NEWARK, DE / ACCESSWIRE / October 13, 2022 / The global vacation ownership market stands at US$ 11.2 Bn as of now and is expected to reach US$ 32 Bn by the year 2032 at a CAGR of 7.3% between 2022 and 2032.
Vacation ownership market, better known as timeshares market, is expected to grow faster in the next 10 years than average owing to altering holiday tastes of the customers, rise in the number of international visitors, and likewise. With travel and tourism sector growing by leaps and bounds, especially in the post-Covid era, demand pertaining to timeshare accommodations is skyrocketing.
An interesting fact on this count is that numerous timeshare accommodation exchange companies have made an entry to the market. On these grounds, the customers can ‘exchange’ their respective vacation lodging with the other timeshare owners’ lodging in spite of it being in different locations.
The vacation ownership sector, as the name suggests, lets the customers use 100% furnished vacation homes as well as share ownership. Those who are inclined towards undertaking several vacation journeys every year end up adding more value to vacation ownership market. Plus, business travel is gaining popularity, which is, in turn, influencing increase in visits to resorts and hotels.
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Growing emphasis on wellness and health is driving the adoption of point-based vacations. In other words, the healthcare personnel are suggesting healthy vacations to follow the dictum “Healthy Mind in Healthy Body”.
At the same time, short-term expansion over here is under the clouds. This is due to the fact that annual maintenance costs linked with vacation ownership accommodations could be difficult to incur due to rivalry from international as well as domestic competitors. Moreover, the maintenance costs mentioned above are mandatory, irrespective of facility being used. The other challenging factors could be hazards pertaining to cyclicality and seasonality of vacation ownership market. Future Market Insights has enlisted these facts with future prospects in its latest market study entitled “Vacation Ownership market”.
Key Takeaways from the Vacation Ownership Market
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“With people wanting to vacation at preferred places with preferred lodging, the vacation ownership market is bound to take-off in the near future”, says an analyst from Future Market Insights.
Vacation Ownership Market by Category
By Tour Type:
By Tourist Type:
By Booking Channel:
By Consumer Orientation:
By Age Group:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
To be continued…!
What does the Report Cover?
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