Vacation Ownership (Timeshare) Market: Industry Analysis & Outlook ( )

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1 Industry Research by Koncept Analytics Vacation Ownership (Timeshare) Market: Industry Analysis & Outlook ( ) August 2018 Vacation Ownership (Timeshare) Market: Industry Analysis & Outlook ( ) 1

2 Executive Summary The word "timeshare" has evolved over the years to include a wide variety of vacation products and plans. It is also known as "vacation ownership" "holiday ownership" and "interval ownership. A timeshare is a property with a particular form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each individual is allotted a period of time (typically one week and almost always the same time every year) in which they may use the property. The global vacation ownership (timeshare) market suggested a healthy growth in 2017, owing to the factors such as urbanization, economic growth and favorable demographics. But most importantly, the market was driven by technological advancements brought up by resorts. A greater number of resorts have adopted new technologies to enhance their customers experience while their stay at resorts. Some resorts even added virtual reality experience for their customers. Apart from that, an increasing trend of business travel is also being seen globally, which is boosting the market to some extent. The U.S. remained a stronger market for vacation ownership, owing to the higher concentration of key players of the market and increasing number of international tourists over there. In the U.S., there is a high demand for leisure and business travel, which is pushing the market upwards. In terms of competition analysis, global vacation ownership market remained highly fragmented in Interval Leisure Group, Wyndham Worldwide Corporation, Marriott Vacations Worldwide Corporation and BBX Capital Corporation were the key players of the market. There is a constantly increasing entrance of new players in the market due to the greater business opportunities. Though, the market is highly fragmented, key players of the market tend to consolidate with smaller players of the market. Vacation Ownership (Timeshare) Market: Industry Analysis & Outlook ( ) 2

3 Global vacation ownership market is likely to be driven by accelerating economic growth, increasing trend of business travel, favorable demographics, growing number of international tourists Global Hotel Industry Value by Region (2017) The U.S./Canada and Europe held major share of..% and..% respectively, in global hotel industry value. With a share of..%, Europe dominated the global hotel industry, in terms of volume, followed by the U.S./Canada with a share of..% in In year 2022, global vacation ownership market is expected to reach US$.. billion, increasing from US$.. billion in 2018, at a CAGR of..%. The U.S./Canada Asia-Pacific Europe Latin America/Middle East Global Hotel Industry Volume by Region (2017) Global Vacation Ownership Market Forecast by Value ( ) Europe Asia-Pacific The U.S./Canada Latin America/Middle East Vacation Ownership (Timeshare) Market: Industry Analysis & Outlook ( ) 3

4 The U.S. vacation ownership market growth would be attributable to increasing high net worth individual population in the U.S. along with growing international tourism, increasing technological advancements in the hotel industry Units The U.S. Vacation Ownership Market Forecast by Value ( ) The U.S. vacation ownership market is expected to reach US$.. billion in the year 2022, increasing from US$.. billion in the fiscal year 2018, at a CAGR of..%. In terms of average resort size, the U.S. vacation ownership industry is expected to reach..units in 2022, increasing from..units in In year 2022, the U.S. hotel industry value is expected to reach US$.. billion, increasing from US$.. billion in 2018, at a CAGR of..%. The U.S. Vacation Ownership Average Resort Size Forecast ( ) The U.S. Hotel Industry Forecast by Value ( ) Vacation Ownership (Timeshare) Market: Industry Analysis & Outlook ( ) 4

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