The timeshare industry was founded to create opportunities for owners to access highly sought-after destinations and stay in world-class accommodations. Timeshare resorts often allow for multi-room villas with all the modern conveniences and comforts of home like fully-equipped kitchens, separate bedrooms, laundry, and so much more.
For over 40 years, the timeshare industry has continued to evolve and innovate in order to be at the forefront of a changing environment and to provide owners and customers with new and exciting products and experiences. Today, the timeshare product is so much more than spacious accommodations with fun-filled amenities. Owners can utilize their memberships for cruises, car rentals, hotel stays around the world, exclusive culinary experiences, coveted concerts, and even sporting events.
With endless flexibility, timeshare is the best way to vacation.
Some facts about the timeshare industry
- The timeshare industry is made up of some of the most recognisable names in hospitality such as Holiday Inn, Disney, Hilton, Marriott, Wyndham and locally Southern Sun, Sun International and Legacy Hotels & Resorts to name a few.
- Owners love their timeshare vacations. 90% of owners are happy with their timeshare, and 82% would recommend timeshare ownership – according to the latest research conducted by the American Resort Development Association (ARDA)
- Timeshare has an enormous economic impact on local communities. In 2021, the timeshare industry employment contribution was 441,215 jobs, and the industry supported a total economic output of $73.1 billion.
Want to learn more about the timeshare industry?
Contact the Vacation Ownership Association of South Africa (VOASA)