Does anyone make money on timeshares?

If owning a timeshare is appealing, you can rent out your weeks to make some of your money back, or even a little extra. The average timeshare occupancy rate is about 80 percent compared to the hotel occupancy rate of 64 percent, according to an AIF report.



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The average price for a timeshare purchase is about $20,000 and the median income of timeshare members is about $73,000.

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It's not just about investing well, it's about avoiding the financial mistakes that undermine so many well-meaning, but misguided people. One of these mistakes is getting caught in the timeshare trap. While timeshares may seem attractive at the outset, over time they can become real wealth traps.

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According to the U.S. Shared Vacation Ownership Consolidated Owners Report, 2018 Ed., more than five in six owners (85%) rated their overall ownership experience as excellent/very good/good.

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A timeshare can offer the perks of owning a vacation home at a fraction of the cost — you only pay for the time you use, as well as any associated maintenance fees. And because you pay maintenance dues, you don't have to worry about handling property upkeep yourself.

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The “U.S. Shared Vacation Ownership Owners Report: 2022 Edition,” published and sponsored by the ARDA International Foundation (AIF), found that 90% of timeshare owners are happy with their overall ownership experience.

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A recent survey from the International Society of Hospitality Consultants, brought to our attention by Bisnow, suggests that “the appeal of timeshares are diminishing due to the availability of home-sharing services.”

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Today, over half of timeshare owners are Gen Z and millennials and the average age of a timeshare owner is 39, according to a 2022 report by the American Resort Development Association.

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Unfortunately, though, it's easy enough to outgrow your timeshare after a period of time. In fact, Dave Ramsey says that 85% of timeshare owners end up regretting their decision. If that's the boat you've landed in, don't stress.

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Vacation rentals Vacation rentals are considered preferable alternatives to timeshares because they give greater flexibility in where and when you can vacation.

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Timeshare resales are cheap compared to the retail price of a timeshare at a resort mainly because of the costs associated with selling a new timeshare at the resorts. Similar to the way cars are sold at a dealership, resorts spend a large amount of money to bring people to their resorts in order to sell timeshares.

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The unique concept relies on shared 'ownership' of a particular property or resort stay, allowing all involved their own periods of vacation time every year. But while the timeshare market grew steadily over the decades, recent years have seen a noticeable decline.

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Often, your heirs can inherit your timeshare when you pass away. But they can also inherit the timeshare ownership fees! If your family loves your time ownership property and wants to continue to visit it – and pay the associated fees – your timeshare should be part of your estate plan.

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