Full- and part-time employees (headcount).
Indirect effects are related to purchases from local suppliers by the Timeshare Industry and the subsequent rounds of supplier purchases in the local economy.
Induced effects are related to household consumption spending by direct and indirect employees.
Economic output is the broadest measure of economic activity and includes value added and total intermediate input purchases (supplier purchases). For most industries, economic output is equivalent to total revenues (production value).
All wages, salaries, and benefits (including employer-paid payroll tax/social insurance) received by employees. Labor income includes earnings of proprietors (self-employed income).
The ARDA 2024 Economic Impact of the Timeshare Industry on the U.S. Economy report shows the economic and tax contributions of the Timeshare Industry in 2023. NOTE: A national economic impact study was not conducted in 2024. The national figures shown below are from the 2023 study. 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.
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.
In 2021, state and market level data were based on the most recent studies conducted in 2020, 2017 and 2016 respectively.
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Year
Total Employment
Total Labor
Total Output
Total Taxes
Visitor Spending
Detailed Economic Impacts of the Timeshare Industry by Employment, Download
Comparison of Timeshare Industry Employment Multiplier to Selected Relevant Industries, Number of total employees per direct employee
Detailed Economic Impacts of the Timeshare Industry by Labor Income, (in Billions) Download
Average Annual Compensation by Industry Function, including payroll taxes and other benefits
Detailed Economic Impacts of the Timeshare Industry by Output, (in Billions) Download
Direct Economic Output Generated by Resort Operations, (In Millions) Download
Summary of Fiscal Impacts of the Timeshare Industry by Function, (in Millions) Download
Summary of Direct, Indirect, and Induced Fiscal Impacts of the Timeshare Industry by Tax Type, (In Millions) Download
Total Tax Contributions of the U.S. Timeshare Industry, (In Billions)
Detailed Vacation Expenditure Spending Data Download
Download Millions of dollars; Number of part- and full-time jobs
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