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 "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.
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.
According to this study, over the next five years the Vacation Ownership (Timeshare) market will register a 8.3% CAGR in terms of revenue, the global market size will reach US$ 21700 million by 2024, from US$ 13500 million in 2019. In particular, this report presents the global revenue market share of key companies in Vacation Ownership (Timeshare) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Vacation Ownership (Timeshare) market by product type, application, key companies and key regions.
This study considers the Vacation Ownership (Timeshare) value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3: and forecast to 2024 in section 10.7.
Timeshares
Vacation/Travel Clubs
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4: and forecast to 2024 in section 10.8.
Private
Group
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Wyndham
Marriott Vacations Worldwide
Hilton Grand Vacations
Hyatt
Diamond Resorts
Bluegreen Vacations
Disney Vacation Club
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Vacation Ownership (Timeshare) market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Vacation Ownership (Timeshare) market by identifying its various subsegments.
Focuses on the key global Vacation Ownership (Timeshare) players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Vacation Ownership (Timeshare) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Vacation Ownership (Timeshare) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
