Developments - American Resort Development Association
Developments - American Resort Development Association Developments - American Resort Development Association
Facts at a glance The American Resort Development Association The American Resort Development Association (ARDA) is the Washington, D.C.-based professional association representing the vacation ownership and resort development industries. Established in 1969, ARDA has nearly 1,000 members ranging from privately held firms to publicly traded companies and international corporations with interests in timeshare resorts, community development, fractional ownership, and resort communities. The membership also includes timeshare owner associations (HOAs), resort management companies, and owners through the ARDA Resort Owners Coalition (ARDA-ROC). ARDA promotes the growth and development of the timeshare industry through a variety of capacities: Advocacy Actively involved in local, state, and national governmental affairs, ARDA monitors regulatory issues that effect timeshare. ARDA actively engages in lobbying efforts focused on the establishment of a legislative environment that fosters industry growth and further enhances consumer confidence and protection. Networking ARDA offers industry professionals educational and networking opportunities through its annual ARDA Convention and Exposition, the ARDA Fall Conference, committee meetings, and a variety of regional educational seminars offered each year. Business Partnerships/ Bridge-Building Through alliances with organizations in related and complementary industries in North America and overseas, ARDA pursues business and growth opportunities on behalf of its members. Outreach ARDA reaches out to myriad audiences with news of the bright future and positive economic impact of the timeshare industry and the increasingly diverse and attractive vacation ownership opportunities now available to consumers. Knowledge Through a variety of informational tools, including published research summaries, news updates and e-mail alerts, Developments magazine, and its Web site, ARDA shares market intelligence and keeps its members informed of industry trends and current events. Support and Development The ARDA International Foundation (AIF) offers professional and educational development through publications covering the industry’s ethical, legal, regulatory, and operational intricacies; study courses; tests that assess industry knowledge; and recognition of continuing educational efforts. For more information about ARDA, visit the Web site at www.arda.org or contact the association headquarters at (202) 371-6700. American Resort Development Association • 1201 15th Street, NW, Suite 400, Washington, DC 20005 • Phone (202)371-6700 • Fax (202)289-8544 • www.arda.org
The timeshare industry The timeshare industry • 1,629 resorts in the United States • Most resorts Florida (23%) California (9%) South Carolina (7%) • $9.7 billion U.S. timeshare sales volume in 2008 • $20,152 the average price for a week of timeshare use in the U.S. in 2008 • $646 per week of annual use is the average maintenance fee in the U.S. (weighted) • 7.0 million timeshare weeks owned in the U.S. • 182,100 timeshare units in the U.S. • 112 units is the average size of timeshare resort in the U.S. About today’s owners • Average age is 53 years • 78% are married • 90% own their home • $72,900 is the median household income • 50% are college graduates or hold a graduate or professional degree Purchase motivation Why buy timeshare? • Overall flexibility • Certainty of quality accommodations • Location of the resort • Save money on future vacation costs • Opportunity to exchange with other resorts, internally and externally Satisfaction rates Among U.S. timeshare owners: • About 85% indicate satisfaction with their timeshare experience • 64% would recommend their home resort to friends and families • 59% would recommend timeshare in general Owner use • 50% use their time • 17% exchange • 4% rent to others • 3% give their week to a friend or family member Source: American Resort Development Association: The State of the Vacation Timeshare Report 2009 and Vacation Timeshare Owners Report 2008 Bring your print ad to life with an Ad Jolt and Audio Link. American Resort Development Association • 1201 15th Street, NW, Suite 400, Washington, DC 20005 • Phone (202)371-6700 • Fax (202)289-8544 • www.arda.org
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Facts at a glance<br />
The <strong>American</strong> <strong>Resort</strong> <strong>Development</strong> <strong>Association</strong><br />
The <strong>American</strong> <strong>Resort</strong> <strong>Development</strong> <strong>Association</strong> (ARDA) is the Washington, D.C.-based professional<br />
association representing the vacation ownership and resort development industries. Established<br />
in 1969, ARDA has nearly 1,000 members ranging from privately held firms to publicly traded<br />
companies and international corporations with interests in timeshare resorts, community<br />
development, fractional ownership, and resort communities. The membership also includes<br />
timeshare owner associations (HOAs), resort management companies, and owners through the<br />
ARDA <strong>Resort</strong> Owners Coalition (ARDA-ROC).<br />
ARDA promotes the growth and development of the timeshare industry<br />
through a variety of capacities:<br />
Advocacy<br />
Actively involved in local, state,<br />
and national governmental affairs,<br />
ARDA monitors regulatory issues<br />
that effect timeshare. ARDA actively<br />
engages in lobbying efforts focused<br />
on the establishment of a legislative<br />
environment that fosters industry<br />
growth and further enhances consumer<br />
confidence and protection.<br />
Networking<br />
ARDA offers industry professionals<br />
educational and networking<br />
opportunities through its annual ARDA<br />
Convention and Exposition, the ARDA<br />
Fall Conference, committee meetings,<br />
and a variety of regional educational<br />
seminars offered each year.<br />
Business Partnerships/<br />
Bridge-Building<br />
Through alliances with organizations in<br />
related and complementary industries<br />
in North America and overseas,<br />
ARDA pursues business and growth<br />
opportunities on behalf of its members.<br />
Outreach<br />
ARDA reaches out to myriad<br />
audiences with news of the bright<br />
future and positive economic impact<br />
of the timeshare industry and the<br />
increasingly diverse and attractive<br />
vacation ownership opportunities now<br />
available to consumers.<br />
Knowledge<br />
Through a variety of informational<br />
tools, including published research<br />
summaries, news updates and e-mail<br />
alerts, <strong><strong>Development</strong>s</strong> magazine, and<br />
its Web site, ARDA shares market<br />
intelligence and keeps its members<br />
informed of industry trends and current<br />
events.<br />
Support and <strong>Development</strong><br />
The ARDA International Foundation<br />
(AIF) offers professional and<br />
educational development through<br />
publications covering the industry’s<br />
ethical, legal, regulatory, and<br />
operational intricacies; study courses;<br />
tests that assess industry knowledge;<br />
and recognition of continuing<br />
educational efforts.<br />
For more information about ARDA, visit the Web site at www.arda.org<br />
or contact the association headquarters at (202) 371-6700.<br />
<strong>American</strong> <strong>Resort</strong> <strong>Development</strong> <strong>Association</strong> • 1201 15th Street, NW, Suite 400, Washington, DC 20005 • Phone (202)371-6700 • Fax (202)289-8544 • www.arda.org
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