According to a recent study conducted for the American Resort Development Association (ARDA) by Ernst & Young, the U.S. timeshare industry contributed an estimated $70 billion in consumer and business spending to the national economy in 2011. Included in that total are 493,000 jobs that reflect $23 billion in income by way of salaries and wages.
Howard Nusbaum, president and CEO of ARDA stated, “With the easing of capital markets and pent up demand for travel and family vacations, sales are beginning to increase once again. The $6.5 billion timeshare industry is making a major impact on local economies throughout the country.” He went on to say, “It’s encouraging to see these numbers – we aren’t just bringing people a better way to vacation, we are making a serious bottom-line economic impact.”
The impact of the timeshare industry on the U.S. economy extends far beyond just timeshare resorts. Included in these figures are the economic impacts of sales and marketing offices, new resort construction, the renovation, remodeling and upgrading of existing resorts, the significant impact of expenditures of vacationers during their timeshare stays, and corporate operations.
Combined direct, indirect, and fiscal impacts in 2011 by the U.S. timeshare industry included $70 billion in consumer and business spending, 493,000 full- and part-time jobs, $23 billion in salaries and wages, and $7.7 billion in tax revenue. With over 194,200 timeshare units in 1,548 timeshare resorts in the United States, the timeshare industry encompasses a significant portion of the U.S. hospitality industry.
Spending by timeshare owners and guests during timeshare stays was estimated at $9.3 billion in 2011. About $1.5 billion was spent on-site at resorts in restaurants, snack bars, and spa or fitness activities. $7.8 billion was spent off-site in the communities where the timeshare resorts are located in restaurants, grocery stores, amusement parks, sightseeing tours, etc.
In addition to private sector benefits, the timeshare industry contributes significantly more federal, state, and local tax revenue per employee than the average industry, totaling $7.7 billion in 2011.
It’s a well known fact that timeshare owners start spending money as soon as they arrive. They rent a car, they buy food, and they don’t just sit in their rooms – they are travelers, explorers and adventurers. They visit amusement parks, take sunset and snorkel cruises, go deep sea fishing, play golf, shop and collect souvenirs, dine out and enjoy a myriad of other activities in the area where they vacation. It’s easy to see how local economies are positively impacted by the timeshare industry.
Advantage Vacation specializes in name brand timeshare resales of Hilton, Hyatt, Marriott and Westin Starwood in the most popular vacation destinations of Hawaii, California and Florida. Let the licensed timeshare resale professionals at Advantage Vacation assist you in finding just the right timeshare resale (at the right price) for the way you and your family like to vacation. At Advantage Vacation you are assured of prompt, courteous and professional service (before, during and after the sale.) Our business has been built on relationships and we pride ourselves on providing excellent service to our clients.
Advantage Vacation is a member of the American Resort Development Association (ARDA) and offers the best buys on the timeshare re sales market today. We never charge an upfront fee for clients who want to sell a timeshare and only receive a commission, paid from escrow, when the transaction is closed.
We are leaders in the timeshare resale secondary market, have been in the timeshare industry for over 30 years and are Accredited Members of the BBB with an A+ Rating.
Advantage Vacation is using Twitter and Facebook to help educate people on the changes in the timeshare industry along with current timeshare tips, up to date timeshare news and timeshare FAQ’s.
We hope you will follow us and our blog, Timeshare Blogging by Advantage Vacation for the latest news and reviews. If our site does not answer your question or questions, please email us your question and we will answer it and add it to our library. Make your voice heard – what questions do you have?
At Advantage Vacation you can be assured you are working with professionals who believe that honesty and integrity are the most important aspects of the business they are in – timeshare resales. Our business has been built on relationships and we pride ourselves on providing excellent service to our clients.
Would you like more information about Advantage Vacation?
