The U.S. timeshare industry witnessed its eighth consecutive year of growth in 2017, according to the State of the Vacation Timeshare Industry: United States Study 2018 Edition, conducted by EY for the ARDA International Foundation (AIF). Sales volume increased by nearly four percent to $9.6 billion and average occupancy rate was more than 81 percent in 2017.
The American Resort Development Association (ARDA) is hosting ARDA World 2018 in Las Vegas, Nevada. The annual global timeshare event is expected to attract nearly 2,000 attendees representing 35 different countries from all facets of the vacation ownership industry.
Hawaii’s timeshare industry contributed an estimated $5.3 billion in consumer and business spending in 2016, according to a recent study conducted by EY for the ARDA International Foundation (AIF) and ARDA-Hawaii. The industry also accounted for 31,727 local jobs, $1.8 billion in labor income and $263 million in state and local tax revenue.