Global Vacation Ownership (Timeshare) Market Research Report 2020: COVID-19 Outbreak Impact Analysis
Brand Essence Market Research has developed a concise study on the Vacation Ownership (Timeshare) market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.
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Global Vacation Ownership (Timeshare) Market is valued at USD 12.36 Billion in 2018 and expected to reach USD 21.54 Billion by 2025 with the CAGR of 8.26% over the forecast period. Increasing travel interest among consumers is driving the growth of Global Vacation Ownership Market.
Scope of Vacation Ownership (Timeshare) Market Report:
A vacation ownership is a vacation property with shared ownership. Vacation ownership permit buyers to spend a specified amount of time at the property. Some of the vacation ownerships are large facilities with lots of living units, while some are like a single family home and are only enough for one owner to occupy at a time. Most vacation ownership are placed in popular resort areas where vacation property is high in demand in multiple parties hold rights to use the property and each owner of same accommodation is assigned their period of time. The minimum purchase time is one week ownership with high season weeks cost more price. Properties may be sold as a partial ownership, lease or right to use, in which latter has no rights to claim to ownership of the property.
Global vacation ownership (Timeshare) market report is segmented on the basis product type, application and regional & country level. By product type, the global vacation ownership (timeshare) market is segmented into timeshares, vacation/travel clubs and others. By application the global vacation ownership (timeshare) market is segmented into private and group.
The regions covered in this Vacation Ownership (Timeshare) Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Vacation Ownership (Timeshare) is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Global Vacation Ownership (Timeshare) Market Reportâ€“ Some major key players for global Vacation Ownership (Timeshare) market areWyndham, Marriott Vacations Worldwide, Hilton Grand Vacations, Hyatt, Diamond Resorts, Bluegreen Vacations, Disney Vacation Club and others.
Global Vacation Ownership (Timeshare) Market Dynamics â€“ Growing adoption of vacation ownership due to the increasing traction among millennial population together with elasticity in decision making, availability of improved benefits such as able to access VIP weekends, selection of club locations, luxury accommodations etc is one of the major factors driving the market growth. Additionally, the demand of shared vacation ownership among private users is expected to witness a high growth owing to the key factors such as growing importance placed on family togetherness coupled with growing family tourism.
The total effect of the shared vacation ownership industry reached around USD 114 billion including indirect impact. Furthermore, according to All India Resort Development Association around 22 million families own vacation interval products at 5,400 resorts, in over 121 countries. Some factors such as limited flexibility regarding the use of residence and annual maintenance fees even if user donâ€™t use it. While exchanging for popular times and places can be challenging, typically not a high end experience and limited customized services may restrain the market growth.
Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Vacation Ownership (Timeshare) Market.
Key Benefits for Vacation Ownership (Timeshare) Market Reports
â€¢ Global market report covers in-depth historical and forecast analysis.
â€¢ Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
â€¢ Global market report helps to identify opportunities in market place.
â€¢ Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Vacation Ownership (Timeshare) Market Segmentation:â€“
By Product Type:
â€¢ North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
North America is Expected to Dominate the Vacation Ownership (Timeshare) Market. North America accounts for the largest market share in the global vacation ownership (timeshare) market. Growing trend of social sharing with increasing freedom travel trend in consumers in recent years are some of the significant factors driving the demand for vacation ownership (timeshare) in this region. According to ARDA, U.S. timeshare industry approximately 9.6 Million of U.S. Families Own 1 or more types of product like timeshare weeks, points, fractional and/or private residence club. Asia-Pacific region is growing significantly, and anticipated to capture the large share in coming years especially in China, India and Southeast Asia regions. Increasing disposable income in this region is the key factor drives the market growth. Additionally, in this region, India is considered as a newer holiday experiences, and are no longer narrowing options to popular or mainstream destinations.
bVacation Ownership (Timeshare) Market Key Players:
â€¢ Marriott Vacations Worldwide
â€¢ Hilton Grand Vacations
â€¢ Diamond Resorts
â€¢ Bluegreen Vacations
â€¢ Disney Vacation Club
This comprehensive report will provide:
â€¢ Enhance your strategic decision making
â€¢ Assist with your research, presentations and business plans
â€¢ Show which emerging market opportunities to focus on
â€¢ Increase your industry knowledge
â€¢ Keep you up-to-date with crucial market developments
â€¢ Allow you to develop informed growth strategies
â€¢ Build your technical insight
â€¢ Illustrate trends to exploit
â€¢ Strengthen your analysis of competitors
â€¢ Provide risk analysis, helping you avoid the pitfalls other companies could make
â€¢ Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
â€¢ Which are the driving factors responsible for the growth of market?
â€¢ Which are the roadblock factors of this market?
â€¢ What are the new opportunities, by which market will grow in coming years?
â€¢ What are the trends of this market?
â€¢ Which are main factors responsible for new product launch?
â€¢ How big is the global & regional market in terms of revenue, sales and production?
â€¢ How far will the market grow in forecast period in terms of revenue, sales and production?
â€¢ Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
â€¢ How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
â€¢ Which region has more opportunities?
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The Essential Content Covered in the Global Vacation Ownership (Timeshare) Market Report:
* Top Key Company Profiles.
* Main Business and Rival Information
* SWOT Analysis and PESTEL Analysis
* Production, Sales, Revenue, Price and Gross Margin
* Market Share and Size
The report provides a 6-year forecast (2020-2026) assessed based on how the Vacation Ownership (Timeshare) market is predicted to grow in major regions like USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa, Others.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Vacation Ownership (Timeshare) market.
Chapter 2: Evaluating the leading manufacturers of the global Vacation Ownership (Timeshare) market which consists of its revenue, sales, and price of the products.
Chapter 3: the competitive nature among key manufacturers, with market share, revenue, and sales.
Chapter 4: Presenting global Vacation Ownership (Timeshare) market by regions, market share and revenue and sales for the projected period.
Chapters 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
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