
A diverse panel of executives representing the timeshare industry visited Rosen College on Wednesday to share insight and interact with students interested in vacation ownership careers. They indicated that despite difficulties in the past, the timeshare business is undergoing a major transformation, supported by incredible growth even in a weakened economy.
The Analysis of the Global Shared Vacation Ownership Industry reported approximately 473,000 individuals were employed in the timeshare industry worldwide — and there’s room for growth, particularly in Florida, which is home to 20% of the resorts in the United States.
The local economic benefits of vacation ownership also are substantial. According to the Economic Impact of the Timeshare Industry on the U.S. Economy, 2012 Edition, timeshare visitors spent an average of $1,785 per travel party during their vacations in Orlando. Based on this spending level and an estimated number of travel parties, visitors spent an estimated $363 million at Orlando area timeshare resorts and $1.3 billion at other businesses (outside of timeshare resorts), totaling $1.6 billion in consumer spending.
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