Thursday, November 21, 2024
Hawai'i Free Press

Current Articles | Archives

Wednesday, July 6, 2016
Hawaii Timeshares: Highest fees in USA
By News Release @ 10:19 PM :: 4311 Views :: Tourism

U.S. Vacation Timeshare Industry Shows Increased Growth in 2015: Another Year of Substantial Growth

The U.S. timeshare industry enjoyed steady growth in 2015, according to the State of the Vacation Timeshare Industry: United States Study 2016 Edition, conducted by Ernst & Young for the ARDA International Foundation.

News Release from ARDA, July 6, 2016

The U.S. timeshare industry enjoyed steady growth in 2015, according to the State of the Vacation Timeshare Industry: United States Study 2016 Edition, conducted by Ernst & Young for the ARDA International Foundation. Compared to 2014, sales volume increased by more than nine percent and occupancy is up by over two percent.

“We are thrilled with our industry's performance in 2015 - six straight years of growth with sales up nine percent this year to $8.6 billion,” said Howard Nusbaum, President and CEO of the American Resort Development Association (ARDA). “Timeshare offers a flexible vacation experience anywhere in the world. And with over 70% of the properties being two or more bedrooms, families are enjoying the space for everyone to actually relax and the privacy for individual or group time while on vacation.”

There were 1,547 timeshare resorts in the United States in 2015, representing about 200,720 units for an average resort size of 130 units. The sales volume rose from $7.9 billion in 2014 to $8.6 billion in 2014, a nine-percent increase, the second largest increase percentage-wise since the recession. Occupancy increased two percent, up to almost 80 percent, compared to just a 66* percent hotel occupancy rate.

Other interesting findings from the study include: beach resorts are the most common type of resort, with theme park resorts claiming the highest occupancy. Florida has the most resorts, while Hawaii has the highest average occupancy and maintenance fees. Nevada has the largest resorts (230 units on average) while The Northeast has the lowest average maintenance fees ($690 per interval).

The report was conducted by Ernst & Young and commissioned by the American Resort Development Association (ARDA) International Foundation (AIF). For more details, see ARDA’s State of the Industry infographic and for a copy of the full State of the Industry Study, visit http://www.arda.org/foundation.

*STR Monthly Hotel Review: December 2014, Smith Travel Research.

________________________________________

The American Resort Development Association (ARDA) is the Washington D.C.-based professional association representing the vacation ownership and resort development industries. Established in 1969, ARDA today has over 800 members, ranging from privately held firms to publicly traded companies and international corporations with expertise in shared ownership interests in leisure real estate. The membership also includes timeshare owner associations (HOAs), resort management companies, and owners through the ARDA Resort Owners Coalition (ARDA-ROC). For more information, visit http://www.arda.org or ARDA’s consumer website at http://www.VacationBetter.org .

The ARDA International Foundation (AIF) is the timeshare industry's leading source for market intelligence and career advancement resources. AIF, a 501(c) (3) organization, serves to enhance knowledge for the public and industry through its comprehensive timeshare research studies, and aims to enrich careers through ongoing training, learning and development. For more information, visit http://www.arda.org/foundation .

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii