RedWeek, online timeshare rental platform, has weathered the travel industry’s ups and downs.
More people are getting in on the secret. RedWeek bookings for summer travel in 2022 are up more than 200 percent from 2021 and up more than 750 percent from the pandemic downturn year of 2020. Additionally, RedWeek is on track for its best year ever for timeshare sales in 2022. In 2021, the company saw a 43 percent increase in inquiries and offers on timeshares for sale, compared to the same dates in 2019 when timeshares were moving towards their peak.
The timeshare marketplace has typically been dominated by baby boomers, but millennial travelers are discovering timeshare-centric travel. In tandem with the rise of the “sharing economy” of Uber and Airbnb, millennials have found the flexibility and variety that they seek in the timeshare world.