|Your Location: Timeshare Users Group Advice: RCI Industry Facts & Figures - Timeshare Purchasers |updated: 1/29/08|
WHO THEY ARE, WHY THEY BUY, 1998 Edition
This report, issued on the 20th anniversary of the first survey of resort timeshare owners in the United States, is the ninth such survey since 1978.
Notable growth has occurred in the resort timeshare industry during this period as outlined below.
Timesharing: Now and Then
|Annual U.S. Sales Volume||
|Number of U.S. Owners||
|Number of U.S. Resorts||
Who They Are
Compared to all U.S. households, timeshare owners earn more (72.9 percent have incomes of more than $50,000, compared to only 34.3 percent for U.S. households); are older (75.3 percent are 45 years of age or more, compared to 52.1 percent); and are more educated (57.4 percent have a bachelor’s degree, compared to 24.5 percent).
The exchange opportunity remains the most frequently cited motivation for purchasing a timeshare interval (84.2 percent), followed by being able to save money on future vacation costs (59.5 percent) and simply liking the timeshare resort, the amenities, and/or the unit (52.2 percent).
Satisfaction rates with the exchange opportunity are very high. Some 78.6 percent of owners express satisfaction with their exchange company, and 83.1 percent express satisfaction with their most recent exchange.
One-half (50 percent) of those surveyed own at seashore or ocean beach areas, followed by golfing destinations at 28.9 percent, snow skiing destinations at 20.7 percent, and lake or large river destinations at 20.3 percent. A high 28.8 percent of owners own timesharing at more than one resort.
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