Vacation ownership on the rise for the eighth straight year!

Some travelers have found the secret to vacationing better – timeshare! This is borne out in the U.S. timeshare industry, which enjoyed its eighth straight year of steady growth in 2017. According to a 2018 timeshare industry study for the American Resort Development Association (ARDA), vacationing with timeshare is strong and getting stronger.

In 2017:

Sales volume increased from $9.2 billion in 2016 to $9.6 billion in 2017, nearly a 4 percent increase and more than 26 percent increase since 2013.

Average occupancy rate was more than 81 percent, compared to a 65.9 percent hotel occupancy rate. Higher occupancy rate extends benefits beyond the resort itself and into the local surrounding markets and communities, such as spending at local restaurants, purchasing groceries for the fully-equipped in-unit kitchen, and purchasing gas for rental cars.

Rental revenue increased from $1.9 billion in 2016 to $2.3 billion in 2017, a 20 percent increase.

There were 1,570 timeshare resorts in the U.S., representing approximately 205,100 units.

About 72 percent of timeshare units are two bedrooms or more and the average unit size is over 1,000 square feet.

The average sales price was $22,180 per interval.

The average maintenance fee was $980, remaining relatively flat with a one percent increase over 2016.

Other interesting facts from the study were:

Thirty-four percent of resorts are beach resorts, making them the most common type of resort.

Thirty-five island resorts had the highest occupancy rate of nearly 90 percent.

Florida had the highest number of timeshare resorts with 373.

Nevada had the largest resorts with 249 units on average.

Consistency of cost is a timeshare hallmark, and while hotel room pricing continues to rise year over year since 2015, your Tahiti Resort vacation club in Las Vegas remained unaffected by market trends and subsequent supply and demand economics.

Ownership means you are never subject to the unpredictable pricing practices of opportunistic Las Vegas hotels, whose rates rise exorbitantly with each UFC event, mega boxing match or New Year’s Eve weekend.

Conversely, the cost of timeshare ownership remains steady and affordable, with property upkeep through the responsible application of maintenance fees the primary objective – not the wringing of every last dime out of the consumer.

As you’ve discovered, timeshare ownership at family friendly Tahiti Resort, a sunny island-themed property in Las Vegas, is a great bet. We are humbled and honored to count you among our numerous vacation club members. We take seriously our responsibility to provide you with a beautifully maintained property and look forward to helping you make wonderful vacation memories year after year.

Tahiti Resort Las Vegas earns RCI Gold Crown Resort® designation

Tahiti Resort Las Vegas is delighted to announce our designation as an RCI Gold Crown Resort for 2019. Only a select number of RCI-affiliated resorts meet RCI’s requirements for recognition and have earned the RCI Gold Crown Resort award. These resorts have attained high levels of excellence in resort accommodations, hospitality and member experience ratings as measured by RCI over the previous 12-month period.

“Setting a standard worthy of an RCI Gold Crown Resort property designation is something we put into practice daily in every area of our organization,” said Michael Masich, Tahiti Resort general manager. “That we’ve been recognized by RCI exchange members for providing excellent accommodations and customer service is a great honor. Continuing to maintain that standard is a great challenge and one we happily accept.”

RCI’s Resort Recognition Program helps ensure that  RC- affiliated resorts adhere to RCI’s standards for quality in accommodations, hospitality and member experience.

Achieving RCI Gold Crown Resort status is dependent almost exclusively on RCI member feedback through post-departure surveys. RCI visitors are asked to rate their experience on a 1 to 5 scale in the following areas:

Resort hospitality
Resort maintenance
Unit housekeeping
Unit maintenance

The fact we’ve been able to consistently earn high marks is testament to our team’s pride and work ethic, and we sincerely thank them for their efforts in helping us achieve this honor.