Vacation Ownership Terminology
Vacation ownership is one of the most dynamic segments of the hospitality industry, having grown to $10 billion in annual U.S. sales.* Because it gives consumers the ability to purchase their future vacations in quality accommodations without the commitment and expense of owning a second home, interest in vacation ownership continues to grow, worldwide.
Today, millions of people choose vacation ownership as their preferred way to vacation. There is an offering to fit every prospective owner's needs, including various forms of traditional timesharing, fractional resorts, condo-hotels, and private residence clubs. Interval International has established an unparalleled network of quality resorts of all kinds in the world's most desirable vacation destinations.
The industry is rich in potential, both for established developers and those entering the market. As always, Interval International - leading the industry with experience, vision, and expertise - is the best resource at every stage of the development process.
*Source: State of the Vacation Timeshare Industry: United States Study, 2007 Edition; ARDA International Foundation (prepared by Ernst & Young).
