Vacation Ownership Sales Fell 5% in 2008
Monday, June 29th, 2009Among the vacation ownership sales leaders reporting in the recent Sales Leader Survey conducted by Vacation Ownership World magazine, timeshare ownership sales declined at a 5% rate from 2007. Fractional sales volume fell by 9%. This is the first time since the survey started in the early 80s that ownership sales have decreased.
The timeshare industry has been heavily impacted by the worldwide economic downturn and credit freeze. Despite the discouraging news, there was still more than $8.5 billion in vacation ownership sales in 2008. Wyndham Vacation Ownership led the way with $1.987 billion in sales followed by Marriott Vacation Club International with $1.163 billion and Hilton Grand Vacations with $585 million.
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