Vacation Ownership (Timeshare) Market: Industry Analysis & Outlook (2016-2020)

  • ID: 3891858
  • Report
  • Region: Global
  • 72 Pages
  • Koncept Analytics
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Vacation Ownership (Timeshare): A Growing Industry
The vacation ownership industry, also referred to as the timeshare industry, enables consumers to share ownership of a fully furnished vacation accommodation. Typically, the consumer purchases either a title to a fraction of a unit or a right to use a property for a specific period of time. This is referred to as a Vacation Ownership Interest or VOI. VOIs are generally sold through weekly intervals or points based systems.

Under the weekly intervals system, owners can use a specific unit at a specific resort often during a specific week of the year. Under the points based system, owners often have advanced reservation rights for a particular destination, but are free to redeem their points for various unit types and/or locations.

This sector was once dominated by private developers selling one-week fee intervals, but now includes publicly-traded hospitality companies actively developing a full range of offerings at different price points in resort and urban destinations. An increase in the factors like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR) have made significant contribution to the growth of the industry.

The key factors driving the growth of vacation ownership market are accelerating economic growth, rising employed population in the US, growing urban population and rising high net worth individual & wealth. Some of the noteworthy trends and developments of this industry are rapid growth in vacation ownership, introduction of smartphone keys, introduction of new management services and increased emphasis on health and well-being. However, the expansion of vacation ownership market is hindered by increasing competition, technological issues and declining consumer confidence.

The report "Global Vacation Ownership Market" provides an in-depth analysis of the global market along with markets of the US. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as Marriott Vacation Worldwide, Wyndham Worldwide Corporation, Starwood Hotels & Resorts Worldwide Inc. and Diamond Resorts International. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.
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1. Introduction
1.1 Hospitality Industry
1.2 Vacation Ownership Industry
1.2.1 Operations of Timeshare Business
1.2.2 Stages of the Timeshare Concept
1.2.3 Fractional Ownership
1.2.4 Factors Influencing Timeshare Purchase Decision

2. Global Market Analysis
2.1 Global Hotel Industry
2.1.1 Global Hotel Industry Occupancy Rate by Region
2.1.2 Global Hotel Industry Forecasted Occupancy Rate by Region
2.2 Global Vacation Ownership Market
2.2.1 Global Timeshare Units by Size
2.2.2 Timeshare Industry by Ownership

3. The US Market Analysis
3.1 The US Hotel Industry
3.1.1 The US Hotel Industry Revenue
3.1.2 The US Hotel Industry Forecasted Revenue
3.1.3 The US Hotel Industry RevPAR
3.1.4 The US Hotel Industry Forecasted RevPAR
3.1.5 The US Hotel Industry Average Daily Rates
3.1.6 The US Hotel Industry Forecasted Average Daily Rates
3.1.7 The US Hotel Industry Occupancy Rate
3.1.8 The US Hotel Industry Forecasted Occupancy Rate
3.2 The US Vacation Ownership Market
3.2.1 The US Timeshare Industry Sales by Value
3.2.2 The US Timeshare Industry Forecasted Sales by Value
3.2.3 Total Timeshare Economic Output in the US
3.2.4 Average Resort Size in the US
3.2.5 Average Forecasted Resort Size in the US
3.2.6 Average Sales Price per Interval in the US
3.2.7 Average Forecasted Sales Price per Interval in the US
3.2.8 The US Timeshare Occupancy Rate
3.2.9 The US Timeshare Forecast Occupancy Rate

4. Market Dynamics

4.1 Growth Drivers
4.1.1 Accelerating Economic Growth
4.1.2 Rising Employed Population in the US
4.1.3 Growing Urban Population
4.1.4 Rising High Net worth Individuals and Wealth

4.2 Market Trends
4.2.1 Rapid Growth in Vacation Ownership
4.2.2 Introduction of Smartphone Keys
4.2.3 Introduction of New Management Services
4.2.4 Increased Emphasis on Health and Well-Being

