ARDA Study Sheds Light on Popular Timeshare Rentals December 2, 2009
Posted by Bryan Connelly in : ARDA, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized , add a commentA Vacation Timeshare Owners Report done by the ARDA International Foundation (AIF), today’s timeshare purchasers are younger, wealthier and happier today than they have ever been. While baby boomers are still the largest generation of vacation property owners, recent purchasers are younger overall.
58% of all timeshare owners in the ARDA study are under age 45, and nearly half of these consumers rented their timeshare before they bought it. Over the past decade BuyA Timeshare.com has been providing rentals to thousands of customers around the world. The growing numbers of people looking to save money on their vacation can rent weeks at any sought after destination. Providing an inexpensive getaway for the renter and some extra cash for the owner has been a concept that has gained popularity as the recession has progressed. A world of hospitality is evolving; the incentives to buy are becoming more and more reasonable.
Despite the magnificent quality of these resorts, affordability and savings on future vacations are still the driving factors for today’s timeshare buyer. Who can resist the call of a premium resort perched on the shores of some tropical island? Although a general lull in sales continues due to slowed consumer spending, timeshare owners continue to enjoy their vacation properties, with an 80% occupancy rate and an 86% product approval rate.
The timeshare concept has proven resilient throughout the recession and is poised to be even more successful in the future. According Howard Nusbaum, president and CEO of ARDA “the downturn in our economy has hit the tourism industry particularly hard; the timeshare segment, however, due in part to its pre-paid nature, is better equipped than most to weather a downturn.”
Nusbaum explains “The good news is that timeshare owners are still vacationing, and occupancy remains strong. Coupled with our industry’s emphasis on new efficiencies and improvements to our business model, we will come through the current downturn and be ready to meet the expectations of customers.” According to the recent AIF study, 86% of timeshare owners responded that owning a timeshare was an excellent to good experience. Newer owners are attracted to the beaches (52%) the attractions and entertainment (48%) and the local shopping (39%).
With steady customer satisfaction and a growing need for inexpensive vacation that people will actually enjoy, BuyATimeshare.com is the leading name in buying, renting and selling your timeshare online.