Press release
Vacation Ownership (Timeshare) Market Anticipated To Witness Robust Growth, Surpassing $26.14 Billion By 2029
Vacation Ownership (Timeshare)
What Is the Current Vacation Ownership (Timeshare) Market Size and Its Estimated Growth Rate?
The vacation ownership (timeshare) market has seen significant growth in recent years. It will rise from $17.9 billion in 2024 to $19.35 billion in 2025, at a CAGR of 8.1%. This growth is driven by higher travel demand, increased disposable income, improved flexibility in timeshare options, better marketing strategies, and growing consumer trust in well-known timeshare brands.
The vacation ownership (timeshare) market will grow to $26.14 billion by 2029 at a CAGR of 7.8%, driven by demand for eco-friendly vacation options, appeal to younger generations, and personalized vacation experiences. Trends include better technology for booking and management, integration of health and wellness features, improved customer support, and use of virtual reality and digital tours for property marketing.
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How Are Emerging Segments Shaping the Vacation Ownership (Timeshare) Market Landscape?
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
Subsegments:
1) By Fixed-Week Ownership: Single Fixed Week, Multiple Fixed Weeks
2) By Floating-Week Ownership: Single Floating Week, Multiple Floating Weeks
3) By Points-Based Ownership: Vacation Points, Travel Club Points
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Which Growth Factors Are Influencing Vacation Ownership (Timeshare) Market Expansion?
The vacation ownership (timeshare) market is likely to grow due to increasing international tourism. Factors such as higher disposable incomes, affordable travel options, and growing health and wellness trends contribute to the rise in international tourism. Vacation ownership provides cost-effective, pre-paid vacation options that foster repeat visits to various destinations. The United Nations Tourism report showed that international tourism receipts reached USD 1 trillion in 2022, and 235 million people traveled during the first quarter of 2023, more than doubling the same period in 2022. Thus, the growth of international tourism is driving the vacation ownership market.
Who Are the Dominant Players Across Different Vacation Ownership (Timeshare) Market Segments?
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
What Trends Are Expected to Dominate the Vacation Ownership (Timeshare) Market in the Next 5 Years?
In the vacation ownership (timeshare) market, companies are forming strategic partnerships to develop software that simplifies the distribution of timeshare properties. KOALA partnered with Expedia Group in May 2024 to enhance timeshare rental distribution, offering features like Vrbo connectivity and advanced management tools.
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Which Geographic Regions Are Expected to Dominate the Vacation Ownership (Timeshare) Market in the Coming Years?
North America was the largest region in the vacation ownership (timeshare) market in 2023. The regions covered in the vacation ownership (timeshare) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vacation Ownership (Timeshare) Market?
2. What is the CAGR expected in the Vacation Ownership (Timeshare) Market?
3. What Are the Key Innovations Transforming the Vacation Ownership (Timeshare) Industry?
4. Which Region Is Leading the Vacation Ownership (Timeshare) Market?
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