4.3 Challenges
4.3.1 Increasing Competition
4.3.2 Technological Issues
4.3.3 Declining Consumer Confidence

5. Competitive Landscape
5.1 Global Vacation Ownership Interest Sales by Company
5.2 Global Timeshare Units by Company

6. Company Profiles

6.1 Marriott Vacations Worldwide
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies

6.2 Wyndham Worldwide Corporation
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies

6.3 Starwood Hotels & Resorts Worldwide Inc.
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies

6.4 Diamond Resorts International
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies

List of Charts

- Hospitality Industry Structure
- Categorical Distribution of Weekly Intervals
- Categorical Distribution of Points System
- Timeshare Industry- Relationship between Consumer, Developer and Exchange Network
- Global Hotel Industry Occupancy Rate by Region (2008-2015)
- Global Hotel Industry Forecasted Occupancy Rate by Region (2016-2020)
- Timeshare Industry by Ownership (2015)
- The US Hotel Industry Revenue (2010-2015)
- The US Hotel Industry Forecasted Revenue (2016-2020)
- The US Hotel Industry RevPAR (2010-2015)
- The US Hotel Industry Forecasted RevPAR (2016-2020)
- The US Hotel Industry Average Daily Rates (2010-2015)
- The US Hotel Industry Forecasted Average Daily Rates (2016-2020)
- The US Hotel Industry Occupancy Rate (2010-2015)
- The US Hotel Industry Forecasted Occupancy Rate (2016-2020)
- The US Timeshare Industry Sales by Value (2010-2015)
- The US Timeshare Industry Forecasted Sales by Value (2016-2020)
- Total Timeshare Economic Output in the US (2015)
- Average Resort Size in the US (2010-2015)
- Average Forecasted Resort Size in the US (2016-2020)
- Average Sales Price per Interval in the US (2011-2015)
- Average Forecasted Sales Price per Interval in the US (2016-2020)
- The US Timeshare Occupancy Rate (2010-2015)
- The US Timeshare Forecasted Occupancy Rate (2016-2020)
- The US GDP Growth (2009-2015)
- Working Population in the US, 15-64 Years (December 2009-March 2015)
- The US Urban Population (2009-2015)
- The US HNWI Population and Wealth (2009-2015)
- Global Vacation Ownership Interest Sales by Company (2015)
- Global Timeshare Units by Company (2015)
- Marriott’s Revenue Share by Segments (2015)
- Marriott’s Revenue Share by Region (2015)
- Marriott’s Revenues (2011-2015)
- Wyndham’s Revenue by Segment (2015)
- Wyndham’s Revenue by Source (2015)
- Wyndham’s Net Revenue and Net Income (2011-2015)
- Starwood’s Revenue Share by Business Segment (2015)
- Starwood’s Revenues and Net Income (2011-2015)
- Diamond Resort’s Revenue Share by Business Segment (2015)
- Diamond Resort’s Revenues and Net Income (2011-2015

List of Tables

- Factors Affecting the Timeshare Purchase Decision
- Global Timeshare Units by Size (2015)
- The US Timeshare Industry Metrics (2011-2015)
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Vacation ownership (timeshare) market is growing significantly, largely due to rapid growth in global economy and rising urban population. This sector now includes publicly-traded hospitality companies actively developing a full range of offerings at different price points in various destinations. An increase in the factors like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR) have made significant contribution to the growth of the industry.

Regionally, North America remains the global leader in the global market. Timeshare resorts are found around the globe in popular vacation areas near beaches, rivers, lakes, and mountains, and even in major cities.

As per the report "Vacation Ownership (Timeshare) Market: Industry Analysis & Outlook (2016-2020)", the demand for vacation ownership (Timeshare) market will be driven by accelerating economic growth, rising employed population, growing urban population and rising high net worth individual & wealth. Some of the noteworthy trends and developments of this industry are rapid growth in vacation ownership, introduction of smartphone keys, introduction of new management services and increased emphasis on health and well-being. However, the expansion of vacation ownership market is hindered by increasing competition, technological issues and declining consumer confidence.

The report presents an in-depth analysis of the global market along with market of the US. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. A thorough analysis has been conducted on key market players covering their business overview, product portfolio, financial overview and business strategies.
Note: Product cover images may vary from those shown
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- Diamond Resorts International
- Marriott Vacations Worldwide
- Starwood Hotels & Resorts Worldwide Inc.
- Wyndham Worldwide Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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