Posted on July 10, 2008 in Latest News
Have you ever heard a word ‘timeshare’? As might be expected, no one says ‘no’, but how much you know about timeshares and timeshares industry is a predominant issue. In fact, nobody will buy a timeshare without knowing it well. Demographics of timeshare industry show that there is a lot of potential for the industry to take a big leap. The demographics given below are published in a reputed online medium. The overview of that survey is as follows:
The Demographics of Timeshare Owners:
- The average age of timeshare owners is 49. It indicates that most of the timeshare owners are middle aged persons
- Nine of 10 owners are married, 85% of which have 2 to 4 children. This figure states that most of the owners are responsible persons who want real income returns from vacation resorts
- 70% of the timshare owners have incomes between $50,000 to $150,000. This number notes that any section of people can own a timeshare property
- The median house value for primary resident owners is around $250,000. It denotes that a person’s two years’ income can fetch him a timeshare ownership
- Over 40% of timeshare owners own more than one interval. It tells that nearly half of the total number of owners are happy and satisfied with the amenities and financial returns of their timeshare
- Almost 95% of timsehare owners own a home computer and have internet access. It says the owners are very much depended on internet to know about new trends and new vacations that are coming up
- Nearly 40% of the current timeshare purchases are made in the secondary market. It explains the importance of the secondary market in timeshare industry
- Nearly 65% of timeshare owners own beach resorts, with 25% associated with snow skiing resorts
Concerning these notations, we can say that timeshare industry is in a strong mood to set its best records. Today, timeshare industry is emerging as an important sector in travel industry due to its salient features and lucrative offers.
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