Rising International Tourism Boosts Growth In The Vacation Ownership Market: Transformative Forces Shaping the Vacation Ownership Market Landscape in 2025

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What Will the Vacation Ownership Industry Market Size Be by 2025?
In the last few years, the size of the vacation ownership market has seen robust expansion. The market is predicted to increase from $19.03 billion in 2024 to $20.66 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. The historical growth of this sector is due to factors such as an amplified understanding of the advantages of vacation ownership, the rise in millennial travelers, the expansion of vacation ownership resorts, the growing trend of fractional ownership, and the increase in leisure time.

What's the Long-Term Growth Forecast for the Vacation Ownership Market Size Through 2029?
In the coming years, significant expansion is anticipated in the vacation ownership market. The market size will elevate to $28.74 billion in 2029, growing at an 8.6% compound annual growth rate (CAGR). This projected growth can be traced back to various factors such as an increase in disposable income, the expansion of the middle-class demographic, a booming travel and tourism sector, the rise in the demand for luxury and comfortable vacation getaways, and sprawling urbanization. The forecasted period also presents key trends such as technological advancements, a consumer swing towards experiential travel, the availability of various financing alternatives, partnerships between the hospitality and real estate sectors, and the creation of innovative business models.

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What Are the Key Growth Drivers Fueling the Vacation Ownership Market Expansion?
The spike in international tourism is anticipated to boost the expansion of the vacation ownership market. International tourism encompasses trips made by individuals to countries outside their own, whether for leisure, business, or other reasons, encapsulating everything from travel planning to the enjoyment of services and activities abroad. The surge in international tourism can be attributed to the increased global connectiveness, rising disposable income, and a growing appeal towards unique cultural and travel experiences. Vacation ownership is essential for international tourism as it provides a cost-effective and flexible solution for travelers, ensuring top-tier accommodations in prime locations, thus offering a consistent and pleasant experience overseas. For example, a report published by the United Nations World Tourism Organization, a Spain-based specialized agency, revealed in May 2023 that in the first quarter of the same year, international tourist arrivals rebounded to 80% of pre-pandemic levels, amounting to approximately 235 million travelers. This was a drastic increase compared to the same period in 2022. The tourism sector displayed noteworthy fortitude as revisions in the 2022 estimates demonstrated that more than 960 million international tourists had traveled overseas, a recovery of 66% of pre-pandemic levels. As a result, the burgeoning international tourism is fueling the growth of the vacation ownership market.

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Which Fast-Growing Trends Are Poised to Disrupt the Vacation Ownership Market?
Leading corporations in the vacation ownership market have started creating innovative technology platforms, including owner recognition platforms, to improve client experiences and simplify management operations. Essentially, an owner recognition platform is a system created to validate and acknowledge an individual's ownership rights and status, commonly applied in sectors like vacation ownership, real estate, and loyalty schemes, with a goal to offer personalized services and advantages. For example, in July 2024, Marriott International Inc., a hospitality firm based in the USA, introduced ONVIA, a platform for recognizing residence owners. ONVIA is a fully developed and all-encompassing system for recognizing Residence Owners, crafted to enrich experiences in various situations, from stays at Marriott Bonvoy hotels and The Ritz-Carlton Yacht Collection to the everyday life in their residences. It not only amplifies the existing advantages for residence owners, but also adds a selection of customized services, resulting in a unique and superior level of service.

How Is the 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

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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Which Companies Are Leading the Charge in Vacation Ownership Market Innovation?
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 infographiniums 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.

Which Regions Are Leading the Global Vacation Ownership Market in Revenue?
North America was the largest region in the vacation ownership market in 2024. 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.

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