The Development of the Timeshare Industry Since the 1970s

Since the early 1970s, when the timeshare concept of apartment owning was in its infancy and evolving in separate fashions in Asia, Europe and North America, the industry has grown into a worldwide phenomenon with the timeshare product now located in nearly all the major Beach, Ski and Country holiday destinations around the world.

Gone are the days of the small proprietary owner resorts, now concentrated and merging into larger groups.

Originally Timeshare was the acquisition of one or more weeks within a specific, fixed apartment at s particular resort. The concept was relatively static until the advent of an exchange product being bolted onto the timeshare apartment complexes. It allowed users to exchange their week(s) with users of other resorts and completely changed the industry dynamics through the greater flexibility it introduced.

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