Study: New U.S. Timeshare Sales Top $10 Billion in 2006

Sales climb 81% over five years; 4.4 million households own timeshare.
(Washington) Timeshare sales climbed 16 percent during 2006 to $10 billion over 2005 sales of $8.6 billion, according to a study of the U.S. vacation ownership industry conducted by Ernst & Young, LLP and released today by the ARDA International Foundation (AIF). The survey of 625 timeshare resorts throughout the country shows robust growth over a five-year period, with sales up 81 percent and average resort size growth of 32 percent.
As of January 1, 2007, there were 1,615 vacation ownership resorts operating in the U.S. There are a total of 4.4 million U.S. timeshare owners, up from 4.1 million in 2005, 3.87 million in 2005, 3.4 million in 2003, and three million in 2002.

“The steady, impressive growth in the timeshare sector is a direct indication of strong consumer satisfaction and demand, underscoring that vacation ownership is fast becoming the preferred travel choice of today and in the future,” said Howard Nusbaum, president and chief executive officer of ARDA. [more]

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