Growing Popularity of Timeshare Ownership

How popular are timeshares today? Have they really brought about a paradigm shift in the concept of leisure travel?

Answering these questions is no mean task and would require considerable insight before drawing any conclusions. "No need to rent the room, buy the hotel it's cheaper!" - The 18th century catchy slogan by Paul Doumier has caught on the imagination of travelers looking for a quick leisure trip. As a result, there are millions of timeshare owners worldwide today.

This very thought has fuelled the current trend in popularity in timeshares in today's times. Current trend in popularity of timeshares can be attested by the fact that there are nearly 5,400 resorts across more than 100 countries, from Spain to China to Mexico to South Africa, attracting leisure travelers, who want to escape the mad rush of everyday life, and also enjoy that at-home feeling while away from home. Timeshare owners come from over 270 countries, though a major chunk of them are from the US.

The available numbers denote that the US commands the lion's share of timeshare resorts at over 1,590, thus accounting for more than 29% of resorts worldwide. In the West, the timeshare industry has become regulated. Trade bodies, such as the American Resort Development Association (ARDA) and the Organisation for Timeshare in Europe (OTE) ensure that expansion is based on sound commercial practices and ethical standards. All these should have given you an answer to the very common question - are timeshares popular still?

With rising disposable income, people across the globe are becoming more amenable to the idea of leisure travel. Consequently, the concept of timeshare ownership is gaining popularity, with more and more people willing to invest into this hassle-free method of vacationing. With the advent of the points-based system, the original "real estate" concept has been transformed into "a flexible, pre-paid vacation membership" concept, bringing timeshare business to the forefront of the tourism industry. So, if you haven't already thought of the timeshare option, rush to grab your share and become a timeshare ownership.

Introduction To Timeshares

What's the difference between timeshare and vacation ownership?

Can I sell my timeshare if I don't want it anymore?