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Aruba Time Share Association (ATSA) 2020:

The Voice of Vacation Ownership in Aruba

ORANJESTAD — Having resort experience, over the
crushed the curve of Co- years, has been and contin-
vid19 in Aruba, the island is ues to be outstanding, and
gearing up toward opening they are especially fond of
its borders in July. the fun environment and
family atmosphere.
July 1, 2020: International
borders for Europe, Cana- To show their gratitude to
da and the Caribbean will the island and its vacation
reopen for travel with the product, they spend. The
exception of the Domini- overall timeshare group
can Republic and Haiti. spending, with an aver-
July 10, 2020: Borders will re- million. This is equivalent to owning a piece of the is- their corresponding sales age of 3.25 people per
open for travel to the Unit- an estimated one-third of land, beyond the real es- and marketing budgets group, is $3,723.56 on aver-
ed States. gross tourism earnings, and tate value. Owners enjoy are minimal. Instead, the age, without any mainte-
Most of Aruba’s Vacation almost 20% of nominal GDP a solid, long-time relation- resorts invest in continuous nance or other timeshare
Ownership Resorts, VOs, projected for 2017, or one- ships with the locals. upgrades and improve- fees included. When fees
have used the time spent fifth of the Aruban GDP. ments, wishing to surprise are included the amount
shut renovating, upgrad- In terms of money, the Aru- While on the island VO their repeat visitors with of money spent jumps to
ing and updating, and all ban VO industry generates owner do not overcrowd new products and new ser- $4,723.56 per group, on av-
of them without exceptions direct and indirect rev- the environment, they have vices, each time. erage.
joined the Aruba Tourism enues, the first one mea- seen Aruba’s highlights
Authority HH Code, the is- sured by current account many times before, and The profile of the VO own- With the border opening,
land’s mandatory Health & and destination expendi- just long to be sitting undis- ers is economically solid, Aruba should expect its loy-
Happiness certification. tures, estimated at US$ 274 turbed under their favorite the large majority of own- al supporters back. While
You may visit: https://www. million, while the second is palapa, in the shade, and ers, 90%, are Baby Boom- it is true that the island has
arubacovid19.org/ the measured by business ex- socialize with their friends. ers, and 70% of them enjoy introduced strict entry re-
website, in Papiamento penses and investment, a family income of more quirements, including a
mostly, also carries much estimated at US$ 191 mil- Economists agree, the than $90,000. Most of them, mandatory travel and sick-
information in English, and it lion. The calculated in- VO owners are also the 46.1%, have purchased ness insurance, it is all in an
is the official resource. Also duced impact, measured backbone of Aruba’s air- their timeshare before effort to protect the locals
most important: https://ed- by consumption multipliers, lift. As they prefer to travel 2003. This means that their and the island’s visitors from
cardaruba.aw/ adds US$ 63 million, then on weekends, high yield attachment to the island is the CoVid19 infection.
accounting for leakage, weekend flights help the deep-seated and durable.
As Aruba prepares to re- including outflow, imports, airline companies keep the In the sea of uncertainty our
ceive its first guests the is- and remittances delivers midweek flights in place As a matter of fact, most VO owners long to return to
land is grateful to its VO an estimated net added VO owner do not trade or their special island, and the
owners, who were among value of US$ 387 million to Overall Timeshare / VO exchange their timeshare VO industry here, has been
the last ones to leave the Aruba’s economy. units represent more than here, because they be- preparing for their arrival,
island when the pandemic As you all know, our island 40% of Aruba’s total room lieve in the island as a qual- awaiting their return with
started and will certainly has been challenged be- inventory*; the island’s 16 ity vacation destination, open arms, warm hearts
be among the first ones to fore, and its economy was VO properties operate ap- which propelled them to and true appreciation. We
return, proving again that dealt a number of devas- proximately 3,712 units, in purchase their unit in the miss them, more than words
Aruba VO industry is ex- tating blows, such as the different configurations, first place. Moreover, their can say.q
tremely resilient. We can closing of the oil refinery and as reported last in 2017,
rely on our VO owners to and with the economic 299,909 visitors, represent-
support us! downturn of 2008, but with ing 28% of the overall total
It is good to remember the help of the VO own- visitors, 1,070,548, stayed at
that Aruba’s VO industry is ers, Aruba got its economy one of the sixteen VO prop-
an exceptional economic back on track, in a relative- erties.
powerhouse for the island, ly short amount of time.
and has contributed in The success of the island’s
many ways to the overall We are of course hoping to VO properties is reflected in
tourism product, for over see the same brisk rate of their average occupancy
four decades. VO owners’ returns, in 2020. percentages, which was
The economic value of the measured at 85% in 2018.
Aruban VO industry in 2017, This is what we know about And most of these hotel
for example, was conserva- our VO owners: Their time- properties have no sales
tively projected at US$ 530 share purchases represent and marketing offices, and