The North American Timeshare Market Slumped 38 percent in Year to Year Sales
The North American timeshare market slumped 38 percent in year to year sales, according to the European based Ragatz Associates. Ragatz research indicates that timeshare sales in a specifically analyzed 104 active projects in the US, Canada, Mexico, and the Caribbean dropped from $860 million in 2009 to $530 million in 2010. The analyst who spearheaded the research said that the drop resulted from a variety of factors, such as the uncertainty in US economic stability, an almost complete lack of consumer financing, and an overload of significantly discounted whole ownership vacation homes on the market. The figures represent the latest in a series of drops reflecting the ongoing trials of the US economy. On the bright side, timeshare ownership fared better than full ownership residence sales, which fell 60 percent during the same period.
