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Timeshare Users Group Advice: RCI Industry Facts and Figures -
Benefits of Ownership
|updated:
1/29/08 |
THE BENEFITS OF OWNING RESORT TIMESHARING: 1998
This study updates similar
studies conducted in 1992 and 1995. The 1998 survey reflects the
responses of 1,695 U.S. timeshare owners who own at least one interval
of resort timesharing.
Consumer
Satisfaction
The majority of respondents¾ more than four out of five¾ are satisfied with their
resort-timeshare purchases, as demonstrated by the following statistics:
- 81.1 percent of respondents
are very or somewhat satisfied with their resort timeshare purchase.
- 74.6 percent say their
expectations of resort timesharing at the time of purchase have been
matched or exceeded.
- 66.6 percent say the impact
of resort timesharing on their lives has been very positive or positive.
- 75.2 percent say they
frequently or sometimes recommend resort timesharing to their friends.
- The longer respondents have
owned resort timesharing, the more weeks they own, and at more resorts,
as shown below:
|
number of
years owned
|
average
number of weeks respondents own
|
average
number of resorts
at which respondents
own
|
| Less than 5 years |
1.4
|
1.1
|
| 5 to 7 years |
1.8
|
1.4
|
| 8 to 12 years |
1.9
|
1.4
|
| 13 years or more |
2.1
|
1.5
|
Benefits to
Consumers
Resort-timeshare owners secure substantial personal
benefits from their purchases. For example:
- 73.1 percent of respondents agree that, since
owning resort timesharing, they have enjoyed their vacations more, an
increase from 69.2 percent in 1995 and 72.9 percent in 1992.
- 72.5 percent agree they have experienced more
vacation destinations, a noticeable increase from 67.1 percent in 1995
and 57.1 percent in 1992.
- 71.5 percent agree they have had a wider range
of vacation experiences since owning resort timesharing, up
significantly from 67.8 percent in 1995 and 57.8 percent in 1992.
- 70.8 percent agree they have stayed in higher
quality resorts, compared to 70 percent in both 1995 and 1992.
- 77.8 percent believe resort timesharing has had
a positive impact on their looking forward to vacations.
- Before owning resort timesharing, respondents
averaged 11.8 vacation days away from home annually. Since owning
resort timesharing, respondents report an average of 16.1 vacation days
away from home annually.
Exchange Opportunity
- 98.3 percent of respondents say the exchange
opportunity was important in their decision to purchase resort
timesharing, including 84.4 percent who say it was very important. The
importance of the exchange opportunity increased from 97.9 percent in
1995 and 91.9 percent in 1992.
- While 39 percent of respondents used some or all
of their "home resort" timeshare intervals during the past year, most
respondents (57.8 percent) exchanged to another resort. This exchange
percentage is a significant increase from 52.1 percent in 1995 and 43.4
percent in 1992.
- Throughout their years of ownership, respondents
have averaged more vacations in exchange accommodations (5.8 times)
than in their "home resort" accommodations (4.4 times). This average
number of vacations in exchange accommodations is an increase from 4.3
times in 1995 and 2.3 times in 1992.
Other Reasons to Buy
In addition to the ability to exchange, respondents
cite other benefits as important in deciding to purchase resort
timesharing.
- 98.7 percent of respondents say the certainty of
quality accommodations was important.
- 97.7 percent say that resort timesharing is a
good value for the money.
- 95.7 percent say they liked their home resort,
amenities and unit.
- 95.4 percent say the credibility of the
timeshare company was important in their decision to purchase.
Send comments/feedback by email to:
tug@tug2.net
Timeshare
Users Group
© Copyright 1993-2008
PO Box 1442, Orange Park, Fl 32067
Phone: (904) 298-3185
Homepage
updated Jan 29, 2008 by B. Rogers - Send email regarding
this page to tug@tug2.net
