Celebrities are influencing travel, with Taylor Swift's song "Florida" piqued the interest of Swifties with the lyric "timeshares down in Destin." However, millennials have been ahead of the game and buying timeshares, according to a survey conducted by Club Wyndham. Timeshares are shared vacation properties that allow each owner to use the home for a specific amount of time annually, making them an excellent option for those seeking a second or vacation home at a smaller price point.
Lodging accounts for a large portion of the vacation budget, so timeshares help travelers avoid the hours spent researching a place to stay. The average timeshare owner is 39, and half of the owners are millennials and Gen Z. These generational groups account for 53% of new timeshare purchases.
The average price of a timeshare is $23,940, with annual maintenance fees for landscaping, pool upkeep, and repairs. Timeshares are more inclusive than they used to be, offering customization-based interests, such as guided tours, outdoor adventures, cruises, and luxury campsites. Millennials also love to save money through bundle packages and subscription services, such as Marriott Vacation Club's specialty packages for sports fanatics and music lovers.
Club Wyndham is known for their flexibility, allowing timeshare holders to use points to plan small getaways or huge trips to multiple destinations each year. It is also the largest vacation ownership company, providing over 200 resorts to choose from globally, allowing travelers to get the benefits of a timeshare without being committed to the same property every time.
Timeshares are a fan favorite among millennials because they have more opportunities to travel than previous generations due to the rise in work-from-home positions or roles with unlimited paid time off. According to the American Resort Development Association (ARDA), 93% of timeshare owners have already made a reservation for their next vacation. Millennials see travel as a form of self-care, making it a priority.
Lodging accounts for a large portion of the vacation budget, so timeshares help travelers avoid the hours spent researching a place to stay. The average timeshare owner is 39, and half of the owners are millennials and Gen Z. These generational groups account for 53% of new timeshare purchases.
The average price of a timeshare is $23,940, with annual maintenance fees for landscaping, pool upkeep, and repairs. Timeshares are more inclusive than they used to be, offering customization-based interests, such as guided tours, outdoor adventures, cruises, and luxury campsites. Millennials also love to save money through bundle packages and subscription services, such as Marriott Vacation Club's specialty packages for sports fanatics and music lovers.
Club Wyndham is known for their flexibility, allowing timeshare holders to use points to plan small getaways or huge trips to multiple destinations each year. It is also the largest vacation ownership company, providing over 200 resorts to choose from globally, allowing travelers to get the benefits of a timeshare without being committed to the same property every time.
Timeshares are a fan favorite among millennials because they have more opportunities to travel than previous generations due to the rise in work-from-home positions or roles with unlimited paid time off. According to the American Resort Development Association (ARDA), 93% of timeshare owners have already made a reservation for their next vacation. Millennials see travel as a form of self-care, making it a priority.
