MarketReportsOnline.com the exclusive leading provider of market research reports published research report on “The US Vacation Ownership (Timeshare) Market Size, Trends and Opportunities (2021-2025 Edition)”.
The report titled “The US Vacation Ownership (Timeshare) Market Size, Trends and Opportunities (2021-2025 Edition)” provides an in-depth analysis of the US vacation Ownership market with detailed analysis of market size on the basis of value and volume along with the comprehensive examination of each of the major segments of the market, namely, timeshare resorts and other timeshare units.
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The report provides detailed competitive landscape for the market on the basis of the number of resorts, contract sales and tour flow along with the major transactions during 2015-2019.
Growth of the overall the US vacation ownership market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. The competition in the US vacation ownership market is stiff and dominated by the big players like Wyndham Worldwide Corporation. Further, key players of the market Marriott International, Apollo Global Management (Diamond Resorts International) and Hilton Grand Vacation Company are also profiled with their financial information and respective business strategies.
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The US vacation Ownership (timeshare) market witnessed an upsurge at a significant CAGR during the years spanning 2016-2020 and estimations are made that the market would rise through the forecast period 2021-2025.
The vacation ownership market is the major segment of the travel and tourism market, which can be segmented on the basis of the type of the timeshare properties into timeshare resorts and other timeshare units, which includes, privately-owned vacation homes, villas, cottages, apartments, condominiums and etc. Although, other timeshare units account the largest market share, timeshare resorts are gaining the momentum.
The major growth drivers for the US vacation ownership market are, increasing prominence of point based vacation ownerships, timeshare sales metrics, property purchasing preferences, perception, travel and tourism industry and high net worth individual population and wealth. Despite the market is governed by various growth drivers, there are certain challenges faced by the market such as, threat from third party internet travel intermediaries, seasonality, dream vacation barriers, highly competitive environment and technical issues.
- Wyndham Worldwide Corporation
- Marriott International
- Apollo Global Management (Diamond Resorts International)
- Hilton Grand Vacation Company
Some of the recent trends in the market include the scope of virtual and augmented reality in the timeshare industry, the rise in the vacation ownership households, inventory levels and next generation of timeshare prospects.
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