Timeshares Resales Booming - Timeshare Sales Up Despite Economy
The following is from a recent article published by Timeshares Daily, which reports on timeshare industry insights, news and statistics.
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While many areas of the economy are taking a beating, timeshare sales and timeshare resales are strong. In a study released last week by the American Resort Development Association (ARDA), research prepared by Ernst & Young, LLP, shows that sales of new timeshares increased by 6 percent in 2007 over the previous year, totaling $10.6 billion in the US alone. Although gains were less than in previous years, the sale of new timeshare from 2003 to 2007 has increased by an amazing 66 percent.
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And...
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Information on the numbers of people buying resale timeshare is limited because the secondary market includes individual timeshare owner transactions as well as sales consummated by traditional industry specialists. In 2005, 7.2 percent of buyers bought timeshare from an existing owner, according to an ARDA profile of vacation owners. While this indicates a resale industry in the hundreds of millions of dollars, these figures are very conservative, as the survey did not include alternative sales methods such as the Internet.
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This year alone
Timeshare Adventures, which provides advertising, marketing, and closing services for timeshare owners who wish to sell or rent their timeshares or vacation club memberships, has generated over $
33 Million in offers to rent and buy as of August 2008.