DUBLIN--(BUSINESS WIRE)--The "Vacation Ownership (Timeshare) Market: Industry Analysis & Outlook (2018-2022)" report has been added to ResearchAndMarkets.com's offering.
The global vacation ownership (timeshare) market suggested a healthy growth in 2017, owing to the factors such as urbanization, economic growth and favorable demographics. But most importantly, the market was driven by technological advancements brought up by resorts. A greater number of resorts have adopted new technologies to enhance their customers experience while their stay at resorts. Some resorts even added virtual reality experience for their customers. Apart from that, an increasing trend of business travel is also being seen globally, which is boosting the market to some extent.
The U.S. remained a stronger market for vacation ownership, owing to the higher concentration of key players of the market and increasing number of international tourists over there. In the U.S., there is a high demand for leisure and business travel, which is pushing the market upwards.
In terms of competition analysis, global vacation ownership market remained highly fragmented in 2017. There is a constantly increasing entrance of new players in the market due to the greater business opportunities. Though, the market is highly fragmented, key players of the market tend to consolidate with smaller players of the market.
Market Dynamics
Growth Drivers
- Increasing High Net Worth Population & Wealth
- Rising Internet Penetration
- Escalating International Tourism
- Rapid Urbanization
- Ameliorating Economic Growth
- Favorable Demographic
Key Trends & Developments
- Technological Advancements
- Increased Consolidation of Market Players
- Increasing Trend of Business Travel
- Increasing Focus on Health & Wellness
Challenges
- Stringent Regulations
- Seasonality & Cyclicality Risk
- Other Risks Associated with Vacation Ownership Industry
Key Topics Covered
1. Overview
2. Global Market Analysis
3. The U.S. Market Analysis
4. Market Dynamics
5. Competitive Landscape
6. Company Profiles
- Interval Leisure Group
- Wyndham Worldwide Corporation
- Marriott Vacations Worldwide Corporation
- BBX Capital Corporation
For more information about this report visit https://www.researchandmarkets.com/research/llkg63/vacation?w=4
