If you’re interested in vacation ownership, then you might be wondering who the largest vacation ownership company is. With so many companies out there, it can be hard to figure out which one is the biggest. But after doing some research, it’s clear that Wyndham Destinations is currently the largest vacation ownership company in the world.
What Is Vacation Ownership?
Before we dive into which company is the largest, let’s define what vacation ownership actually is. Vacation ownership, also known as timeshare, is a way for people to own a portion of a vacation property. Instead of buying an entire property outright, customers purchase a specific amount of time at a resort each year.
What Is Wyndham Destinations?
Wyndham Destinations is a global leader in vacation ownership and exchange with more than 245 resorts across the world. The company has been around for over 50 years and has more than 900,000 owners worldwide.
How Did Wyndham Become the Largest?
Wyndham became the largest vacation ownership company through acquisitions and mergers. In 2018, Wyndham Worldwide separated into two separate companies: Wyndham Hotels & Resorts and Wyndham Destinations. This allowed Wyndham Destinations to focus solely on vacation ownership and become an even bigger player in the industry.
Other Large Vacation Ownership Companies
While Wyndham Destinations may be the largest, there are other companies that are also major players in this industry. Marriott Vacations Worldwide, Hilton Grand Vacations Company, and Diamond Resorts International are all large vacation ownership companies with thousands of owners worldwide.
The Benefits of Vacation Ownership
Vacation ownership can be a great option for people who love to travel but don’t want to deal with the hassle of booking hotels every year. With vacation ownership, you have a guaranteed spot at a resort each year, and you can often trade your time for a different location if you’d like to switch things up.
Conclusion
In conclusion, Wyndham Destinations is currently the largest vacation ownership company in the world. However, there are other companies that are also major players in this industry. Regardless of which company you choose to go with, vacation ownership can be a great way to ensure that you have a spot at your favorite resort each year.