According to the research report titled ‘Global Vacation Ownership (Timeshare) Market: Analysis By Type, By End Users, By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) - By Region (North America, Central & South America, Caribbean, EMEA, Asia-Pacific), By Country available with Market Study Report, global vacation ownership (timeshare) market is expected to experience a CAGR of 7.05% during 2018-2023.
 

Global vacation ownership (timeshare) market is growing rapidly on the back of surging international tourist arrivals, evolving vacation preferences, spike in high net-worth population and increasing consolidation among market players worldwide.
 

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Based on type, global vacation ownership (timeshare) industry is segmented into travel clubs and fractional.  With respect to the end users, the industry is divided into private and group. With regards to the product type, the industry is segmented into point-based ownership and week-based ownership.
 

As per the report, point-based segment is projected to register significant growth over the forecast period, due to rising popularity of vacation ownership among millennials and improved decision-making flexibility. Benefits like access to VIP weekends, luxury stays, and club location choices are expected to boost the segmental share. Furthermore, growing importance of family time along with surging family tourism will foster the demand for shared vacation ownership.
 

Considering the regional terrain, the market is segmented into Asia-Pacific, Central & South America, Caribbean, EMEA, and North America. The report cites that North America held the largest market share in 2018. Factors like rising trend of social media sharing along with growing leisure tourism, and increase in health & wellness travel are contributing to North America vacation ownership market.
 

Key players in global vacation ownership (timeshare) market are Wyndham Destinations, Hilton Grand Vacations, Marriott Vacations Worldwide, Diamond Resorts, Bluegreen Vacations, Disney Vacation Club Management Corporation, Interval International, and Westgate Resorts.