the timeshare industry, showcases diverse regional trends influenced by local tourism dynamics, economic factors, and consumer preferences. Each region holds unique characteristics that shape the timeshare experience, particularly in areas known for their tourist appeal.
Florida: Dominating the market, Florida accounts for nearly 50% of all timeshare sales in the US. Iconic destinations like Orlando and Miami draw millions of vacationers, fueling a robust demand for ownership opportunities.
Hawaii: Known for its stunning landscapes and luxury resorts, Hawaii appeals to affluent buyers. The premium pricing reflects the desirability and exclusivity of owning a piece of this paradise.
California: With attractions like Disneyland and beautiful beaches, California remains a strong contender, particularly in coastal areas where tourism is year-round.
Mountain Destinations: Regions like Colorado and Utah are witnessing rising interest in mountain resorts, particularly for winter sports enthusiasts.
Urban Timeshares: Increasingly, consumers are drawn to urban centers; cities such as New York and Las Vegas are seeing a surge in city-based timeshare properties.
Understanding who is buying timeshares is key. Recent trends indicate that millennials, intrigued by shared ownership models, are entering the market more than ever before. Additionally, younger families appreciate the flexibility and predictability of vacation costs.
Research shows that the average price of a timeshare has increased by over 10% since 2020, reflecting consumer willingness to invest in vacation ownership despite economic uncertainties. The concept of “buying happiness” is becoming prominent as buyers prioritize travel experiences.
As remote work trends continue, the timeshare market may shift towards longer stays, emphasizing home-like amenities. This new wave of ownership suggests a transformative path ahead, further solidifying timeshare's position in the evolving travel landscape.
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Wyndham Worldwide Corporation
Marriott International
Apollo Global Management (Diamond Resorts International)
Hilton Grand Vacation Company
Segmentation analysis involves dividing the market into distinct groups based on certain criteria, such as type and application. This helps in understanding the market dynamics, targeting specific customer groups, and devising tailored marketing strategies.
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Resort-Based Vacation Ownership
Points-Based Vacation Ownership
Fractional Vacation Ownership
Private Residence Clubs
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Primary Residence
Secondary Residence
Vacation Home
Investment Property
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North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Vacation Ownership (Timeshare) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Vacation Ownership (Timeshare) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Vacation Ownership (Timeshare) Market , By Product
6. US Vacation Ownership (Timeshare) Market , By Application
7. US Vacation Ownership (Timeshare) Market , By Geography
North America
Europe
Asia Pacific
Rest of the World
8. US Vacation Ownership (Timeshare) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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The US vacation ownership market is estimated to be worth $10.2 billion as of 2020.
Approximately 9.6 million households in the US own a timeshare.
The average annual maintenance fee for timeshare owners is $1,000.
Approximately 85% of timeshare sales occur in the primary market.
There are around 1,570 resorts affiliated with timeshare companies in the US.
The average occupancy rate for timeshare resorts is 80%.
The average price of a timeshare resale in the US is $9,000.
The US vacation ownership industry generates approximately $9.6 billion in annual revenue.
The average length of a timeshare contract in the US is 7.2 years.
Around 25% of timeshare owners rent out their units to others.
There are over 200 timeshare companies operating in the US.
The average resale value of a timeshare in the US is $5,000.
There are approximately 9.6 million timeshare owners in the US.
The average age of a timeshare owner in the US is 46 years old.
There are around 220,000 timeshare units in the US.
Approximately 85% of timeshare owners are satisfied with their purchase.
Over 80% of timeshare owners use their timeshare for vacation annually.
Around 70% of timeshare sales are financed.
Approximately 1.9 million timeshare owners exchange their units for other destinations annually.
The average annual maintenance fee increase for timeshare owners is 4%.
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