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What is the current size and annual growth rate of the vacation ownership market?
The vacation ownership market size has grown strongly in recent years. It will grow from $19.03 billion in 2024 to $20.75 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increasing awareness of vacation ownership benefits, growth of millennial travelers, rising number of vacation ownership resorts, rising popularity of fractional ownership, increasing leisure time.
The vacation ownership market size is expected to see strong growth in the next few years. It will grow to $28.97 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing disposable income, growing middle-class population, rising travel and tourism industry, increasing demand for luxurious and comfortable vacation experiences, expanding urbanization. Major trends in the forecast period include advancements in technology, consumer shift to experiential travel, availability of financing options, collaboration between hospitality and real estate industries, development of new business models.
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Vacation Ownership Market Report 2025
Which major factors have contributed to the expansion of the vacation ownership market?
The increasing international tourism is expected to propel the growth of the vacation ownership market going forward. International tourism refers to travel undertaken by individuals to countries other than their own for leisure, business, or other purposes, and encompasses the entire experience from the planning and journey to the activities and services enjoyed while abroad. International tourism is rising due to increased global connectivity, higher disposable incomes, and growing interest in diverse cultural and travel experiences. Vacation ownership is required for international tourism as it offers travelers a cost-effective and flexible way to secure high-quality accommodations in desirable destinations, ensuring a consistent and enjoyable experience abroad. For instance, in May 2023, according to a report published by the United Nations World Tourism Organization, a Spain-based specialized agency, In the first quarter of 2023, international tourist arrivals surged to 80% of pre-pandemic levels, totaling around 235 million travelers. This marked a more than twofold increase compared to the same period in 2022. The tourism sector showed impressive resilience, with revised figures for 2022 indicating that over 960 million international tourists traveled abroad, representing a recovery of 66% of pre-pandemic levels. Therefore, the increasing international tourism is driving the growth of the vacation ownership market.
How is the vacation ownership market segmented?
The vacation ownership market covered in this report is segmented –
1) By Type: Fixed Week, Floating Week, Points-Based System
2) By Tour Type: Domestic, International
3) By Booking Channel: Phone Booking, Online Booking, In-Person Booking
4) By Application: Private, Group
Subsegments:
1) By Fixed Week: Single Fixed Week, Multiple Fixed Weeks
2) By Floating Week: Single Floating Week, Multiple Floating Weeks
3) By Points-Based System: Vacation Points, Travel Club Points
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Vacation Ownership Market Report 2025
Who are the top competitors in the vacation ownership market?
Major companies operating in the vacation ownership market are Marriott International Inc., Accor Vacation Club, Hilton Grand Vacations Inc., InterContinental Hotels Group (IHG), Travel + Leisure Co., Wyndham Hotels & Resorts Inc., Grupo Vidanta, Westgate Resorts, Bluegreen Vacations LLC, The Ritz-Carlton, RCI (Resort Condominiums International), Vistana Signature Experiences Inc., Diamond Resorts International Inc., Holiday Inn Club Vacations Inc., Interval International, Inc., Central Florida Investments Inc., Grand Pacific Resorts Inc., Welk Resort Group, Shell Vacations LLC, HV Global Management Corp., Silverleaf Resorts Inc., Disney Vacation Club, Karma Resorts Pte Ltd., Four Seasons Residence Club, Sierra Corp.
Which key trends are expected to influence the vacation ownership market in the coming years?
Major companies operating in the vacation ownership market are developing technologically advanced platforms, such as owner recognition platforms, to enhance customer experience and streamline management processes. An owner recognition platform is a system designed to identify and acknowledge individuals’ ownership rights and status, often within contexts such as vacation ownership, real estate, or loyalty programs, to facilitate personalized services and benefits. For instance, in July 2024, Marriott International Inc., a US-based hospitality company, launched the ONVIA, residence owner recognition platform. The ONVIA platform is a fully integrated and comprehensive Residence Owner recognition system, designed to enhance experiences across various contexts, from stays at Marriott Bonvoy hotels and The Ritz-Carlton Yacht Collection to daily life within their residence. It not only builds on existing benefits for residence owners but also introduces a range of tailored offerings, providing a unique and elevated level of service.
Which regional trends are influencing the vacation ownership market, and which area dominates the industry?
North America was the largest region in the vacation ownership market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vacation ownership market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Vacation Ownership Market Report 2025 Offer?
The vacation ownership market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Vacation ownership is a model of vacation property ownership where multiple individuals share ownership of a property, typically a resort or vacation home. Every owner is entitled to use the property for a certain amount of time each year. Vacation ownership aims to provide a cost-effective way for people to enjoy high-quality vacation experiences annually, without the full burden of owning a vacation property outright.
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Vacation Ownership Market Report 2025
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