The Timeshare industry holds a strong market potential worldwide. This obvious manifestation supports the fact that the US Timeshare industry is still on a growth curve in spite of the fact that the US economy is experiencing a decline in the housing market or real estate and fuel prices increase. This served as an indication that the timeshare industry did not fall to the economic woes and is still doing well amidst the economic downfalls nowadays. Since change is inevitable, the trend for vacation do vary from time to time especially today that possible consumers are opting for alternative vacations that would only demand them less spending for travelling. This just means that they aim and would want to pursue vacations that would only require lesser or shorter time and expenses to travel and closer-to-home stays.
The effect of the financial crisis to the vacation ownership industry varies among the different continents around the globe. Europe is still facing a downside in their timeshare industry but they do desperately try amending some rules and regulations to intensify and help increase this industry in their area. It is therefore assumed by them that the resume of the growth of this industry would be the same as to what happened in the 1970s and 1980s.
There’s also a great potential that might emerge today on the vacation ownership markets in Asian countries. Examples of these countries would be India, Singapore, China, Malaysia and Indonesia. This has been said so because holiday destinations there are of higher demand due to the growing affluence of Asians and because of their region’s established low-cost airlines.
This is a report that shows the study on the dynamics of the timeshare industry internationally. It further reveals their analyzation on the expected regions that would experience a higher growth in the industry and the European region also that is struggling with some regulations that they need to establish and the likes to help further the vacation ownership there. It also gave a brief knowledge about the US timeshare industry’s high growth amidst an economic slowdown.
There are four major vacation ownership industries that are of competitive intensity- Wyndham Vacation Ownership (Wyndham Worldwide), Marriott Vacation Club Ownership (Marriott International), Hilton Grand Vacations Company (Hilton Hotels) and Starwood Vacation Ownership (Starwood Hotels & Resorts). Also a good add in this article would be those timeshare transfer companies that would help timeshare owners be freed if in case they want to get rid of their properties, Timeshare Relief, Inc. is one of the leading ones in these kinds of companies.
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