In fact, during the Gulf War in 1991, the timeshare industry grew at a 5 percent rate and during the economic downturn of the early 1990s, it saw a 15 percent growth rate. According to Ernst & Young’s National Lodging Forecast (2002), while the rest of the lodging industry was hit hard after 9/11, the timeshare industry has remained relatively intact.

Experts believe that many American consumers have re-evaluated their priorities and values and are now focused on reconnecting with their families and are seeking high-quality and affordable vacation experiences for years to come.

Another travel pattern that emerged following September 11 is an increasing number of Americans driving to vacations closer to home, according to the Travel Industry Association of American (TIAA). As airlines cut back on international flights to meet reduced demand and increased ticket prices, many budget-conscious consumers have begun taking vacations closer to home and are considering vacation ownership as a way to save money.

"On a full tank of gas, budget-conscious vacationers can treat themselves to a luxury destination without compromising on amenities," says Joe Martori, CEO of ILX Resorts, which offers nine southwestern resorts with the amenities, service and ambiance of a luxury home. "Unlike a hotel room or rental cottage, which require payment for each use with rates that usually increase each year, timeshares enable people to enjoy vacations in perpetuity with a one-time purchase price and affordable annual maintenance fees," adds Martori.

Timeshare packages vary greatly from company to company. Price points, accommodations, flexibility and location are all options to consider. For example, ILX vacation owners can use their vacation packages at any of their resorts, which are located in Arizona, Colorado, Las Vegas, Indiana and San Carlos, Mexico -- either for seven days straight or smaller two- or three-day getaways. At a discounted rate, vacation owners can also exchange their vacation time in any of the 1,800 resorts worldwide through vacation partnership programs.

Recently, the company began allowing owners to use their designated vacation week on cruise lines as well. In addition to lodging, vacation owners are also privy to significant discounts on travel and food. "Even during recessions, families can still afford a much needed vacation year after year," states Martori.

For more information on vacation ownership or ILX Resorts, log on to www.ilxresorts.com.

Courtesy of ARA Content