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State of the US Timeshare Industry 2018

Some vacationers have found the secret to vacationing better – timeshare! And this is witnessed in the U.S. timeshare industry as it enjoyed its eighth straight year of steady growth in 2017. According to the State of the Vacation Timeshare Industry: United States Study 2018 Edition conducted by EY for the ARDA International Foundation (AIF), vacationing with timeshare is strong and shows a promising future.

In 2017:

  • Sales volume increased from $9.2 billion in 2016 to $9.6 billion in 2017, nearly a four percent increase and more than 26 percent increase since 2013.
  • Average occupancy rate was more than 81 percent, compared to a 65.9 percent hotel occupancy rate. Higher occupancy rate extends benefits beyond the resort itself and into the local surrounding markets and communities such as spending at local restaurants, purchasing groceries for the fully-equipped in-unit kitchen, and purchasing gas for rental cars.
  • Rental revenue increased from $1.9 billion in 2016 to $2.3 billion in 2017, a 20 percent increase.
  • There were 1,570 timeshare resorts in the U.S., representing approximately 205,100 units.
  • About 72 percent of timeshare units are two bedrooms or more and the average unit size is over 1,000 square feet.
  • The average sales price was $22,180 per interval.
  • The average maintenance fee was $980, remaining relatively flat with a one percent increase over 2016.

Other interesting facts from the study were:

  • 34 percent of resorts are beach resorts, making them the most common type of resort.
  • Island resorts had the highest occupancy rate of nearly 90 percent.
  • Florida had the highest number of timeshare resorts with 373.
  • Nevada had the largest resorts with 249 units on average.

For more details from the study, check out the Timeshare in 2018: Paradise Found infographic and for a copy of the full State of the Industry study, visit www.arda.org/foundation.

A vacation can be one of the best ways to recharge, restore and relax. From experiencing a new city to soaking in sun-filled beach days, vacations are proving to be instrumental in balancing overall fitness. Another way to ensure a healthy balanced life is to exercise and eat right. Exercising or dieting on vacation may not seem like your ideal way to spend your time-off. Hey, what’s is a vacation for, if you aren’t taking a break?

Exercising is actually an important part of relaxation. It helps improve your mood, fills your body with energy-inducing endorphins and is meditation in motion. Eating right can also help increase your energy and limit your stress levels. And the best part of less stress means more restful sleep!

In fact, enjoying fitness activities while on vacation is much more common than you might think. A recent survey from the American Resort Development Association (ARDA) conducted by research group Leger, found that 52% of vacationers work out every three days. And timeshare owners are leading this group, with 90% stating that they work out while on vacation.

So, are you wondering how to maintain your fitness while still making your vacation restorative? Take a look at these easy health trip tips.

1. Get Your Workout In

Sometimes the easiest and most rewarding exercises can be done in thirty minutes or less. And with the average timeshare unit measuring up to 1,050 square feet there’s plenty of room to fit in a quick exercise routine without leaving the comfort of your room. Fitness apps such SWEAT and Kineticoach are great for finding short exercises that utilize your body weight and circuit training to keep your heart rate up, and your endorphins flowing.

Another way to get in some exercise is to explore your destination. Taking a  relaxing beachfront stroll, or discovering local attractions on foot or on a bike, are perfect ways to take in all your destination has to offer while keeping you active. One of the best parts of being a timeshare owner means you have access to exclusive excursion and activities that get you moving without making it feel like work.

2. Eat Healthy

One word – fresh. Take a tip from locals and find farmers markets, produce stands and specials that are unique to your destination. You’ll get to explore the people, food and culture of your vacation spot while finding tasty new ingredients to cook with. Utilize the fully equipped kitchen in your timeshare to make vibrant and fresh meals with your family and friends. Not only can it be delicious and healthy, but you can increase quality time with the ones you love.

3. Balance Your Metal Health with Sleep

A good night’s rest goes a long way and vacations are the perfect time to catch up on those zzz’s. Having multiple rooms in your timeshare ensures everyone on your trip has their own space to unwind. Not only are you able to be in a new bed to help you detach from the usual stresses found at home, but you can get up to an extra hour of sleep. More restful sleep at night means you wake up with a clearer head and more energy to seize the day.

Make the most of your vacation by taking care of your wellbeing and enjoying all your timeshare has to offer!

