NAICS Code 531390-13 - Real Estate-Time Sharing

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 531390 - Other Activities Related to Real Estate - 12,235 companies, 29,208 emails.

NAICS Code 531390-13 Description (8-Digit)

Real Estate-Time Sharing is a subdivision of the Other Activities Related to Real Estate industry that involves the purchase or lease of a property for a specific period of time, usually for vacation purposes. This industry allows individuals to own a portion of a property for a limited time, typically a week or two, and share the property with other owners. Real Estate-Time Sharing is a popular option for those who want to enjoy a vacation property without the full-time commitment and expenses of owning a property year-round.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 531390 page

Tools

Tools commonly used in the Real Estate-Time Sharing industry for day-to-day tasks and operations.

  • Reservation software
  • Property management software
  • Online booking platforms
  • Customer relationship management (CRM) software
  • Accounting software
  • Marketing automation tools
  • Social media management tools
  • Email marketing software
  • Virtual tour software
  • Online payment processing tools

Industry Examples of Real Estate-Time Sharing

Common products and services typical of NAICS Code 531390-13, illustrating the main business activities and contributions to the market.

  • Vacation timeshares
  • Resort timeshares
  • Condo timeshares
  • Beach house timeshares
  • Ski resort timeshares
  • Golf course timeshares
  • Lake house timeshares
  • Theme park timeshares
  • Luxury villa timeshares
  • Cruise ship timeshares

History

A concise historical narrative of NAICS Code 531390-13 covering global milestones and recent developments within the United States.

  • Real Estate-Time Sharing is a relatively new industry that emerged in the 1960s. The first timeshare resort was built in the French Alps in 1963, and the concept quickly spread to the United States. By the 1970s, timeshares had become a popular way for families to own vacation properties without the high costs of full ownership. In the 1980s, the industry experienced a boom, with many new resorts being built and timeshare sales reaching their peak. However, the industry also faced challenges, including consumer complaints about high-pressure sales tactics and difficulty reselling timeshares. In recent years, the industry has adapted to changing consumer preferences, with more flexible ownership options and a focus on experiential travel. In the United States, the timeshare industry has a more recent history. The first timeshare resort in the US was built in 1974 in Kauai, Hawaii. The industry grew rapidly in the 1980s and 1990s, with many new resorts being built in popular vacation destinations like Florida and California. However, the industry faced challenges in the early 2000s, including the aftermath of the 9/11 attacks and the 2008 financial crisis. In recent years, the industry has rebounded, with sales and occupancy rates increasing. The industry has also faced new challenges, including increased competition from alternative accommodations like vacation rentals and a changing regulatory environment.