One of
the major pieces completing the travel industry structure includes the
‘Hospitality Segment’ which stands out as a significant and important sect of
the overall travel industry. Hospitality sector in itself comprises of various
sub segments like lodging, vacation exchange and rentals, and vacation ownership.
Vacation ownership, also known as timeshare, continues to lead in the hospitality and leisure industry with steady growth, as a large part of the industry's constant innovation developed in response to consumer lifestyle needs and vacation preferences. Also, the timeshare product can take one of several forms – fixed week, floating week or membership; however, the basic premise of owning time in a resort or group of resorts remains the same.
This sector was once dominated by private developers selling one-week fee intervals, but now includes publicly-traded hospitality companies actively developing a full range of offerings at different price points in resort and urban destinations. An increase in the factors like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR) have made significant contribution to the growth of the industry.
Vacation ownership, also known as timeshare, continues to lead in the hospitality and leisure industry with steady growth, as a large part of the industry's constant innovation developed in response to consumer lifestyle needs and vacation preferences. Also, the timeshare product can take one of several forms – fixed week, floating week or membership; however, the basic premise of owning time in a resort or group of resorts remains the same.
This sector was once dominated by private developers selling one-week fee intervals, but now includes publicly-traded hospitality companies actively developing a full range of offerings at different price points in resort and urban destinations. An increase in the factors like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR) have made significant contribution to the growth of the industry.
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The key factors driving growth of the global vacation ownership industry include rising number of HNWI and employed population, growing demand for leisure and recreation, increasing internet penetration, ameliorating global economic condition and zealous international tourism in the US. Some of the noteworthy trends and developments of this industry are enhanced buyer’s protection, shifting profitability from hotel stays to timeshare buying, growing popularity for eco-friendly timeshare resorts and fast pace recovery of respective industry in the developed markets after recession. However, the growth of vacation ownership market is hindered by a number of factors including stringent government regulations.
The key factors driving growth of the global vacation ownership industry include rising number of HNWI and employed population, growing demand for leisure and recreation, increasing internet penetration, ameliorating global economic condition and zealous international tourism in the US. Some of the noteworthy trends and developments of this industry are enhanced buyer’s protection, shifting profitability from hotel stays to timeshare buying, growing popularity for eco-friendly timeshare resorts and fast pace recovery of respective industry in the developed markets after recession. However, the growth of vacation ownership market is hindered by a number of factors including stringent government regulations.
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The
report offers an analysis of the vacation ownership market. It discusses major
market trends, growth drivers and challenges. The market for vacation ownership
is personified by intense competition, with numerous large and regional players
competing on the basis of quality and location of timeshare resorts,
flexibility of usage, and other services offered by them. Wyndham Worldwide
Corporation is the leading player in the global vacation ownership market in
terms of revenues, number of resorts, and number of owners. The other leading
players include Marriott International, Starwood Hotels, and Diamond Resort
International, among others.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.
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Some points from TOC:
1. Overview
1.1 Hospitality Industry
1.2 Vacation Ownership Industry
1.2.1 Introduction
1.2.2 Operations of Timeshare Business
1.2.3 Stages of the Timeshare Concept
1.2.4 Fractional Ownership
1.2.5 Factors Influencing Timeshare Purchase Decision
2. Market Analysis
2.1 Global Vacation Ownership Market
-Market Overview
-Key Performance Indicators
-Units Share by Size
-Ownership Penetration
-Demographic Trends
2.2 The US Market
2.2.1 The US Hotel Industry
-Industry Revenue Growth
-Key Performance Indicators
2.2.2 US Vacation Ownership Market
-Industry Revenue Growth
-Resort Size
-Service Fee
-Average Selling Price
-Other Industry Statistics
1.1 Hospitality Industry
1.2 Vacation Ownership Industry
1.2.1 Introduction
1.2.2 Operations of Timeshare Business
1.2.3 Stages of the Timeshare Concept
1.2.4 Fractional Ownership
1.2.5 Factors Influencing Timeshare Purchase Decision
2. Market Analysis
2.1 Global Vacation Ownership Market
-Market Overview
-Key Performance Indicators
-Units Share by Size
-Ownership Penetration
-Demographic Trends
2.2 The US Market
2.2.1 The US Hotel Industry
-Industry Revenue Growth
-Key Performance Indicators
2.2.2 US Vacation Ownership Market
-Industry Revenue Growth
-Resort Size
-Service Fee
-Average Selling Price
-Other Industry Statistics
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