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Vacation Ownership (Timeshare) Market Trends

Report ID: GMI9562
Published Date: May 2024
Report Format: PDF

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Vacation Ownership Market Trends

The vacation ownership industry is witnessing growth as an increasing number of companies positively expand their portfolios. Aiming to gain market share and meet consumer aspirations, companies are actively acquiring or developing new properties in sought-after holiday destinations. By diversifying their portfolios, companies can provide potential customers with a wide range of holiday experiences, from beach resorts to alpine retreats and urban escapes. Expanding through infrastructure enables companies to enter new markets and attract customers. These trends reflect the evolution of the industry and ongoing efforts by companies to innovate and compete in the ever-changing landscape of space ownership.

Citing an instance, in March 2024, Marriott Vacation Clubs, the vacation ownership brands managed by Marriott Vacations Worldwide, unveiled The Marriott Vacation Clubs City Collection. The collection included properties formerly known as Marriott Vacation Club Pulse in seven active cities.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of vacation ownership (timeshare) reached USD 11.9 billion in 2023 and is set to witness 8% CAGR between 2024 and 2032, led by increased acquisitions and mergers among key operating companies.

The deeded ownership segment held over 57% of the market share in 2023, as it gives buyers a sense of relaxation.

North America market accounted for 33% revenue share in 2023, driven by the demand for affordable and accessible vacation solutions.

Bluegreen Vacations, Disney Vacation Club, Hilton Grand Vacations, Holiday Inn Club Vacations (IHG), Hyatt Residence Club, Marriott Vacations Worldwide, Vidanta Resorts, Welk Resorts, and Westgate Resorts among others.