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ATHOC Voice: Millions pre-booked & waiting to be spent on domestic tourism
Millions pre-booked & waiting to be spent on domestic tourism
Hundreds of thousands of Australians are desperate to travel to their favourite domestic hot spots.
Occupancy forecasts for Australian timeshare properties point to strong pent up demand in all states with Queensland leading the way with timeshare bookings now at 73.5 percent for September and 75 percent for October. Some timeshare resorts in Queensland are pre-booked at over 93 percent for October alone. In NSW timeshare bookings are 67 percent in September and 70 percent in October.
The combination of a summer disrupted by bushfi res followed by the pandemic lockdowns have created very high demand for domestic holiday travel.
Requests for bookings at timeshare properties spiked when lockdown restrictions eased, and demand has been particularly high in regional centres. This is important for regional towns that rely on tourism to survive but have been starved of revenue following the summer bushfi res and the COVID-19 restrictions.
Places like Port Douglas and Mount Hotham rely on tourism for their very survival. Dinner Plain at Mount Hotham, which was evacuated during the recent bushfi res, became a year-round destination aft er the introduction of timeshare. Prior to COVID-19, tourist visits outside of ski season led to new businesses opening at Mount Hotham, and the local economy grew as a result.
The Economic Impact Report conducted by AEC Group, found the timeshare industry contributed total direct revenues of over $958 million to the Australian economy in 2019, a 34.6 percent increase in direct contribution to national GDP since 2016.
Expenditure by timeshare guests/owners grew to $493.3 million in 2019, a 67 percent increase from 2016. This equates to an average expenditure of $3,538 per party per trip. properties during the pandemic we have seen a high degree The timeshare industry has
Laura Younger General Manager, Australian Timeshare Holiday Ownership Council
We have known for years that timeshare tourists spend more money when on holidays than traditional hotel guests. Through the membership model they have already paid for their accommodation well in advance. Timeshare memberships off er fl exibility allowing members to have the familiarity of returning to their favourite properties or travelling to new destinations.
Our research also tells us that timeshare owners frequently use their timeshare properties as a stopping off point for holidays in other locations in the region.
The timeshare industry remains hopeful restrictions will continue to be eased allowing as many Australians as possible to travel domestically.
Our industry is desperate to help the Australian economy by helping facilitate tourism to some of the hardest hit areas. Our members love the towns and regions they visit through timeshare.
Once State border restrictions are fully lift ed, we are hopeful the Commonwealth Government will support this by allowing travel, tourism, and hospitality operators, including timeshare, to trade as freely as possible.
Throughout the COVID-19 pandemic timeshare operators have been diligently enforcing safe hygiene practices and social distancing throughout of compliance with the social distancing and hygiene restrictions which have been put in place.
their properties. assisted members where possible who have been experiencing fi nancial or health-related hardships during the pandemic.
Timeshare owners buy into a community when they join our members. As such the industry has been rallying around owners off ering various forms of support from fi nancial, to free physical and mental health information, meditation, and yoga classes as well as other benefi ts. We are doing what we can to help timeshare owners manage through the pandemic.
ATHOC has recently published the industry-wide commitment ‘Timeshare cares’, confi rming the measures all timeshare members are taking to ensure safe and hygienic premises for owners on a state by state basis.
