Travel in 2010 and beyond (White Paper)

 
The ‘noughties’ was a landmark decade for the travel industry. New, far flung destinations such as Thailand, Vietnam and Mexico exploded onto the mainstream and previously exclusive destinations such as the Maldives and Caribbean became more accessible to the masses. Budget airlines changed the way that people think about their weekends, opened up a whole host of destinations in the former Eastern Bloc, and made second home ownership possible for millions. Right at the start of the decade, the events of 9/11 changed flights forever and ultimately made many middle-eastern destinations no-go zones in the eyes of many.


Trends in European Fractional Real Estate 2009

NorthCourse Report, April 2009Consumer trends

  • Minimum disposable annual household income €90,000 p.a
  • 49% state their travel patterns will not change over the next 12 months
  • 34% state that fractional ownership would best suit their personal lifestyles (32% state hotels and 34%, rented apartments)
  • 46% are likely to buy a fractional residence

Destinations



The European Timeshare Industry 2008

Key Findings for 2007

General characteristics of the timeshare industry in Europe



Cruise Industry Overview 2008

  • 12.6 Million passengers (worldwide) took a cruise in 2007 with 12.8 Million passengers estimated for 2008
  • Cruise Industry is the fastest growing category in the travel industry with an annual passenger growth rate of 8% p.a.
  • The average length of a cruise is 7 days
  • Utilization is constantly over 100%
  • 35 new state of the art ships are contracted or planned to be added through 2012.


2002 Worldwide Timeshare Statistics

The figures below have been kindly provided by Ragatz Associates, a business unit of RCI, and are extracted from their “Resort Timesharing Worldwide: 2003 Edition Summary Report”.

Worldwide



The European Timeshare industry in 2001

  • 1452 resorts in 25 countries in Europe.
  • These resorts contain 83 026 units.
  • The average resort comprises 57 units.
  • Some 200 000 European citizens are employed as a result of timeshare’s economic activity.
  • 1.4 million families own timeshare in Europe.
  • Around 620 companies operate wholly or exclusively in the sector, and have a combined estimated turnover of € 2385 million.
  • The industry accommodates approximately 60-70 million bednights.