Growing Timeshare Market in India

The timeshare industry is one of the most controversial industries in the whole world. There is as much people who vie for the quality and satisfaction that timeshares provide and people who swear timeshares and the ways employed in selling such packages. There are a number of timeshare owners but there are also a couple of timeshare owners who want to get rid of their timeshares.

But in India, the timeshare industry is booming. The idea of shared ownership attracts the Indians, especially the rich ones. They already prefer this system because it frees them of the troubles in construction and actual maintenance of the property. That is aside from the fact that building a personal vacation site is really expensive.

Growing Timeshare Martket Trend

The CAGR of the India market to that of the timeshares worldwide is at 18 percent. That is 18 percent of the 5,425 resorts with 6.7 million owners. Specifically, it has 4,640 timeshare units with 146,450 owners. The real-estate consultants from Cushman & Wakefield and Group RCI reported that the timeshare industry is skewed towards the West, particularly Mumbai, Pune, Ahmedabad, Surat. But is it already opening up in the South at Coorg and Munnar for tourists with interests in these sites. The demand for timeshare in India is said to grow at 16 percent per annum starting in 2006-2015.

As it is still in its early stage, people in India and even those who are simply interested in the India timeshare market should remember that wherever the timeshare is located, it still should not be considered an investment. That way, they will not experience the difficulties that other timeshare owners experienced in trying to get rid of their timeshares.