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Vacation Ownership Proves Resilient in Tough Economy

According to a study done by Grant Thornton on behalf of the Vacation Ownership Association of Southern Africa (VOASA), vacation ownership resorts – e.g. timeshare, fractional ownership and private residence clubs – had an average annual occupancy rate of 80,5% in 2010. This figure remained fairly stable from 2009 when occupancies were 81,4%.

The results of the study are based on surveys conducted on 99 timeshare resorts and 12 410 existing timeshare owners between November 2010 and March 2012.

“Vacation ownership is a major player in the domestic tourism market, especially for families. This is one of the main factors that made it so appealing in the period under review, which was characterised by economic hardship for many around the world,” says Bernadine Galliver, Senior Consultant at Grant Thornton Strategic Solutions.

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