How Popular Are Timeshares Today?
Saturday, January 19th, 2008Today timeshares are a very popular vacation option all over the world.
Though the concept originated in France, the popularity of timeshares has spread slowly but surely the world over. Back home, Florida was the first to jump on to the timeshare bandwagon in the 1970’s before others joined in. The 1980’s saw a growth in the economy empowering people to spend on leisure and consequently timeshares became a popular choice for vacations. As people realized the benefits of timeshare, the concept spread across Europe. The 1990s saw Asian countries also warming up to the idea of timeshares, thus spreading the timeshare concept globally. In 2005, there were nearly 5,400 resorts in more than 100 countries. The popularity of timeshares today can be estimated from the fact that timeshare owners come from over 270 countries. In the US alone the industry has grown by 23.7% between 2002 and 2005 resulting in 4.1 million households owning one or more U.S. timeshares as on January 1, 2006.