Vacation Ownership Market Grow at a CAGR of 6.80% between 2023 and 2030 | Credence Research

NEW YORK - Jan. 10, 2024 - PRLog -- The latest market report published by Credence Research, Inc. The global demand for vacation ownership was valued at USD 19158.5 million in 2022 and is expected to reach USD 32428.84 million in 2030, growing at a CAGR of 6.80% between 2023 and 2030.

Vacation ownership, also known as timeshare, has been revolutionizing the way people enjoy their vacations for decades. This unique concept allows individuals to own a piece of a vacation property, typically a resort, for a specific period each year. Over the years, the vacation ownership market has experienced substantial growth and evolution, offering a variety of options to suit different preferences and lifestyles. In this article, we will explore the thriving vacation ownership market and the factors contributing to its success.

The vacation ownership market has grown significantly in recent years, with global sales topping $21 billion in 2019. This growth can be attributed to several factors, including an increasing desire for travel and vacation experiences, rising disposable incomes, and changing consumer preferences. As more people seek unique and immersive vacation experiences, vacation ownership has become an appealing option.

One of the key drivers behind the success of vacation ownership is the diversity of offerings available to consumers. Traditional timeshares are still prevalent, offering fixed or floating weeks at a specific resort. However, the market has evolved to include points-based systems, fractional ownership, and vacation clubs, providing flexibility and customization to meet individual needs.

Browse the Full Report: https://www.credenceresearch.com/report/vacation-ownership-market

Modern vacation ownership programs allow owners to choose from a range of destinations and accommodation options. This flexibility ensures that owners can tailor their vacations to their preferences, making it easier to plan trips around work and family schedules.

Environmental Sustainability

List of Companies Covered:

• Diamond Resorts
• Hyatt
• Wyndham
• Marriott Vacations Worldwide
• Disney Vacation Club
• Hilton Grand Vacations
• Interval International
• Accor Vacation Club
• Four Seasons Residence Clubs
• Bluegreen Vacations
• Others

By Segmentation

By Ownership Type

• Fixed Week Ownership
• Floating Week Ownership
• Points-Based Ownership

By Resort Type

• Beach Resorts
• Mountain Resorts
• Urban Resorts
• Golf Resorts
• Rural and Countryside Resorts
• Theme Park Resorts

By Ownership Duration

• Traditional Timeshare
• Fractional Ownership
• Right-to-Use (RTU)

By Location and Geography

• Domestic
• International

By Developer and Brand

• Branded Resorts
• Independent Resorts

By Exchange Programs

• Internal Exchange
• External Exchange

By Price Tier

• Luxury Vacation Ownership
• Mid-Range Vacation Ownership
• Budget Vacation Ownership

By Ownership Use

• Primary Residence
• Secondary Residence

By Ownership Resale Market

• New Developments
• Resale Market

By Region

• North America
• Europe
• Asia Pacific
• Rest of World