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With the economy struggling and people willing to spend less on travel and luxury trips, Hawaii is seeing an increase in its timeshare sales. Although visitors to the island went down, the amount of timeshare business surprisingly went up. Data released yesterday by the ARDA showed that occupancy rates in Hawaii for timeshare units averaged 90.8 percent in 2009. This is over 20 percent higher than Hawaii’s hotels.

This level of timeshare ownership is vital to Hawaii’s economy. The percentage of visitors who own timeshares that are travelling to Hawaii is expected to increase again this year. The timeshare business brings in millions of dollars a year for the Hawaiian economy. The state of Hawaii has over 8,000 units currently and another 4,800 planned timeshare units in the future.  This growth has been great for the state as well as the resort industry. These timeshares are essential to the economy for reasons that may not be obvious.

With the current economic situation it was surprising that Hawaii was a travel destination that grew in the last year. It was one of the very few places in the United States that accomplished this feat in 2009. Some projects had to be put on hold in Hawaii but some organizations still expanded their timeshare units on the islands. The timeshare industry on a whole still generated billions of dollars last year and is responsible for many jobs in the United States despite the financial crisis.

If you are one of the many Americans looking to get out of their timeshare contract please contact Transfer America and get a free assessment to see if you qualify