Posted on February 17, 2023
A new report released by research company Compare the Market has deemed Orlando as the most expensive destinations for families to take a vacation. Most of average spend factored in lodging costs, which helps show the value or pre-paid Orlando timeshare vacation accommodation.
According to the report, a family of four would have to pay an average of $7,350 for a week’s stay in Orlando. Because family demographics can differ according to the ages of the children, the report estimated the costs based on 10 year old and five year old children along with two adults.
Of that $7,000-plus weekly cost, over $4,000 was estimated for peak-season accommodation cost with the remaining costs going to activities and other incendiary costs.
Cities were ranked based on factors such as the prices for activities, hotels and daily expenses incurred, which would most certainly include theme parks such as Disney World, Universal and Sea World in the case of Orlando.
Prices in the report are all in U.S. dollars and do not include flights or other transportation costs to get to these destinations. Prices were also based on the going rates for hotel and activity costs on TripAdvisor.
Coming in second place as the next most expensive place to vacation was, Rovaniemi, Finland, otherwise known as the home of Santa Claus. A week visiting Ol’ Saint Nick will set a family back about $7,082.
Next is Australia’s Gold Coast in Southeast Queensland, which includes Surfers Paradise. The cost of a week vacationing on this terrific stretch of coastline will go for about $6,620 on average.
The remaining destinations on the list are:
Vancouver, Canada: $4,836
London, United Kingdom: $4,139
Barcelona, Spain: $3,460
Queenstown, New Zealand: $3,400
Vienna, Austria: $2,776
Billund, Denmark: $2,711
Bali, Indonesia: $2,636
Osaka, Japan: $2,313
On average, staying in an Orlando timeshare for a week of vacation time is certainly less than $4,000, especially when the owner buys timeshare on the resale market.
Let’s look at this in general terms. According to the American Resort Development Association, the average cost of a week of timeshare is about $24,000. If the timeshare is used each year for a 20-year period, that’s about $1,200 for each week of usage. Even adding in the average maintenance fee costs, which are now about $1,200, that’s a week of vacationing in a timeshare for $2,400, certainly less than the averages for hotel accommodations mentioned in the report.
Now, take in the resale factor. Timeshare resales go for 50-60 percent less than the resort retails retail rates, sometimes at even steeper discounts, primarily because of the way timeshares are sold at the resorts.
Resort retail prices include sales commissions and marketing costs which can be as much as 55 percent of the overall price of a timeshare sold at the resort. after all, the resort has to pay the sales team and recover the costs of those free meals and marketing to get the prospective buyer to the resort in the first place.
If the 50 percent discount is factored in when establishing the resale price, that would cut the average cost in half to about $600 a week when prorated over a 20-year ownership period. Add in the maintenance fees, and you’re vacationing in Orlando for a week for about $1,800.
Remember that because we’re talking about timeshares, chances are we’re discussing a two-bedroom condo with kitchen, living room and ensuite for Mom and Dad. Much better value than the typical hotel room where everyone in piling onto the bed eating pizza.
The deals on offer for Orlando timeshare resales are here at BuyaTimeshare.com. We’ve been connecting buyers will sellers since 2000, and over our two decades-plus of resale activity we’ve established some of the best resale inventory on the market.
Take a look at our Orlando timeshares for sale here and click on your favorite resort, then research which timeshare meets your vacation needs. Click onto the ad and make an offer directly to the owner and negotiate the best deal possible for your timeshare. you’ll be planning your Orlando vacation before you know it.
If you need to sell a timeshare, we can help with that as well. Give us a call on 800-640-6886 or fill out the form on our homepage and we’ll be happy to help.
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