NAICS Code 812990-31 - Vacation Time Sharing Plans

Marketing Level - NAICS 8-Digit

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NAICS CODE 812990-31
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NAICS Code 812990-31 Description (8-Digit)

Vacation Time Sharing Plans is an industry that involves the purchase of a vacation property or properties by a group of individuals who then share the use of the property or properties for a specified period of time each year. This industry is also known as timeshare or vacation ownership. The concept of timeshare is to provide individuals with the opportunity to own a vacation property without the full financial burden of owning the property outright. The timeshare owner is responsible for paying an annual maintenance fee, which covers the cost of maintaining the property, and in return, they are granted the right to use the property for a specified period of time each year.

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 812990 page

Tools

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

  • Timeshare management software
  • Online booking systems
  • Customer relationship management (CRM) software
  • Property management software
  • Accounting software
  • Reservation management software
  • Marketing automation software
  • Online payment processing systems
  • Inventory management software
  • Customer feedback and review management software

Industry Examples of Vacation Time Sharing Plans

Common products and services typical of NAICS Code 812990-31, illustrating the main business activities and contributions to the market.

  • Vacation resorts
  • Condominiums
  • Beach houses
  • Ski lodges
  • Golf resorts
  • Lakefront cabins
  • Luxury villas
  • Theme park resorts
  • Mountain retreats
  • Urban timeshares

History

A concise historical narrative of NAICS Code 812990-31 covering global milestones and recent developments within the United States.

  • The vacation time sharing plans industry has its roots in the early 1960s when a ski resort developer in France came up with the idea of selling vacation ownership to guests. This concept was later adopted by other resorts in Europe and the United States, and by the 1970s, the industry had grown significantly. In the 1980s, the industry faced a downturn due to the economic recession, but it recovered in the 1990s with the introduction of new products and services. In recent years, the industry has seen a shift towards more flexible ownership models, such as points-based systems, and an increased focus on digital marketing and customer engagement. In the United States, the vacation time sharing plans industry began in the early 1970s when a developer in Hawaii started selling timeshares to vacationers. The industry grew rapidly in the 1980s and 1990s, with many new resorts and companies entering the market. However, the industry faced a decline in the early 2000s due to the economic recession and negative publicity surrounding some timeshare companies. In recent years, the industry has seen a resurgence with the introduction of new ownership models, such as vacation clubs and fractional ownership, and an increased focus on customer experience and satisfaction.