Until the recently, the timeshare industry was growing at an unprecedented rate. While timeshares in the US are experiencing cutbacks, there are some locations where timeshares have continued to grow. Case and point: India timeshares. 

 “Transactions into India from our international members witnessed 39 per cent growth in November 2008 over the same month last year,” said Ms. Radhika Shastry—Managing Director of RCI (Resort Condominium International) India—in a recent interview with the Hindu Business Line. “For January, we are seeing 51 per cent growth over the same period last year. Timeshare is a family product, offers many holidaying options, gives its patrons flexibility in terms of exchanging destinations for a certain amount, and people are committed to holidays; all these features prevent the industry from getting hit during hard times, which may impact tourism in general.”

RCI reports confirm that the region has experienced a 40 percent membership growth from November 2008 to January 2009. Shastry claims that more than 1400 member families from South Africa, US, Australia, and United Kingdom have visited RCI India timeshares since November last year.