Over the past three decades, the emergence of global hotel chains into the vacation ownership arena has dramatically changed the face of the industry, which is today led by the most respected hospitality players such as Marriott, Hyatt, Hilton, Sheraton, Disney, Wyndham, Ritz-Carlton and Four Seasons.
Spacious condominium-style accommodations with a wide array of resort amenities and first-class service that is synonymous with internationally recognised brands, has heightened the awareness of vacation ownership as a viable and credible vacation choice that opens doors and makes the world your playground.
Similarly, in South Africa hotel chains such as Tsogo Sun and Sun International have done their part to grow the vacation ownership market. Some hotels have also converted entirely to timeshare – such as Umhlanga Sands, Beacon Island Hotel, Breakers and Bushman’s Nek – while others have supplemented or partially converted their rooms. These include Champagne Sports Resort, Drakensberg Sun, Sabi River Sun, Sanbonani, Drakensberg Gardens and Avalon Springs.
According to the 2016 worldwide Oxford Economics Industry Study conducted across 121 countries, the timeshare industry now spans the globe with 5 491 resorts, 27.7 million weeks, 194 million room nights and annual sales of $19.7 billion. By traveling to these resorts, holidaymakers make a positive impact on the global economy by supporting nearly 1.3 million jobs and generating $146 billion in economic output. This is a truly global industry, of which South Africa is ranked the 5th highest country for vacation ownership and 4th in terms of future purchase interest.
Because of its ability to offer luxury vacations at affordable prices, vacation ownership continues to attract new owners who want to be a part of this lifestyle. Millions of families across the globe enjoy the benefits of shared vacation ownership each year, proving that now is the right time to become an owner.