Vacation Ownership (Timeshare) Market Size, Shares, Trends, Challenges Driven By Industry Analysis & Outlook (2016-2020)

The vacation ownership industry, also referred to as the timeshare industry, enables consumers to share ownership of a fully furnished vacation accommodation. Typically, the consumer purchases either a title to a fraction of a unit or a right to use a property for a specific period of time. This is referred to as a Vacation Ownership Interest or VOI. VOIs are generally sold through weekly intervals or points based systems. Under the weekly intervals system, owners can use a specific unit at a specific resort often during a specific week of the year. Under the points based system, owners often have advanced reservation rights for a particular destination, but are free to redeem their points for various unit types and/or locations.

This sector was once dominated by private developers selling one-week fee intervals, but now includes publicly-traded hospitality companies actively developing a full range of offerings at different price points in resort and urban destinations. An increase in the factors like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR) have made significant contribution to the growth of the industry.

Download Sample Copy Of this Report: http://www.marketresearchreports.biz/sample/sample/818846

The key factors driving the growth of vacation ownership market are accelerating economic growth, rising employed population in the US, growing urban population and rising high net worth individual & wealth. Some of the noteworthy trends and developments of this industry are rapid growth in vacation ownership, introduction of smartphone keys, introduction of new management services and increased emphasis on health and well-being. However, the expansion of vacation ownership market is hindered by increasing competition, technological issues and declining consumer confidence.

The report “Global Vacation Ownership Market” provides an in-depth analysis of the global market along with markets of the US. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as Marriott Vacation Worldwide, Wyndham Worldwide Corporation, Starwood Hotels & Resorts Worldwide Inc. and Diamond Resorts International. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.

About us

MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.

To View The Latest Industry Press Releases: http://www.marketresearchreports.biz/pressreleases

Contact
Tel: +1-518-621-2074
E-Mail: sales@marketresearchreports.biz
Website: http://www.marketresearchreports.biz/

MarketResearchReports.biz supports your business intelligence needs with over 100,000 market research reports, company profiles, data books, and regional market data sheets in its repository. Our document database is updated by the hour, which means that you always have access to fresh data spanning over 300 industries and their sub-segments.

State Tower
90 State Street, Suite 700
Albany, NY 12207
United States

Toll Free: 866-997-4948
(USA-CANADA)

Tel: +1-518-621-2074
E: sales@marketresearchreports.biz

This release was published on openPR.