Hawaii is known for its great beaches and as a vacation destination. It is also one of the havens of several timeshare resorts in the US. Recently, there’s a survey that shows that the flourishing Hawaii timeshare industry has high occupancy rates. Meanwhile, it helps support the state’s vacation industry throughout the recession.
In 2009, timeshares throughout this state were an average 90.8%. According to a new survey conducted by the Hawaii chapter of the American Resort Development Association (ARDA) which is a trade association representing vacation ownership and resort development industries, Hawaii hotels and condominiums were an average 66.5% full in 2009. Hotels and condominiums can be considered as counterparts of timeshares.
The said survey is called the “State of Hawaii Timeshare Industry Survey.” It included responses from 84.3% of all timeshares in Hawaii and was last published in August 2008. In recent years, there are several new hotel and resort development and construction in Hawaii. These include timeshares.
On the other hand, the survey indicates that Hawaii’s timeshare inventory has increased by 12% in two years to 8,608 units spread among 87 timeshare properties. Although we usually hear many owners trying to get out of their timeshares, according to the survey this industry is flourishing despite such challenges. It even outflanks hotels and condominiums which can be considered as competitors of timeshare properties.