Overview of the Indian Timeshare Industry
The timeshare industry in India comprises over 350,000 timeshare-owning families and has a total turnover of over Rs. 750 crores.
Currently, there are around 52 developers operating over 102 timeshare resorts in India providing close to 5000 rooms with an average 40 units / apartments in each.
In India, this industry is growing at the rate of 18-20% per annum. In the United States, the timeshare industry forms 2% of its travel and tourism industry. Industry experts believe that even if one assumes that the share of timeshare industry in India to become 1% of its travel and tourism industry, it would turn out to be a Rs. 3,800 crore industry. This shows the potential growth of the vacation ownership industry in the country.