When you consider that there are 750 000 timeshare owners in South Africa and over 20 million globally enjoying annual vacations year after year, you begin to realise that timeshare (also known as shared vacation ownership) is a booming industry. 2017 was recorded as one of the best years globally, with 5 491 resorts and annual sales of over $19.7 billion.
But what’s fuelling the industry’s growth?
The official voice of the timeshare industry in South Africa, the Vacation Ownership Association of Southern Africa (VOASA), reports flexibility and the wide variety of sought after locations are big draw cards.
Here’s some more of the leading reasons why timeshare remains the preferred vacation choice, especially among millennials and young families seeking quality vacations that are affordable.
1. Reputability – presence of global hospitality brands
Internationally recognised brands such Disney, Marriott, Hyatt, Hilton, Sheraton and Wyndham entered the timeshare market in the 1990’s and have over the past 3 decades changed the face of the industry. Locally, Tsogo Sun, Sun International and Legacy Hotels and Resorts are among the timeshare companies that are actively engaged in growing the South African market.
2. Timeshare saves you money
By paying for a number of years holidays upfront at today’s prices, you are safeguarding your holiday costs against inflation and peak season rates. If you calculate the expense of owning and maintaining a holiday home that is only used once or twice a year, it makes financial sense to share the cost between several owners.
3. Holiday whenever and wherever you want – and more regularly
You don’t have to go back to the same place at the same time year after year. There’s lots of choice in where and when to travel locally or abroad, the duration of your vacation and the size of your accommodation. A recent global Oxford Economics Study revealed that South African timeshare owners spend 6.5 more days a year on holiday than their non-owner counterparts, which means that vacation ownership guarantees that you will vacation at least once a year and ensures you take future vacations.
4. There’s no hefty accommodation bill at the end of your stay
While other holidaymakers may be feeling the anxiety of a hefty accommodation bill at the end of their stay, shared vacation owners can smile because timeshare allows you to pick up when the mood strikes and alleviates the stress of needing sufficient cash to pay for accommodation on the spur of the moment.
5. There’s no gambling with your accommodation
Exploring new destinations can be a gamble if the accommodation does not live up to its promises. But with the consistent quality of shared vacation ownership, your home-like accommodations with full facilities is a sure bet, allowing plenty of luxurious space for togetherness and enough room for privacy.
Time to experience a timeshare vacation? Then browse our world-class resorts and accommodations that you could be visiting on your next vacation at voasa.co.za./resorts.
