Published on : Mar 22, 2017
Albany, New York, March 22, 2017: According to a recent research market study focusing on the U.S. market of vacation ownership witnessed an expansion at a significant CAGR during the span of 5 years, which is 2011-2016. Analysts have also made predictions that the market would rise in the next five years enormously. To explore the market status and exact results for future growth, researchers have prepared this study titled “The U.S. Vacation Ownership (Timeshare) Market 2017-2021”, which has been added to the broad research offerings database of Market Research Hub (MRH). Additionally, the report also throws light on the previous growth patterns, growth drivers as well as current and future trends.
Initially, the report starts by introducing Vacation Ownership along with its advantages and evolution. The vacation ownership industry also referred to as the timeshare industry, allows consumers to share ownership of a fully furnished vacation accommodation. Vacation ownership and timeshare are assets which consumers can buy and ultimately get paid off, enjoy and then passed on to future generations or sell. By looking to the consumers rising interest in traveling, timeshare owners provides wide range of travel options to choose from, allowing them to design their own vacations and enjoy some of the most exciting and appealing destinations around the globe. With vacation ownership and timeshare, seniors are not sacrificing superiority because of money. They get to stay in quality resorts instead of looking for bargain hotels to give their money away to.
Moreover, the report assesses the U.S. market by value and volume. Key opportunities in the market and the factors that are and will drive the growth of the industry are also outlined. Currently, as per the research key findings, major growth drivers for the U.S. vacation ownership market are:
- Timeshare sales metrics
- Property purchasing preferences
- Rising employed population in the U.S.
- Timeshare perception
- Travel and tourism industry
- High net worth individual population and wealth
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Some of the recent trends in the market include the rise in the vacation ownership households, inventory levels and next generation of timeshare prospects. There are still some of the challenges faced by the market, such as highly competitive market, seasonality and dream vacation barriers for timeshare owners.
Moreover, the report comprises a section of the competitive landscape for the market on the basis of the number of resorts, contract sales, tour flow and network connection along with the major transactions during the period 2011-2016.
The next section of the report covers company profiling of these major players:
- Marriott International, Inc.
- Wyndham Worldwide Corporation
- Hilton Grand Vacation Company, LLC
- Diamond Resorts International, Inc.
All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.
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