Hawaii Timeshares Boost Hawaiian Tourist Trade
Thursday, August 25, 2005
Timeshares on the Hawaiian Islands prove especially stimulating to the local economy, according to recent findings.
According to a recent article, Hawaii’s tourism industry is experiencing record growth this year. What is more interesting to note is that timeshare owners receive much of the credit for this development.
This article went on to state that the number of timeshare owners who visit Hawaii annually is estimated to be around 500,000. The average price of a Hawaiian timeshare was given at $26,000, which may seem a bit low, though data here might reflect prices in the resale market.
A high-level Hilton Grand Vacations Club representative remarked that the level of occupancy in time-sharing unts can sometimes surpass that of hotel rooms/suites rented on a nightly basis. He also remarked on the exchange value of Hawaii timeshare, which is more valuable than timeshare in any other location in the world. Local residents even buy Hawaii timeshares, often solely for their exchange value.
Timeshare is becoming more and more entrenched in tourism-based economies everywhere. In a few years, it could become the backbone of Hawaii’s tourism industry. Under the aegis of a number of large resort companies, new Hawaii timeshare resorts are scheduled for construction in the years to come. This reflects the growing number of large hotel brands realizing the profit-making potential of timeshare, and increased consumer confidence in the product itself.
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