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.
Las Vegas-based Diamond Resorts International®, a global leader in the hospitality and vacation ownership industries, has announced that the company ...
Tourism Australia has opened registration for four free-of-charge industry briefings: in read more...