Press release
Vacation Ownership (Timeshare) Market Report, Size, Share, Growth, Trends, Industry Analysis to 2033
Vacation Ownership (Timeshare) Market
The new report published by The Business Research Company, titled Vacation Ownership (Timeshare) 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 (timeshare) market size has grown strongly in recent years. It will grow from $16.60 billion in 2023 to $17.90 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The vacation ownership (timeshare) market size is expected to see strong growth in the next few years. It will grow to $24.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
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What Is Driving The Growth Of The Global Vacation Ownership (Timeshare) Market?
Growth In International Tourism Driving Vacation Ownership Market Expansion
The increasing international tourism is expected to propel the growth of the vacation ownership (timeshare) market going forward. International tourism refers to individuals traveling to destinations outside their home country for leisure, business, or other purposes. International tourism is increasing due to factors such as growing disposable incomes, greater access to travel through affordable transportation, advancements in technology facilitating easier bookings, and a heightened focus on health and wellness. Vacation ownership (timeshare) boosts international tourism by providing affordable, pre-paid vacation options that encourage repeat travel to various destinations. For instance, in May 2023, according to the United Nations Tourism, a Spain-based United Nations agency, international tourism receipts surged to USD 1 trillion in 2022, with over 960 million tourists traveling that year and 235 million visiting in the first three months of 2023, more than double the same period in 2022. Therefore, increasing international tourism is driving the growth of the vacation ownership (timeshare) market.
What Is The Key Trend In The Global Vacation Ownership (Timeshare) Market?
Strategic Partnership Modernizes Distribution And Growth Driving Vacation Ownership (Timeshare) Market
Major companies operating in the vacation ownership (timeshare) market are adopting a strategic partnership approach to develop advanced software for easy distribution of timeshare-by-owner supplies for the first time. Strategic partnerships involve companies combining their strengths and resources to mutually benefit from shared goals and enhanced success, often leading to innovative solutions and market growth. For instance, in May 2024, KOALA, a US-based timeshare rental marketplace, partnered with Expedia Group Inc., a US-based travel technology company. This partnership introduces features such as Vrbo connectivity for instant distribution, KOALA PRO for advanced management tools, and a proprietary transformation engine for data integration. This collaboration modernizes the timeshare rental process, enhances accessibility and visibility, and aligns with current travel trends, driving growth in the vacation ownership (timeshare) market by attracting more users.
How Is The Global Vacation Ownership (Timeshare) Market Segmented?
The vacation ownership (Timeshare) market covered in this report is segmented -
1) By Type: Fixed-Week Ownership, Floating-Week Ownership, Points-Based Ownership
2) By Location: Beach Resorts, Mountain Resorts, Urban Areas, Theme Park Resorts
3) By Ownership Model: Deeded Ownership, Right-To-Use Contract
4) By Application: Private, Group
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How Is The Competitive Landscape Of The Global Vacation Ownership (Timeshare) Market?
Major companies operating in the vacation ownership (Timeshare) market are Marriott Ownership Resorts Inc., Grupo Vidanta, InterContinental Hotels Group (IHG), Hilton Grand Vacations Inc., Travel + Leisure Co., Wyndham Hotels & Resorts Inc., Westgate Resorts, Intrawest Resort Club Group, Bluegreen/Big Cedar Vacations LLC, RCI (Resort Condominiums International), Diamond Resorts International Inc, Interval International Inc., Grand Pacific Resorts, Welk Resort Group, Silverleaf Resorts Inc., Shell Vacations Club, Disney Vacation Development LLC, Anantara Vacation Club, Karma Resorts Pte Ltd, Raintree Vacation Club
Contents Of The Global Vacation Ownership (Timeshare) Market
1. Executive Summary
2. Vacation Ownership (Timeshare) Market Report Structure
3. Vacation Ownership (Timeshare) Market Trends And Strategies
4. Vacation Ownership (Timeshare) Market - Macro Economic Scenario
5. Vacation Ownership (Timeshare) Market Size And Growth
…..
27. Vacation Ownership (Timeshare) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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