Timeshare and Secondary Residences - International - June 2019
Covered in this report
This report provides an overview and outlook for holiday accommodation, including timeshare and cross-border freehold property. The term ‘timeshare’ has taken on a wider meaning over the years and now includes a variety of holiday-lodging products and structures. Known also as ‘vacation ownership’, ‘holiday ownership’ or ‘interval ownership’, timeshares offer diverse forms of ownership or rights of use. The properties are typically resort condominium units in which multiple parties own rights to the use of the property. Each owner is allotted a period of time (typically one week and almost always the same time every year) in which they may use the property. However, in more upscale developments, such as fractional ownership schemes, the time period could be several weeks or even months. There are also private-residence clubs (PRCs) whereby the purchaser acquires the right to inhabit a portfolio of luxury properties in key locations around the world
“Looking out over the coming decade, two key trends emerge in the interval-ownership and secondary-residence universe. First of all, it is likely that the burgeoning accommodation rental platforms like Airbnb and Booking.com will take considerable share away from the traditional interval ownership sector in the Western world. Nevertheless, there is still great potential for the expansion of timeshare in China’s fast-growing leisure travel industry.”
- Jessica Kelly, Senior Tourism Analyst
This Report looks at the following areas:
- How is the interval-ownership market segmented?
- Which are the key players in the timeshare market by geographical region?
- How are macroeconomic (growth, interest rates, exchange rates) and geopolitical factors impacting the secondary-residence market?
- What has been the trend in the creation of HNWIs and UHNWIs?
- What has been the recent trend in property prices in key upmarket resort destinations?
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