Timeshare News

5 Surprising Qualities Of Present-Day Timeshare Owners You Will Have To Read To Believe

September 13, 2018
Surprising Qualities Timeshare Owners

The average timeshare owner is changing and a new "normal" has emerged. The majority of timeshare owners are diverse, educated, and believe in long-term saving. There are timeshare options for people of all ages, families of all sizes and many different locations, but here are the top five qualities of present-day timeshare owners:

1) Diverse Young Families
Present-day timeshare owners are ten years younger than traditional owners, with thirty-nine years old being the median age. Seventy-nine percent of these owners are married and over half have children under the age of eighteen. Additionally, forty-two percent of new owners are African-American or Hispanic.

2) Educated and Employed
The median household income of new timeshare owners is over $90,000 with seventy-two percent working full-time. Twenty-three percent have graduate degrees and an astonishing seventy-two percent are college graduates.

3) Knowledgeable Buyers
New timeshare owners are researching before buying. Seventy-five percent had some sort of interaction with a timeshare resort before making their purchase. Almost half attended multiple presentations before making a decision and rented a timeshare first before buying.

4) Long-term Savers
These new owners are buying for their future. Thirty-six percent bought a timeshare to save money on future vacation and thirty-one percent purchased because of the flexibility.

5) Disposable Income
Present-day timeshare owners are no longer of a single background; young families of all backgrounds are now the top buyers of timeshares. They are diverse, are almost all employed full-time and have disposable income to comfortably purchase their timeshare.

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Don't be a victim of any unsolicited calls by companies offering to sell your timeshares and taking upfront fees. Beware of any company calling you and promising to modify or cancel your contract with your timeshare company.