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Studies Show 4.4 Million Households Now Own Timeshares |
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Written by OJ Fagbire
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The sale of timeshares has grown 81% in the past five years and 16% since 2006 alone. A study conducted by Ernst & Young, LLP involving 625 timeshare resorts show amazing growth in sales and average size of the resorts, which is up 32 percent since 2002.
The total of U.S. timeshare owners, as of the first of this year, is 4.4 million, up from 3 million just five years ago.
"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 pereferred travel choice of today and in the future," stated Howard Nusbaum, President and CEO of ARDA
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