THE timeshare industry has shed its dodgy 1980s image and is the new tourism industry cool with the Gold Coast at its epicentre.
Timeshare’s status as the unheralded engine room of Australian tourism has been confirmed in a new national report which found the industry’s 2012 economic output was a massive $616.5 million.
And the Gold Coast is the nation’s epicentre when it comes to timeshare – almost 30 per cent of Australia’s timeshare units are located here – while the sector pumped $409 million into the local economy in 2012.
The Gold Coast houses the head offices of seven national timeshare resort operators, has 650 apartments in nine resorts and employs 1754 people in the industry.
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