Vacation Ownership Market Report, Size, Share, Growth, Trends, Competitive Landscape, Forecast to 2033

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The new report published by The Business Research Company, titled Vacation Ownership Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the vacation ownership market size has grown strongly in recent years. It will grow from $17.51 billion in 2023 to $19.03 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The vacation ownership market size is expected to see strong growth in the next few years. It will grow to $26.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.

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What Is Driving The Growth Of The Global Vacation Ownership Market?

Rising International Tourism Boosts Growth In The Vacation Ownership Market
The increasing international tourism is expected to propel the growth of the vacation ownership market going forward. International tourism refers to travel undertaken by individuals to countries other than their own for leisure, business, or other purposes, and encompasses the entire experience from the planning and journey to the activities and services enjoyed while abroad. International tourism is rising due to increased global connectivity, higher disposable incomes, and growing interest in diverse cultural and travel experiences. Vacation ownership is required for international tourism as it offers travelers a cost-effective and flexible way to secure high-quality accommodations in desirable destinations, ensuring a consistent and enjoyable experience abroad. For instance, in May 2023, according to a report published by the United Nations World Tourism Organization, a Spain-based specialized agency, In the first quarter of 2023, international tourist arrivals surged to 80% of pre-pandemic levels, totaling around 235 million travelers. This marked a more than twofold increase compared to the same period in 2022. The tourism sector showed impressive resilience, with revised figures for 2022 indicating that over 960 million international tourists traveled abroad, representing a recovery of 66% of pre-pandemic levels. Therefore, the increasing international tourism is driving the growth of the vacation ownership market.

What Is The Key Trend In The Global Vacation Ownership Market?

Owner Recognition Platforms Revolutionize Vacation Ownership With Personalized Services
Major companies operating in the vacation ownership market are developing technologically advanced platforms, such as owner recognition platforms, to enhance customer experience and streamline management processes. An owner recognition platform is a system designed to identify and acknowledge individuals' ownership rights and status, often within contexts such as vacation ownership, real estate, or loyalty programs, to facilitate personalized services and benefits. For instance, in July 2024, Marriott International Inc., a US-based hospitality company, launched the ONVIA, residence owner recognition platform. The ONVIA platform is a fully integrated and comprehensive Residence Owner recognition system, designed to enhance experiences across various contexts, from stays at Marriott Bonvoy hotels and The Ritz-Carlton Yacht Collection to daily life within their residence. It not only builds on existing benefits for residence owners but also introduces a range of tailored offerings, providing a unique and elevated level of service.

How Is The Global Vacation Ownership Market Segmented?
The vacation ownership market covered in this report is segmented -

1) By Type: Fixed Week, Floating Week, Points-Based System
2) By Tour Type: Domestic, International
3) By Booking Channel: Phone Booking, Online Booking, In-Person Booking
4) By Application: Private, Group

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How Is The Competitive Landscape Of The Global Vacation Ownership Market?
Major companies operating in the vacation ownership market are Marriott International Inc. , Accor Vacation Club, Hilton Grand Vacations Inc. , InterContinental Hotels Group (IHG), Travel + Leisure Co., Wyndham Hotels & Resorts Inc., Grupo Vidanta, Westgate Resorts, Bluegreen Vacations LLC, The Ritz-Carlton, RCI (Resort Condominiums International), Vistana Signature Experiences Inc., Diamond Resorts International Inc., Holiday Inn Club Vacations Inc., Interval International, Inc., Central Florida Investments Inc., Grand Pacific Resorts Inc., Welk Resort Group, Shell Vacations LLC, HV Global Management Corp., Silverleaf Resorts Inc., Disney Vacation Club, Karma Resorts Pte Ltd., Four Seasons Residence Club, Sierra Corp.

Contents Of The Global Vacation Ownership Market
1. Executive Summary
2. Vacation Ownership Market Report Structure
3. Vacation Ownership Market Trends And Strategies
4. Vacation Ownership Market - Macro Economic Scenario
5. Vacation Ownership Market Size And Growth
…..
27. Vacation Ownership Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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