Timeshares & shared vacation property ownership - statistics & facts
Shared vacation properties and timeshares are a form of leisure travel accommodation which allow travelers to purchase a share of a holiday home. The industry originated with the selling of timeshares, a system in which a customer could own a portion of a property which enabled them to stay in the property for the duration that the segment allotted. Most commonly properties would be divided among 25 owners at two weeks each, leaving two weeks a year for maintenance and repairs.
