Every year, thousands of people worldwide enjoy the benefits of an arrangement in which several other people have the right to use a property as a holiday home – known as a timeshare scheme.
There are lots of aspects involved in owning a timeshare, and in order to get the best experience, it is crucial to fully get to grips with everything there is to know. Even if you already own a timeshare, you may consider selling it, for various reasons, and if you do go down the timeshare resale route, it is also imperative to be clued up on the ins and outs of the best way to achieve a successful timeshare resale.
The internet can provide a wealth of information about everything you might need to know about the timeshare business. Certainly, if you decide to sell your timeshare, there are also expert organisations that can assist you along the way.
If you are interested in finding some facts and figures about timeshares, however, you may well find the following information enlightening, which gives the low down on all the industry statistics.
Estimates suggest there are around 6,500 timeshares all over the world in over 100 countries, with approximately seven million people owning a slice of the timeshare market. A third of timeshare owners are from the USA.
The average timeshare owner takes two holidays each year, compared to non-timeshare owners who take one or less. The average timeshare owner usually owns 1.51 weeks, with many buying another timeshare after the initial purchase, or selling their previous one.
At any one time, around 80% of timeshare units are full. For many economies, timeshare resorts can provide year-round employment opportunities for local workers.
When surveyed, 97% of timeshare owners agreed that a timeshare resort was just as good or better than a hotel. Some 96% believe that a timeshare is a much easier and superior experience compared to staying at a hotel.
Nine out of 10 people who purchase a timeshare are motivated by saving on future holiday costs, the credibility of the timeshare company and being certain of getting quality accommodation.
For those who have ever owned a timeshare, 86% enjoyed a positive, ownership experience, and nearly seven out of 10 respondents would recommend their timeshare resort.
The average age of a timeshare owner is 48, while nearly 60% of new purchasers are under the age of 45. Far from being older people who are entering the timeshare market, increasingly younger people are taking advantage of the benefits of being a part of this industry.
- Friday, 19 September 2014 10:42