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The American Resort Development Association (ARDA), the national timeshare industry trade association, produces reports through its research arm, the ARDA International Foundation (AIF), delving into the various facets of the timeshare and vacation ownership industry. Whether it is direct economic impact, sales and marketing figures and trends or consumer research, ARDA publishes the information that gives the public insight into this sector of the tourism industry. Below you will find links to several Fact Sheets that summarize the output of the industry and measure its impact on the economy.
Worldwide, the shared vacation ownership industry supported nearly 1.1 million jobs in 2010. Of this sum, industry operations, off resort vacation expenditures, and capital expenditures generated over 498,000 direct jobs. The global shared vacation ownership industry directly generated over $45 billion in direct economic output in 2010. The total impact of the shared vacation ownership industry reached nearly $114 billion when including indirect and induced impacts.
There were 1,548 timeshare resorts in the United States in 2011, representing approximately 194,200 units for an average resort size of 125 units. As of December 31, 2011, the total number of intervals and weekly equivalent intervals owned was approximately 8.4 million. Florida, California and South Carolina remain as the three states that have the most resorts, representing 38% of all U.S. timeshare resorts. Sales volume in 2011 totaled $6.5 billion, increasing by 2.4% from 2010. There were about 353,800 timeshare intervals sold at an average price of $18,400.
In total, the U.S. timeshare industry generated $70 billion of economic output; 493,000 full-and part-time jobs; $23 billion in income; and over $7.7 billion in total taxes in 2011. Spending by timeshare owners and guests during timeshare stays was estimated at $9.3 billion in 2011. About $1.5 billion was spent on-site at resorts, while $7.8 billion was spent off-site in the communities where the timeshare resorts are located. On average, each traveling party spent $1,509 per vacation. Based on an average travel party size of 3.45 people, the average total spending per person is $437.
The Deloitte benchmark study of the financial performance of the timeshare industry, which focused on an industry subset of 24 companies, showed $4.63 billion in U.S. net originated sales in 2010. For the core company set, net originated sales were marginally higher in 2010 (1.1 percent) than in 2009. Of the $4.63 billion in net U.S. originated timeshare sales in 2010, 46 percent was classified as point sales, while 54 percent was classified as interval sales.
For more information about the timeshare industry, you can contact ARDA directly by visiting their website www.arda.org.