Enhanced marketing strategies and increase in awareness about timeshare ownership offers remunerative opportunities for the expansion of the global vacation ownership (timeshare) market. NEW CASTLE, Del. , Aug.
30, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, " Vacation Ownership (Timeshare) Market by Type (Fixed Week, Floating Week and Point-based Week), Tour Type (Domestic and International), and Tourist Type (Independent Traveler and Tour Group): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the vacation ownership (Timeshare) industry market was valued at $12.2 billion in 2023, and is estimated to reach $25.
1 billion by 2032, growing at a CAGR of 7.9% from 2024 to 2032. Prime determinants of growth The global vacation ownership (timeshare) market is experiencing growth due to several factors such as increase in disposable income to afford luxury vacations, rise in demand for flexible vacation options, and modern consumers increasingly prioritizing experiences over possessions.
However, rise in regulatory complexities and compliance with consumer protection hinders the market growth. Request Sample Pages: https://www.alliedmarketresearch.
com/request-sample/A54907 Report coverage & details: Buy this Complete Report (219 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/vacation-ownership-market/purchase-options The fixed week segment held the highest market share.