July 31, 2014

Timeshares: Vacationing in Florida

Amy Keller | 8/1/2007

The timeshare industry’s impact on the state’s economy increased 25.6% from 2002 to 2005, according to results of a study conducted by PricewaterhouseCoopers for the American Resort Development Association. Other results:

  • $14.3 billion — industry’s contribution to the state’s economy in 2005
  • 7.9 million — timeshare visitors in Florida
  • $2,062 — average spent per group per trip
  • 161,100 — full-time and part-time jobs supported
  • 16.2% — increase in jobs from 2002
  • $5.4 billion — wages created
  • 27.8% — increase in wages from 2002
  • $2.1 billion — tax revenue generated
  • 25.2% — increase in tax revenue from 2002
  • 378 — number of timeshare resorts in Florida, the highest nationwide
  • 47,400 — number of units in Florida (30.7% of U.S. total)
  • $3.7 billion — total timeshare visitor spending
  • 82.4% — average occupancy rate, compared with state’s hotel average of 69.1%

Tags: Dining & Travel, Around Florida

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