State of the Vacation Timeshare Industry and Economic Impact

2022 AIF State of the Industry and Economic Impact Survey Report Tool

The ARDA 2022 Economic Impact of the Timeshare Industry on the U.S. Economy report shows the economic and tax contributions of the Timeshare Industry in 2021. Economic benefits of the Timeshare Industry extend beyond the timeshare resorts and includes impacts from sales and marketing offices, corporate operations, the construction of new resorts and the renovation of existing resorts, and vacationers spending money during timeshare stays. The benefits are summarized in terms of direct and indirect and induced economic and fiscal impacts. The direct impacts are generated through spending by the timeshare industry and its employees. The indirect and induced impacts are from increased activity among suppliers and higher spending by employees due to increased incomes.
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Economic and tax benefits of the Timeshare Industry for select state and local markets are shown below. Economic benefits of the Timeshare Industry extend beyond the timeshare resorts and includes impacts from sales and marketing offices, corporate operations, the construction of new resorts and the renovation of existing resorts, and vacationers spending money during timeshare stays in that state. State and market level data were based on the most recent studies conducted in 2020, 2017 and 2016 respectively.
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US
Timeshare Impacts
State & Market
Timeshare Impacts


Total Employment

441,215


Total Labor

$29.3 Billion


Total Output

$73.1 Billion


Total Taxes

$10.7 Billion


Visitor Spending

$4.56 Billion

Detailed Economic Impacts of the Timeshare Industry by Output, 2021
(in Billions)

Detailed Economic Impacts of the Timeshare Industry by Employment, 2021

Detailed Economic Impacts of the Timeshare Industry by Labor Income, 2021
(in Billions)

Detailed Economic Impacts of the Timeshare Industry by Taxes, 2021
(in Millions)

Comparison of Timeshare Industry Employment Multiplier to Selected Relevant Industries, 2021
Number of total employees per direct employee

Average Annual Compensation by Industry Function, 2021
including payroll taxes and other benefits

Total Tax Contributions of the U.S. Timeshare Industry, 2021
(In Millions)
$10,657 Total Taxes

Direct Economic Output Generated by Resort Operations, 2021
(in Millions)

Detailed Vacation Expenditure Spending Data

Average per Party
Vacation Spending Data On-site Spending Off-site Spending Total Spending Total Off-site Spending ($ Billion)
Air Transportation Services - $428 $428 $1.30
Entertainment and Recreation $103 $100 $203 $0.30
Hotels and Motel Services, Inc. Casino Hotels $237 $207 $444 $0.63
Restaurant, Bar, and Drinking Place Services $74 $95 $169 $0.29
Clothing and Clothing Accessories $75 $99 $173 $0.30
Groceries $83 $88 $171 $0.27
Ground Transit - $60 $60 $0.18
Gasoline Stations - $110 $110 $0.33
Miscellaneous $38 $35 $73 $0.11
Rental Cars - $126 $126 $0.38
Theme Parks & Museums $58 $81 $138 $0.25
Fitness & Sports $87 $74 $161 $0.23
Total $754 $1,502 $2,256 $4.56
Average Spending Per Person $193 $385 $578
Output Direct Indirect & Induced Total
Industry Operations $23.4 $39.7 $63.1
Resorts $13.3 $22.3 $35.6
Corporate $5.0 $8.6 $13.5
Sales and Marketing $5.2 $8.8 $14.0
Vacation Expenditures $3.4 $5.1 $8.6
Capital Expenditures $0.5 $0.9 $1.4
Total $27.3 $45.7 $73.1
Employment Direct Indirect & Induced Total
Industry Operations 155,210 223,215 378,425
Resorts 87,220 130,042 217,262
Corporate 30,937 45,064 76,001
Sales and Marketing 37,053 48,109 85,162
Vacation Expenditures 30,365 25,846 56,212
Capital Expenditures 2,418 4,161 6,578
Total 187,993 253,222 441,215
Labor Income Direct Indirect & Induced Total
Industry Operations $10.6 $15.4 $26.0
Resorts $4.6 $9.9 $14.5
Corporate $2.6 $2.8 $5.4
Sales and Marketing $3.4 $2.8 $6.2
Vacation Expenditures $1.3 $1.6 $2.9
Capital Expenditures $0.2 $0.3 $0.4
Total $12.0 $17.3 $29.3
Taxes Federal Taxes State Taxes Local Taxes Total Taxes
Resorts $2,930 $1,245 $1,823 $5,998
Corporate $1,046 $367 $255 $1,668
Sales & Marketing $1,203 $422 $293 $1,918
Vacation Expenditures $559 $208 $165 $932
Capital Expenditures $84 $33 $26 $142
Total $5,822 $2,274 $2,561 $10,657

Summary of Direct, Indirect, and Induced Fiscal Impacts of the Timeshare Industry by Tax Type, 2021
(In Millions)

Federal Taxes State Taxes Local Taxes Total Taxes
Property Tax - $67 $1,825 $1,892
General Sales Tax - $600 $213 $813
Occupancy Tax - $198 $306 $504
Excise Taxes $81 $283 $67 $431
License Taxes - $102 $4 $106
Corporate Income Tax $690 $168 $17 $876
Individual Income Tax $3,188 $798 $67 $4,053
Medicare and SSI tax $1,749 - - $1,749
Misc. taxes $114 $57 $61 $232
Total Taxes $5,822 $2,274 $2,561 $10,657
Employment Multipliers
Timeshare related
Other sectors'
Overall timeshare
Amount
Economic Output
Rental Revenue $2,246
Maintenance Fees $9,453
On-site Consumer Spending $1,572
Direct Economic Output $13,270
Select one of the highlighted states or markets, also listed below, to view its economic contributions.
Arizona California Florida Hawaii Las Vegas Missouri Orlando South Carolina Tennessee Virginia

Arizona
Millions of dollars; Number of part- and full-time jobs

Florida
Millions of dollars; Number of part- and full-time jobs

State of Hawaii
Millions of dollars; Number of part- and full-time jobs

Impact Direct Indirect & Induced 2019 total
Employment 14,709 11,986 26,696
Labor income $1,122 $628 $1,749
Output $2,647 $1,614 $4,261
State & local taxes $174 $21 $195
2019
Number of Resorts Number of Units Average Spending Per Party
101 13,746 $4,307

Missouri
Millions of dollars; Number of part- and full-time jobs

South Carolina
Millions of dollars; Number of part- and full-time jobs

Tennessee
Millions of dollars; Number of part- and full-time jobs

Virginia
Millions of dollars; Number of part- and full-time jobs

Orlando
Millions of dollars; Number of part- and full-time jobs

NOTE: This study examined resorts in the Orlando-Kissimmee-Sanford MSA, which consists of Lake, Orange, Osceola, and Seminole Counties.

Las Vegas
Millions of dollars; Number of part- and full-time jobs

NOTE: This study examined resorts in the Las Vegas-Paradise MSA, which consists of Clark County.

California
Millions of dollars; Number of part- and full-time jobs

There is no data available for this state, please select a yellow colored state or blue market.

Please select a yellow colored state to view its data.