Timeshare sales to hit record $9.5 billion this year

The timeshare industry continues to be the fastest growing sector of the global travel industry with more than 6.7 million timeshare owners and sales of almost $9.5 billion, according to Patrick E. Dougherty, owner of Timeshares United which handles timeshare properties worldwide (www.timesharesunited.com).

“The U.S. and especially Florida, is particularly hot at the moment and Orlando continues to be the family vacation capital of the world. The weakness of the dollar against many of the world’s currencies means that overseas buyers are snapping up fantastic bargains. More than 3 million people have a timeshare property in the U.S. There never has been a better time to get into the timeshare market,” he said.

“Timeshare has come a long way in the last 20 years and for the last seven years has been the fastest growing segment of the travel industry. It is now one of the most regulated industries in the U.S. Every state has strong legislation governing the industry and protecting consumers so they can now buy with confidence,” said Dougherty.

“With timeshare ownership available for less than $2,000 a week, buying makes a lot of sense to many people. For about the price of just one vacation, you have a deeded luxury property you can use for years and years to come.”

“Many people don’t want to spend hundreds of thousands of dollars buying and furnishing their own holiday villa and why continue to pay for hotels year after year,” he added.

“Another major advantage of timeshare is that if you don’t want to use your property one year, you can rent it or you can choose to stay at any one of 5,000 other resorts in 90 countries around the world. And you are sitting on an asset that you can sell at any time if you need to,” said Dougherty.

“Florida continues to be one of the most popular timeshare destinations for the British because of the year-round sunshine, high standard of living, service and courtesy in shops, restaurants and elsewhere that has long since disappeared in the UK and the very favorable pound-dollar exchange rate. After Florida, the most popular timeshare states are South Carolina, California, Hawaii and Colorado. Other hot spots are Las Vegas, Arizona and Mexico,” he said.

“However, it doesn’t matter where you want to buy, lease or rent timeshare properties. There are great deals to be had around the world with financing available through Timeshares United team of finance partners.

“We expect 2005 will be a record year for timeshare sales globally and that the market will do even better next year,” he added.


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