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The Hawaii timeshare industry is in a major growth spurt with no end in sight.

According to an article in Hawaii News Now, the timeshare growth is taking place on every island with all of the major branded timeshare developers, at the expense of standard hotels.

Case in point is the interest shown in the new Hokulani tower, the latest timeshare development by Hilton Grand Vacations in Waikiki.

Dan Dinell, Vice President of Sales and Marketing for Hilton Grand Vacations, says Hilton timeshare has been a big seller. “The Lagoon tower went up in 2000,” says Dinell. “That was followed by the Kalia tower because of the demand and most recently the Grand Waikikian in 2007 and now we’re building on Kalakaua.”

The Hokulani is being developed at the former location of an Outrigger Hotel.

The trend isn’t just happening on Waikiki Beach or elsewhere on the renowned island of Oahu. In the last 10 years, there has not been a standard hotel build anywhere in Hawaii, according to the article.

“Currently there are over 10,000 timeshare units. It’s about 13 percent of the mix. When you see what’s coming on down the road it’s all timeshare units as well,” added Dinell.

From Waikiki’s Trump Tower to the new Disney timeshare Aulani, new developments create the promise of return visitors, and their lucrative impact on the local economy.

Since 2000, the State lost a reported 8,000 hotel rooms to timeshares or condos – impacting the average hotel room rate to $230 per night.

The costs of a new timeshare can be as high as $30,000 for a week in a one bedroom unit at the Hokulani, to $400,000 to stay in the penthouse in Hilton’s Grand Waikikian.

The good news for potential owners looking to buy Hawaii timeshare is that you can stay in a Hawaii timeshare for much less by searching the resale market. Check the availability on the Buyatimeshare.com website by going to http://www.buyatimeshare.com/search/hawaii.asp