The timeshare industry provides significant regional and community economic development throughout Australia.
An overview of headline timeshare industry statistics, and comparisons to relevant Australian tourism statistics, is provided below:
Over 70% of Australian timeshare owners (or approximately 120,000 of the 170,000 total owners) had a holiday, short break or trip away for leisure at a timeshare resort in Australia in 2012. This represents an approximate increase in the number of owners going on holiday using their timeshare of approximately 17% compared to 2009.
By comparison, total domestic overnight and international visitation to Australia increased by approximately half that of the timeshare industry (9%) between 2008-09 and 2011-12 (Tourism Forecasting Committee, 2012).
There were a total of 91 timeshare resorts in Australia in December 2012, with 2,683 timeshare units, predominantly located in Queensland, New South Wales and Victoria. Around 55% of the units are 2-bedroom units, with 27% 1-bedroom units.
There were approximately 966,400 nights available at timeshare units in Australia in 2012, of which 873,890 nights were occupied, equating to an occupancy rate of 90.4%. This represented an increase in occupancy from 86.5% in 2009 (AECgroup, 2010).
Room occupancy at timeshare resorts was considerably higher than the 70.9% occupancy rate across all hotels and resorts in Australia in 2012 (ABS, 2013d), and also represented a slightly greater increase in occupancy rate between 2009 and 2012 (from 86.5% to 90.4%, compared to all hotels and resorts which increased from 67.2% to 70.9%).
There were an estimated 1,844 full-time equivalent (FTE) employees of timeshare sales, marketing, exchange and resort companies in Australia in 2012. These employees were paid an estimated $118.3 million in wages, salaries and commissions in 2012.
A total of $211.6 million was spent by guests/owners while holidaying using timeshare in Australia in 2012, with an average expenditure of $1,954 per travel party per trip. This represented an increase in total guest/ owner expenditure while holidaying using timeshare of 11% compared to 2009.
By comparison, total tourist expenditure in Australia increased by just 1% between 2008-09 and 2011-12, from $94.4 billion to $95.4 billion (Tourism Forecasting Committee, 2012).
AECGroup 2012 Economic Impact Study
Timeshare is the fastest growing segment of the tourism and leisure industry growing at 14% annually worldwide. (World Tourism Organisation)
The entry and success of branded hospitality players such as Disney, Marriott, Sheraton, Hilton etc in timeshare has acted as a strong catalyst for growth. The market is opening in India, Asia and Eastern Europe whilst steady growth continues in the US and Western Europe.
Beneficium, owner of resort and member management group Classic Holidays, has announced that it has reached an agreement on the ...