According to new research, timeshare occupancy is overtaking hotel occupancy by more than 20 percent.

Yes, it’s true. Ernst & Young have revealed that more people are choosing to stay in timeshares instead of hotels for their vacation activities.

Staying in a timeshare poses several advantages. First and foremost, it is much cheaper compared to hotels, especially for group or family vacations. Most timeshares are even equipped with kitchens and other home comforts, which allow you to save up on food and other miscellaneous expenses.

Also, booking a timeshare stay is much easier. Unlike hotels, which you have to book months in advance, timeshares can be booked just weeks or even days in advance.