Timeshare trade group estimates $5.3B impact on isle economy

October 24, 2017

Timeshare property sales in Hawaii have exceeded $1 billion annually in recent years, and a new report tries to quantify how much employment and spending is tied to this segment of the tourism industry.


A Washington, D.C.-based trade association and its local affiliate representing the timeshare industry issued the report Wednesday, saying Hawaii timeshare operators last year provided about 10,000 jobs, spent $171 million on their properties, and paid $194 million in state and county taxes.


The report also said Hawaii timeshare visitors last year spent $1.3 billion outside their timeshare resorts while on vacation — mainly on airfare but also on dining, clothing, entertainment, rental cars, gas, groceries and other things.


Mitchell Imanaka, a local attorney and chairman of ARDA-Hawaii, said there are 95 timeshare properties containing about 15,000 units statewide, and that the industry continues to grow.


"The timeshare industry is an important component of Hawaii's tourism industry," he said in a statement.


Imanaka noted in an interview that Hilton Hawaiian Village added a new timeshare tower called the Grand Islander to its Waikiki resort earlier this year, and he expects continued new timeshare development projects, including conversions of traditional hotel rooms.


Source: Honolulu Star-Advertiser

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