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ARDA 2024 State of the Industry Report

TUGBrian

TUGBrian

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some interesting graphics!

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3+ billion in rentals... guess its ok to rent as long as owners arent doing it!

1752174627425.png
 
Now I can understand why timeshare sales employees lips are moving fast with untruth statements. Huge commission.

Plus, I can now see why Getaways Specials rentals have increased in price. Huge Profits.
 
this was an interesting one for me, id never given it much thought!

1752174881629.png
 
everyyyyone wants to visit florida... cant blame them...we are pretty awesome =)

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and if you ever wonder why a salesperson can legally say "timeshares increase in value every year!"

1752175131933.png
 
TUGBrian, there was an old Blue RCI directory catalog that name all the timeshare resort in RCi. Now he is the kicker: it named the total number of buildings at each resort and the total numbers of units/villas at each resort.

I can remember when Sheraton’s Vistana Resort in Florida was the largest timeshare resort in term of units; until Powhatan Plantation in Williamsburg ,Va took over the number 1 spot. I think my memory is correct.

I can remember when the Williamsburg Hotel Association stated that timeshare would never work in Colonial Williamsburg. They were wrong.
 
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TUGBrian said:
and if you ever wonder why a salesperson can legally say "timeshares increase in value every year!"

View attachment 112942
Click to expand...
That is really eye-opening. If they use that chart, they are either out of touch or really outright fibbing on "value" of an old timeshare. @chellej is hoping to give away a 3 bedroom prime summer at Twin Rivers and hasn't had a serious inquiry, and we paid $7,200 for a lesser week at the same resort in 1981. It's a giveaway, prime summer, Colorado Rocky Mountains week on a river and the same resort that was featured in the NY Times article with Rick and me on the deck, looking at that river.

Logically speaking, an old timeshare is old.

Are they saying that our old timeshare has increased in value? Ha! And our fees are low at Twin Rivers in Fraser, CO, on the Fraser river.
 
rickandcindy23 said:
That is really eye-opening. If they use that chart, they are either out of touch or really outright fibbing on "value" of an old timeshare. @chellej is hoping to give away a 3 bedroom prime summer at Twin Rivers and hasn't had a serious inquiry, and we paid $7,200 for a lesser week at the same resort in 1981. It's a giveaway, prime summer, Colorado Rocky Mountains week on a river and the same resort that was featured in the NY Times article with Rick and me on the deck, looking at that river.

Logically speaking, an old timeshare is old.

Are they saying that our old timeshare has increased in value? Ha! And our fees are low at Twin Rivers in Fraser, CO, on the Fraser river.
Click to expand...
The timeshare value for a developer selling a timeshare now have increase in price.

The timeshare value for an owner have decreased in value because of resale prices. IMHO.
 
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pedro47 said:
The timeshare value for a developer selling a timeshare now have increase in price.

The timeshare value for an owner have decreased in value because of resale prices. IMHO.
Click to expand...
But how do timeshare salespeople use this data?
 
TUGBrian said:
this was an interesting one for me, id never given it much thought!

View attachment 112937
Click to expand...
A "nit" and not a criticism - - I wonder if ARDA made a mistake on the MF average. Of the five different categories of units, the grand total is greater than any of the sub-averages. I don't think that this is possible. I think that the weighted average should be closer to $ 1376.

But thanks for posting. Good info in general.
 
rickandcindy23 said:
But how do timeshare salespeople use this data?
Click to expand...
they dont use THAT data, they simply utter the phrase to make owners think that the value of what they are buying will be worth more 10-20 years down the road....

"an investment!"
 
BJRSanDiego said:
A "nit" and not a criticism - - I wonder if ARDA made a mistake on the MF average. Of the five different categories of units, the grand total is greater than any of the sub-averages. I don't think that this is possible. I think that the weighted average should be closer to $ 1376.

But thanks for posting. Good info in general.
Click to expand...
I want to say that many of the figures did have footnotes at the bottom in the full report to indicate how many resorts were counted (nothing was from 100% of the resorts in the us)...and how some of the data was derived for the charts.
 
As of 2024 ... (not 2025)

Sales more or less flat from 2022 to 2024.

Delinquency about 10%.

Total interval week inventory down 5% since 2020.

MFs up significantly. Avg/week or week equivalent was $1480. Half of resorts surveyed expected 10% or greater increases in 2025.

Continued consolidation into fewer large developer and management companies.

Comments

No economy of scale noticed in MFs for large resorts vs small resorts. Perhaps because of additional amenities at the larger resorts?

They didn't specifically address legacy resorts in a separate section like some of the previous reports but I see a gloomy future for independent legacy resorts. This report has a delinquency rate industry wide at 10%, I know of a legacy multi resort manager who casually admitted 20% isn't uncommon.

This year we have seen quite a few legacy resorts calling it quits as timeshares. HICV, Festiva, CV and others too.
 
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