In the United States, there are roughly 1,547 timeshare resorts, and 200,720 timeshare units. Approximately 3% of American households own a timeshare in 1 or more of these resorts or units. On average, timeshare owners tend to be 46.8 years old, and many of these individuals chose to invest in these so that they are able to go on scheduled vacations with family and friends.
Given that the average price for a new timeshare is $20,040, and that there are high maintenance fees and other issues associated with owning a timeshare, many buyers have claimed that they regret making this purchase. As a result, the average rescission rate is 15% for timeshares, In terms of annual sales, this signifies that while the timeshare industry brings in about $10 billion every year, $1.5 billion will be cance