The latest verdict against a timeshare exit team arrived last week. Arkansas Attorney General Leslie Rutledge ruled that Real Travel, Inc. and its owners were committing fraudulent acts against the timeshare owners they promised to help. The consent judgment found the defendant with charges amounting to $500,000.
The long-awaited AIF State of the Vacation Timeshare Industry report is here, and it reveals some big news. Timeshare industry research is showing nine consecutive years of growth, breaking $10 billion in sales revenue. This is more than a 26% increase since 2014.
Timeshare Industry Research Shows Nine Consecutive Years of Growth
The most exciting news that we’re seeing in the AIF State of the Vacation Timeshare Industry report is the continuing growth of timeshare. For nine consecutive years now, timeshare industry research has continued to see increasing sales revenue.
This news directly refutes big exit company schemes that make claims against timeshare. With the number of satisfied owners as well as new buyers every year, there is a clear positive trend.
Sales volume has broken $10.2 billion, making the market even larger than the music industry. This is a seven percent increase from 2017 sales volume, which was $9.6 billion. Another supporting statistic from AIF’s timeshare industry research that shows the satisfaction of timeshare owners is the comparable occupancy rate to hotels.
According to AIF’s State of the Vacation Timeshare Industry report, there was a consistent average occupancy at 80.8 percent for 2018. In comparison to the hotel industry’s average occupancy rate at 66.2 percent, this is a considerable difference. Rental revenue is also at an all-time high, with $2.4 billion brought in for the year.
Timeshare Rentals Increase to $2.4 Billion in Revenue
While most owners are using their vacation ownership year after year, some developers and owners will offer timeshare units for rent. Even non-timeshare owners love the luxurious amenities and spacious accommodations that timeshare resorts provide. In just one year, timeshare industry research shows that timeshare rentals witnessed a 4% increase.
The average timeshare occupancy rate was nearly 81 percent, while hotels saw an average of 66.2 percent average occupancy. This gap shows that people who own timeshare vacation more, and are more satisfied travelers! With more families turning their heads to timeshare over hotels, the vacation ownership industry is projected to see another fantastic year.
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