A recent study conducted by Ernst and Young for ARDA showed that the timeshare industry contributed $75 billion to the US economy in 2012.
Now that is an astounding fact! Consider where we were just a few years ago. Timeshare Resort Developers were abandoning their timeshare projects, companies were spinning off their timeshare divisions, timeshare resorts were laying off their sales and other staff, and financing for timeshare notes had vanished.
Important facts from the report: “Combined direct, indirect, and fiscal impacts in 2012 by the U.S. timeshare industry included $75 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. There are over 194,200 units in 1,548 timeshare resorts in the United States, encompassing a significant portion of the U.S. hospitality industry.”
Don’t miss the impact on local economy and jobs. When timeshare resorts thrive so does the local economy thanks to the money spent by vacationers and jobs created to support their presence.
Impact on Timeshare Resales
The conclusion you can draw from this report is that timeshare resales are due to bounce back swiftly as well. As more and more potential timeshare buyers tour resorts and decline to pay the going rate, they turn to timeshare resales to get a better deal. Now is the time to get your timeshare on the market for sale on the resale market. Don’t procrastinate on your decision to sell your timeshare.
Get it done. Sell your timeshare – now.