Federal – State – Local  

Hurricanes Harvey and Irma have taken a toll on some of our most beloved timeshare locations in Florida, the Caribbean and Texas.  If you are a displaced owner or resort guest, there are resources for you to explore.  Our thoughts go out to you for your continued safety and recovery from these natural disasters.


FEMA – State/Local Assistance  

Need to register online at www.DisasterAssistance.gov or call 1-800-621-3362

Some of the services may include:

– Guidance regarding disaster recovery
– Clarification of any written correspondence received
– Housing Assistance and Rental Resource information
– Answers to questions, resolution to problems and referrals to agencies that may provide further assistance
– Status of applications being processed by FEMA
– SBA program information if there is a SBA Representative at the Disaster Recovery Center site
– Crisis Counseling Program
– Disaster Legal Services
– Disaster Unemployment
– Funeral Assistance – Individuals and Households Program


Federal Aid Programs for the Territory of the U.S. Virgin Islands

Need to register online at www.DisasterAssistance.gov or call 1-800-621-3362

Application procedures for the territory will be explained at a series of applicant briefings with locations to be announced in the affected area by recovery officials. Approved public repair projects are paid through the territory from funding provided by FEMA and other participating federal agencies. Application procedures for the territory will be explained at a series of applicant briefings with locations to be announced in the affected area by recovery officials. Approved public repair projects are paid through the territory from funding provided by FEMA and other participating federal agencies.


Texas Disaster Relief Fund 

www.Texas.gov


Florida Department of Children and Families

Disaster Recovery Centers provide assistance with disaster unemployment, financial assistance through FEMA, elder affairs issues, housing and rental assistance, aid for businesses and referrals for other needs. DCF’s Substance Abuse and Mental Health Program Office works with providers to staff centers with crisis counselors, and our Economic Self-Sufficiency staff are on site to handle replacement food assistance for clients who lost food due to power outages or flooding.


Food for Florida

The Department of Children and Families’ “Food for Florida” disaster relief program provides emergency food assistance to families in need after a hurricane or another disaster under federal guidance from the U.S. Department of Agriculture, Food and Nutrition Service. 

For more information and to sign up for text/email alerts, visit www.myflfamilies.com/fff


The American Red Cross

UNICEF – Emergency Hurricane Relief

U.S. Department of Transportation
(State & Local Disaster Emergency Fund)  www.DOT.gov

It’s already known that vacations are beneficial to a person’s well-being.  They can lessen stress, decrease depression and even improve one’s heart health. As if that weren’t enough, vacations can even lead to better sleep…and that’s not only during the vacation, but afterward as well!

It was discovered in a study conducted by a former NASA scientist who followed the sleep patterns of a group of people before, during and after a vacation.  He found that after the first day of vacation the participants averaged a full extra hour of sleep per night during the rest of their time away.

But the extra sleep didn’t stop when the vacation was over.  The study found that even when the participants returned home – they continued to average an extra 20 minutes of sleep per night for a significant period of time.  And we know that better sleep is important to our health!

Vacations are fun and exciting, but are not usually associated with sleep.  But when you break it down, there are many reasons behind why you’ll sleep better:

  • A vacation takes you away from work, reducing stress, and the lower the level of stress a person is having the better night’s sleep they tend to get.
  • During a vacation, you likely use your computer and phones less. This reduced backlight on your eyes will improve how you sleep.
  • You probably want to make the most out of your trip, so you will have a greater focus on getting more sleep and trying to get to bed at an earlier time than you would at home.
  • If you’re not a good sleeper in general, experts say a new bed can help you detach from the usual stress you feel at home, resulting in a better night of sleep.

Taking a vacation can help with your sleep, but it’s important to remember that not all vacations are the same.  Vacationing in a hotel where everyone sleeps in the same room can lead to nighttime problems.  Getting stuck in a room with a snorer, sleep talker or even a sleep walker can completely ruin your whole vacation.

But staying in a place with multiple rooms is your best option to have a great vacation—for a lot of reasons.  Check out a timeshare vacation for the space you need to get a good night’s sleep!  Your body (and mind) will thank you.

 

Has this election season left you feeling down? Depressed? Anxious? Well you’re not alone.  In fact, the American Psychological Association found that more than half of U.S. adults, regardless of party, felt very or somewhat stressed by the election —which puts it in line with other major life stressors, such as the economy, money or work.

It has gotten so bad that Steven Stosny, a therapist in suburban Washington D.C., has even characterized what he’s seeing in his patients as “Election Stress Disorder.

