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There are 5,000 timeshare resorts located in 110 countries, with 58.5 percent of the resorts found in six countries.
- Over 5 million households worldwide now own a timeshare interval, with owners residing in over 150 countries.
- The U.S. is the leader in the worldwide timeshare resort market, with over 1,608 resorts, and over two million timeshare owners.
- With 500,000 new owners purchasing 778,000 timeshare intervals and worldwide gross sales of $6.7 billion, 1999 proved a record year for the industry.
- As an aggregate profile, the typicaltimeshare owner is an upper-middle-income, middle-aged, well educated couple. Of U.S. vacation owners, 69.5 percent have incomes over $50,000, 68 percent are 50 years of age or older, and 64.2 percent have at least a bachelor's degree.
- As of 1998, 71.1 percent of U.S. households feel they have a chance of purchasing timeshare property within the next 10 years.
- Florida is the single-most preferred state by Americans for a timeshare property purchase. The next five most preferred states are Hawaii, California, Colorado, North Carolina, Arizona and Nevada in that order.
- Americans prefer the ocean/beach for timeshare property ownership, followed by mountain settings and lakes, in that order.
- Of more than 2,653 U.S. timeshare owners surveyed, 85.2 percent claimed satisfaction with their vacation purchases.
- Most important among the motivational benefits cited by U.S. owners in their decision to purchase timeshare were the high quality accommodations of the resorts at which they own and exchange, followed by the flexibility offered through timeshare exchange opportunities, and the value of timeshare ownership.
(Reprinted with permission of ARDA)
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