Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe business of timesharesMore than 10 million U.S. households own a timeshare, and the average sale price and annual maintenance fee was about $24,000 and $1,200, respectively, in 2022.
Companies that dominate the $10.5 billion-a-year industry are Wyndham Destinations, Marriott Vacations Worldwide, Hilton Grand Vacations and Westgate Resorts.
But the Better Business Bureau has received about 3,000 complaints for the three largest public companies since 2021, and one study found that 85% of owners regret their purchase.
Organizations:
Companies, Wyndham, Marriott, Hilton, Westgate Resorts