Frequently asked questions
In 2022, the market for vacation ownership was estimated to be worth USD 19158.5 million.
The market for vacation ownership is anticipated to increase at a CAGR of 6.80% from 2023 to 2030, reaching USD 32428.84 million in 2030.
Fixed week ownership is the most popular category of ownership type.
Beach resorts, by the resort type, are the notable segment.
During the projection period, the fractional ownership category is anticipated to exhibit the highest CAGR.
The vacation ownership market was ruled by North America.
The top players include Diamond Resorts, Hyatt, Wyndham, Marriott Vacations Worldwide, Disney Vacation Club., Hilton Grand Vacations, Interval International, Accor Vacation Club, Four Seasons Residence Clubs, Bluegreen Vacations and others.
The sector for vacation ownership is expanding due to factors like the rising demand for practical tourism, technology and online booking, increased flexibility, and rising disposable profits.
Poor customer impression, downturns in the economy, competition from substitute lodging, and regulatory hurdles are just a few of the challenges that the vacation ownership industry is currently facing.
The vacation ownership industry has enormous potential for development as a result of the growing freelancer movement, the growing acceptance of environmentally friendly tourism, and the rise of the market for premium vacation ownership.