One great way to help you feel better during this stressful time is to step back, take a deep breath and PLAN YOUR NEXT VACATION!

Simply beginning to plan a vacation can take your mind off of the stressors bringing you down.  Instead of focusing on the negatives surrounding this election, use your day to whisk yourself away to a better place. There is a world of options out there just waiting to be explored!

We know that taking vacations are proven to be good for a person’s health. There have been numerous studies that show vacations lower stress levels and decrease depression.   Take some time to plan one and knowing that you have a vacation to look forward to can help you overcome Election Stress Disorder.

And just think – it’s almost over!

snowy-moutain-resort_vb
A recent popular trend has become share or peer-to-peer vacations – like Airbnb, VRBO and HomeAway – where vacationers rent rooms or houses directly from homeowners.  For most families a vacation is a once-a-year event, where everything needs to go right to fully enjoy the relaxation a vacation provides.  Yet, people are still going on vacations that don’t fully meet their needs, even through these peer-to-peer services.

While this type of vacation can work for some people, a recent survey of over 1,000 vacationers conducted for the American Resort Development Association (ARDA) by research group Leger revealed many drawbacks.  Respondents said they least liked the fact that there was no housekeeping (47%), no concierge/front desk (23%), and that it was not a part of a resort (17%).

Now while this survey showed the things vacationers who use peer-to-peer services did not like, it also showed some of the things that they found very beneficial to their vacation enjoyment.  Two of the main things respondents cited were the fact that their rented unit had a kitchen and that there were multiple rooms.

So, what offers these in-demand amenities without the downside of the drawbacks found in peer-to-peer rentals?  Timeshare!

According to a recent article in Hotel Management Magazine, “A quick glance at the media hype surrounding Airbnb, HomeAway and other sharing economy hotel alternatives would lead many to believe that these companies are the founders of a new concept that is revolutionizing the industry. But, in fact, another facet of the hotel industry­—timeshare—considers itself the ‘original’ sharing economy, and has the facts to make a compelling case.”

Timeshare accommodations offer a large living space that includes a kitchen for when you want to cook your own meals as well as multiple rooms that give you both space to be together as a family or privacy to be alone.  And, most timeshares also offer housekeeping, a concierge/front desk and a resort style property.  Ultimately, timeshares offer the size and space that peer-to-peer services offer while also providing the key amenities that have almost become expected during a vacation. The last thing you should be thinking on vacation is vacuuming!

By Catherine Reynolds, Associate Manager of External Communications, RCI

the-registry-collection-affiliated-palafitos-overwater-bungalows

Today’s traveler is looking to take something new away from their vacation, and that is often taking the form of newly obtained knowledge. They want to see or do something they never thought possible. In fact, there’s a growing case for experiential travel as the new norm. TripAdvisor’s TripBarometer: 2016 Travel Trends study reported that 25 percent of millennials choose their vacation destination because they are able to do an activity that was not possible elsewhere.

Of this same group, 43 percent even reported that they would be willing to spend more on trips that allowed them to visit somewhere on their wish list. While we often hear this said of millennials, it’s not just for the young and single travelers. Globally, 69 percent of all travelers plan to try something new in 2016 according to TripAdvisor, showing that travelers of all ages are looking for new and novel experiences. Experiential travelers are looking for four main things in a vacation: First Hand Experiences, One-of-a-kind Properties, Fully Immersive Vacations and Experiences of the Future. But where can Experiential Travelers experience all four of these amenities? At timeshares across the world, of course!

First-Hand Experiences

Grupo Vidanta recently announced the opening of new Cirque du Soleil® themed properties that perfectly provide these types of experiences. Opening in 2018 in Nuevo Vallarta, Mexico, the properties will be intertwined
with a Cirque du Soleil® theme park, where travelers will be able to move beyond spectatorship to become characters within the park’s interactive stage and experience Cirque as never before. An on-site Cirque school takes the experience to new heights and in doing so, travelers will
get a taste of what it is like to actually be
a part of a Cirque du Soleil performance,
an experience that they aren’t able to have anywhere else.

One-of-a-kind Properties

Vacation ownership developers are also creating properties that give travelers a chance to experience accommodations like never before. Karisma Hotels & Resorts capitalized on an opportunity
to create Latin America’s only overwater bungalows with its soon-to-open Palafitos-Overwater Bungalows property in Mexico. It comprises 30 elegant suites with spectacular views, glass bottom floors and private infinity pools, as well as beautiful and well-appointed accommodations where guests and members will enjoy awe-inspiring sunrises and sunsets. An experience not offered in many locations.

