Vacation Ownership Market Size Projected To Reach $28.97 Billion By 2034 With A Cagr Of 8.7%

The Vacation Ownership Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Vacation Ownership Market?
The vacation ownership market has experienced strong growth in recent years. It will grow from $19.03 billion in 2024 to $20.75 billion in 2025, reflecting a CAGR of 9.1%. The growth in the historic period is attributed to greater awareness of the benefits of vacation ownership, the growth of millennial travelers, an increasing number of vacation ownership resorts, the rising popularity of fractional ownership, and more leisure time.

The vacation ownership market is expected to experience strong growth, reaching $28.97 billion by 2029 at a CAGR of 8.7%. This growth can be attributed to rising disposable income, a growing middle-class population, and the expanding travel and tourism industry. Key trends include technological advancements, a shift towards experiential travel, availability of financing options, and new business model development.

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What Are the Different Vacation Ownership Market Segments?
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

Subsegments:
1) By Fixed Week: Single Fixed Week, Multiple Fixed Weeks
2) By Floating Week: Single Floating Week, Multiple Floating Weeks
3) By Points-Based System: Vacation Points, Travel Club Points

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What Are the Primary Drivers Shaping the Vacation Ownership Market?
The growing international tourism is predicted to accelerate the growth of the vacation ownership market. International tourism, which involves traveling abroad for leisure or business, has been growing due to better connectivity, increased disposable incomes, and a stronger interest in diverse travel experiences. Vacation ownership plays a crucial role by providing affordable, high-quality accommodations in attractive locations. According to the United Nations World Tourism Organization, international tourist arrivals in the first quarter of 2023 surged to 80% of pre-pandemic levels, reflecting strong recovery trends. Thus, the rising international tourism is expected to boost the vacation ownership market.

Which Companies Are Leading in the 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.

What Are the Latest Developing Trends in the Vacation Ownership Market?
Companies in the vacation ownership market are enhancing customer experience through advanced platforms like owner recognition systems. In July 2024, Marriott International introduced the ONVIA platform, designed to personalize services for residence owners, improving experiences across various hotel and residence contexts.

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What Are the Top Revenue-Generating Geographies in the Vacation Ownership Market?
North America was the largest region in the vacation ownership market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vacation ownership 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 Market?
2. What is the CAGR expected in the Vacation Ownership Market?
3. What Are the Key Innovations Transforming the Vacation Ownership Industry?
4. Which Region Is Leading the Vacation Ownership Market?

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