For the past two years in the timeshare industry, the record shows the highest number of owners who want to get out from their timeshares. But despite this, there are still many consumers who are still planning to own such property. The latest news, according to a Vacation Timeshare Owners Report which was released last month done by the ARDA International Foundation (AIF), it indicates that the current demographics of timeshare buyers have shifted. Today’s timeshare buyers are younger, wealthier and happier than they have ever been.
Currently, the baby boomers are still the largest generation of vacation property owners. But the recent purchasers are younger overall and show more potential to buy vacation ownerships in the future. As a matter of fact, 58% of all timeshare owners in the ARDA study are under age 45 and nearly half of these consumers rented their timeshare before they bought it.
Over the past decade, some websites provides rentals to those thousands of travelers from around the world and the number of people looking to save money on their vacation is increasing buyer traffic to these websites. Providing an inexpensive getaway for the renters and some extra cash for the owners has been a concept that is gaining popularity as the economic downturn persists. Despite the great quality of today’s luxury resorts, affordability and savings on future vacations are still the forces that drive today’s timeshare buyer.
On the other hand, we can’t ignore the fact that the number of owners who want to get rid of their timeshares is increasing up to this day. While some of these owners hire a timeshare transfer company such as the Transfer Smart and successfully got rid of their units, many are still trapped with their timeshare contracts.