Fully Immersive Vacations

Family vacations have always been in the wheelhouse of benefits for the vacation ownership industry with the additional space and amenities provided at most properties. Karisma Hotels & Resorts’ new Nickelodeon Hotel & Resort Punta Cana property sets a precedent. This upscale resort mixes luxurious amenities with fun-for-the-whole-family experiences centered around Nickelodeon characters. But it’s not all just for kids! Adults can also experience a family vacation without sacrificing luxury and relaxation. The white sand beaches, tropical beverages, and Karisma’s Gourmet Inclusive Experience help ensure that the grown-ups have the vacation they want, too.

Experiences of the Future

As the appetite for experiential travel continues to grow across all population segments, the timeshare industry is perfectly positioned to offer these types of vacations!

But “GVS” affects every worker, not just Millennials – does it affect you?

What is GVS?
Guilty Vacation Syndrome, or GVS, now affects a growing percentage of the American population. GVS is the nagging urge to cancel or delay vacation, due to guilt. With vacation-shaming growing in offices across the world, there has been a surge in diagnoses of GVS. Many feel that despite wanting a vacation, they shouldn’t take one.

In fact, findings from the 2016 Alamo Family Vacation Survey show 59 percent of Millennials reported feeling a sense of shame for taking or planning a vacation, while 41 percent those 35 or older felt those same symptoms of GVS. Nearly half (47 percent) of all workers surveyed said they felt a sense of shame or guilt at their workplace for taking time off to go on a vacation. What’s more, two-fifths (42 percent) of those think their co-workers are seriously shaming them – not just joking. And nearly half (47 percent) said they’ve felt the need to justify to their employer why they’re using their vacation days. Of those who reported having unused paid vacation days, two-fifths (40 percent) said they left five or more vacation days unused in 2015! A full week of work left on the table simply because workers do not want to deal with the guilt associated with taking a vacation.

Recent research from Project: Time Off shows that an astounding fifty-five percent of Americans didn’t use all of their time off in 2015 and sixty-five percent say that their company discourages, sends mixed messages, or says nothing about taking personal time off.

Are You at Risk?
It’s clear that everyone is at risk for contracting GVS. Americans are already more likely than any of our counterparts around the world to leave vacation time on the table and may go years without ever taking that break to rejuvenate and reenergize.

Symptoms
The symptoms often go undetected or are mistaken for other, less serious ailments.
Symptoms include:
• Misplaced emotions
• Indecisiveness
• Sadness

Treatment and Care
There are many success stories out there, so there is definitely hope! People are learning to embrace vacation—with no second-guessing, stress or guilt.

Proven remedies for GVS include:
• Realize that vacations are a necessity and not a luxury;
• Commit to an annual vacation—a recipe for stronger ties with families and friends, less stress and better health;
• Learn from those that have never suffered from this malady; timeshare owners have continued to make vacations a priority.

It’s proven that one to two weeks away from the daily routine leads to better job performance and productivity—perhaps helping to make your job even more secure when you return to it.

Research proves that Americans who take time to plan how they will use their vacation time in the year ahead are happier than those who do not.  Simply having something to look forward to—like a vacation—improves your happiness. But nearly half of American households fail to take the simple step of planning their time off, a step that can be made much easier by having a timeshare.

Here are some simple steps to make sure that you don’t make the mistake of not using all of your vacation time:

First, confirm your paid time off benefits.  Don’t take someone else’s word for it, confirm what you have available by asking your manager or HR director.  After this is accomplished, the next important step is to review your calendar for the year to see when you could actually take a vacation.

Now, the fun part: this is where your dreams and goals come in. What are you going to cross off your bucket list this year? Where have you been wanting to travel? What are you dying to try? You don’t necessarily need to know what you’ll do with every vacation day—just plan the days off now. Getting it on the calendar is what matters most.

Finally, it is time to talk with your boss and colleagues about your plans to take time off.  But don’t be anxious: nearly all senior business leaders believe vacation time benefits their employees – and the company.

It’s time to stop feeling guilty about trying to take a vacation each year and remember there are many health and wellness benefits that come along with an annual vacation.  You work hard all year, you deserve to have some well-earned, time off.  With a timeshare you are ensuring that you take a vacation each year since it is already prepaid!