HAWAII TIMESHARE EXPANSION PROJECTS

Hawaii’s timeshare inventory will grow by another 3,029 units in the next decade if developers with projects in the pipeline move forward with their plans. That information was part of an industry survey released last month by the Hawaii chapter of the American Resort Development Association, which recently revised its previous estimate of 4,881 timeshare units in the works.

The 3,029 units now listed include planned expansions at the Marriott Ko Olina Beach Club on Oahu, Marriott’s Kauai Lagoons and Hilton’s King’s Land project on the Big Island. Should those units be built, Hawaii’s current timeshare inventory of 8,608 units would increase by 35 percent to a total 11,637 units. From 2007 to 2009, Hawaii’s timeshare inventory climbed 12 percent to 8,608 units spread among 87 timeshare properties. This further planned timeshare development demonstrates that the concept of vacation ownership, particularly in Hawaii, can withstand an economic downturn, and a boost in the state’s timeshare supply could stimulate demand and travel.

SOURCE: Chiem, Linda (2010, October 8). Timeshares Could Add 3,029 More Units. Pacific Business News.

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