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Scope of the timeshare industry
The scope of today's timeshare industry in the USA is well-documented. The ARDA International Foundation ("AIF"), which is the research arm of the American Resort Development Association ("ARDA"), reports there are 1,604 timeshare resorts, with 154,439 units, in the USA as of January 1, 2006 (AIF 2006). Though reportedly fewer than six percent of U.S. households own a timeshare, the prevalence of timeshare ownership continues to expand (Scoviak 2005). Approximately 4.1 million households own one or more U.S. timeshare weekly intervals or points-equivalent as of January 1, 2006, an increase of five percent from the prior year (AIF 2006). About half of the resorts in the USA are currently selling timeshares, generating sales of $8.6 billion in 2005 (AIF 2006).
The global scope of the industry is not as readily quantified. Interval International, one of the two major timeshare exchange companies, reports there are 5,400 resorts in nearly 100 countries, with 2004 worldwide timeshare sales estimated at nearly $11.8 billion (Interval International 2006).
A market exists for the resale of timeshare intervals. Many of these can be found searching the Internet as well as an active market in the online auction sites such as that on eBay. Most management companies of individual timeshare resorts also have on-site resales offices which can assist you in selling your timeshare or purchasing additional weeks at the resale price. Some entrepreneurs allow donation of a timeshare for tax benefits.