The global vacation ownership market is primarily driven by factors such as population growth, increased international travel, increased internet penetration, and fast urbanization, and it is expected to rise at a high rate throughout the forecast period.
Covid-19 Impact & Market Status
Since the COVID-19 viral outbreak in December 2019, the epidemic has spread to practically every country on the earth, causing the WHO (World Health Organization) to proclaim coronavirus illness 2019 (COVID-19) a pandemic.
Vacation Ownership (Timeshare) Market size was valued at USD 17.8 billion in 2022 and is projected to reach USD 31.08 billion by 2030, growing at a CAGR of 7.59% from 2023 to 2030.
Outperformers, according to our study, pursue growth in all dimensions, including core expansion, global expansion, value chain expansion, and neighbouring spaces. The global population has banned or is about to restrict themselves from leaving their homes, which has a detrimental or positive influence on all markets. The article examines the present and prospective consequences of the COVID-19 pandemic on the larger market, allowing for more precise and reliable forecasts based on current market circumstances.
Coronavirus has struck devastation around the globe. Almost every government has employed lockdowns and extensive social isolation measures. Supply chains have been disrupted as a result. The outbreak has caused havoc on the world's systems.
COVID-19 has had an impact on the total market and growth rate in 2019-2020 as a result of the influence of COVID-19 spreads. Our most recent research, comments, and insights on the management issues that matter most to firms and organisations in the industry, from the COVID-19 crisis to risk management and digitising operations, are designed to equip decision-makers with reliable knowledge and experiences.
The timeshares segment is likely to grow significantly
Timeshares, Vacation/Travel Clubs, Fractionals, and Others make up the market. Over the projected period, the Timeshares sector, which currently holds the largest market share, is predicted to develop fast and continue to dominate the global market.
The Private segment is likely to grow significantly
The market is divided into two categories: private and group. In the global market, the Private segment has the biggest market share and is expected to increase rapidly throughout the projection period. The Segment examines each application's current position as well as its potential for substantial market share, application value, and growth valuation.
The North America segment is likely to grow significantly
North America, Europe, Asia Pacific, and the Rest of the World make up the global vacation ownership (timeshare) market. North America and Europe now have the largest share of the global market and are expected to continue to expand and dominate the global vacation ownership (timeshare) market over the projected period.
Severe government controls, cyclicality and seasonality hazards, and other risks associated with the global vacation ownership industry, on the other hand, would pose a threat to the market's growth.
Furthermore, technology advancements, favorable demographics, a growing focus on health and wellness, and increased business travel tendencies are all expected to grow.
Furthermore, the vacation ownership market allows customers to share ownership while also taking advantage of fully furnished lodgings. The market's expansion can be attributable to the rising demand for Vacation Ownership (Timeshare) ownership in Private, Group Applications all over the world. The research examines the profit potential in the Vacation Ownership (Timeshare) Market on a country-by-country basis.
The market's expansion can be attributable to the rising demand for Vacation Ownership (Timeshare) ownership in Private, Group Applications all over the world. The study discusses the profit potential in the Vacation Ownership (Timeshare) Market at a high level. Timeshare software simplifies payroll administration and improves employer-employee collaboration. It also automates and streamlines management tasks such as inquiry management, membership management, reservations & payments, email/SMS & push notification, and others. As a result, more firms are adopting such software, propelling the growth of the timeshare software market.
Furthermore, rising digitization, increased focus on automation, the need to improve corporate efficiency, and the cost-effective solution given by cloud-based deployment are likely to provide sufficient potential possibilities for timeshare software market players.
The "Global Vacation Ownership (Timeshare) Market" research report will shed light on the global market, with a focus on main players such as Marriott Vacations Global, Wyndham, Hilton Grand Vacations, Bluegreen Vacations, Hyatt, Diamond Resorts, and Disney Vacation Club.
Latest Innovations in the Global Vacation Ownership (Timeshare) Market: a Snapshot
- In Feb 2022, with a 68 percent growth in the purchase and rental offer prices year-over-year, SellMyTimeshareNow.com, the world's most active online marketplace for timeshares for sale and rent by owner, celebrates the sustained success of its timeshare resale and rental platform. In 2021, the Company received over 4.1 million visitors to its family of websites, resulting in over 48,000 bids to buy or rent timeshares on SellMyTimeshareNow.com, totaling more than $287 million, reaching pre-pandemic activity levels.
- In March 2022, the new villas at Disney's Grand Floridian Resort & Spa at Walt Disney World Resort will go on sale to Disney Vacation Club members on March 3 and to the general public on March 31. The Villas at Disney's Grand Floridian Resort & Spa will be expanded to accommodate 200 planned resort apartments, a Disney Vacation Club lodging type that is exclusive to this resort.
Vacation Ownership (Timeshare) Market Scope
|Revenue forecast in 2030
|US$ 31.08 Billion
|CAGR of 7.59 % during 2020-2030
|by Type, By Tour Type, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Wyndham, Marriott Vacations Worldwide, Hilton Grand Vacations, Hyatt, Diamond Resorts, Bluegreen Vacations, Disney Vacation Club
Key Segments of the Global Vacation Ownership (Timeshare) Market
Type Overview, (USD Billion)
- Vacation/Travel Clubs
Application Overview, (USD Billion)
Regional Overview,(USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa