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Study highlights timeshare industry’s US$69 billion contribution to US economy

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9 Oct 2010

Study highlights timeshare industry’s US$69 billion contribution to US economy

A recent economic impact study published by the American Resort Development Association (ARDA) concludes that the timeshare industry in the US generated an estimated US$69 billion of economic output in 2009.

 

The report, developed in association with Ernst & Young, also highlights other benefits the timeshare industry brought to the American economy, such as the creation of 465,800 full- and part-time jobs, or generating more than US$22 billion in income and nearly US$8.4 billion in tax contributions.

 

“The contribution of the timeshare industry on local economies goes beyond the resort footprint,” said Howard Nusbaum, ARDA president and CEO. “In addition to sales and corporate operations, development of new resorts and renovation projects, it also includes the impact of expenditures from vacationers during timeshare stays.”

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