RESORT TRADES
Ragatz Associates Announces Dramatic Growth of Fractional Resort Real Estate
March 2023
Ragatz Associates, the leading expert in fractional interests and private residence clubs, has announced highly positive findings in its 23rd annual survey of the fractional interest and private residence club industry in North America, indicating significant growth in the past two years. The data includes properties in the U.S., Mexico, the Caribbean, and Canada.
Sales volume for 2022 was estimated at $624 million, the highest in 13 years, when it topped $665 million in 2009. Sales had peaked before the recession at $1.7 billion in 2007, but in succeeding years, the amount fell dramatically, averaging only $232 million between 2006 and 2020. The recent upward trend began in 2021 at $495 million, increasing to $624 million just a year later in 2022....read more....
HOSPITALITY NEWSMAKER ALERT
Ragatz Associates Announces Growth of Fractional Resort Real Estate
March 15, 2022
Ragatz Associates, the leading expert in fractional interests and private residence clubs in the shared ownership resort real estate industry, has announced positive findings in its 22nd annual survey of the fractional interest industry in North America, which includes the U.S., Mexico, the Caribbean, and Canada.
Sales volume in 2021 was $255 million, representing an increase of 42 percent over 2020. This was the highest amount in the past eight years, indicating that the market is finally on an upswing after several years of modest activity. The survey is recognized as the most thorough and comprehensive survey conducted on this industry......read more....
THE ASPEN TIMES
W residences propel Aspen-area fractional sales for first three quarters
November 24, 2019
Nationally, fractional sales have leveled off since the pre-Great Recession days, when sales hit their high-water mark of nearly $2 billion in 2005, according to Ragatz Associates, a consulting a market research firm in the resort real estate industry.
Last year saw $471 million in sales, down from $480 million in 2017 and $516 million in 2016, according to Ragatz Associates.
“It is still felt that the shared-ownership components will rebound in the future,” said a market report Ragatz Associates released earlier this year. “Reasons include......read more....
REALTOR.COM
Can’t Afford to Buy a Vacation Getaway? Try Buying a Fraction of One
March 7, 2019
Annual sales volume of fractional projects in North America has averaged around $515 million since 2010, a quarter of what it was between 2004 and 2008, according to Richard Ragatz, president of Ragatz Associates, which tracks the industry. He estimates that fractional sales rose a modest 10% last year over 2017, but says business has been more brisk in a handful of elite locations.
“It’s a specialized market,” he says. Projects that sell best are in ultrapricey, resort areas where there isn’t much housing available.......read more....
FTN NEWS
A new luxury waterfront destination in the Bahamas to feature a hotel, marina, and golf course
October 21, 2018
In a comprehensive market analysis by Ragatz Associates, renowned industry specialist, Richard Ragatz found that due to a strong resort-residential real estate market throughout The Bahamas, limited competition and apparent untapped markets in specific price levels, this is the prime time for the development of Port St. George. The report highlights the mix of hotel, marina, golf course, and extensive amenities as being an especially attractive and proven concept......read more....
THE REPORTER
Help Plan the Future of Lake Berryessa
March 9, 2017
Napa County, in conjunction with Bureau of Reclamation, is contemplating re-development of five of the Lake Berryessa Recreation Areas as new, well-managed resorts open for public use.
Ragatz Associates was chosen for its knowledge and experience in developing hotels, resorts and other recreational opportunities worldwide and will assist the county in identifying interested concession partners by marketing the opportunity to the resort community and performing a feasibility analysis to determine the best use of each site.......read more...
STAR TRIBUNE
Business is Coming Back for Minnesota's Fractional Real Estate Industry
September 19, 2016
In an annual survey of more than 304 fractional projects and residence clubs and six destination clubs, Ragatz Associates found that only 68 of the properties made sales in 2015. Total sales volume was $505 million, down slightly from the two previous years and nearly a fifth of what was sold during the peak of the market in 2007.
Dick Ragatz, the firm’s president, said the industry crashed particularly hard compared with other segments and has been among the last to recover in large part because of limited access to financing for such projects. “Demand is increasing slightly, but it will never be what it was before the recession, not for a long time if ever.”.......read more...
THE DENVER POST
Denver's Inspirato Booming as Interest in Luxury Destination Clubs Grows
May 4, 2016
Inspirato’s model “really hits the sweet spot of where the consumer is going,” said Richard Ragatz, president of Ragatz Associates, an Oregon-based resort real estate industry consulting firm. “Inspirato is a very innovative, creative concept that’s doing very well.”
“Millennials are much less enthusiastic about purchasing real estate with a deed in perpetuity, and they don’t want all the burdens that go along with ownership,” Ragatz said. “They don’t want to put all their discretionary income into one home.”.......read more...
New York Times
Prices for Private Residence Clubs Slow to Recover
May 1, 2015
Seven years after prices for private residence clubs and other fractional developments collapsed, the value of a small slice of paradise is still far from recovered. Sales last year began to pick up, hitting $516 million, but that is just a quarter of what it was in 2007, according to a recent report from Ragatz Associates, which tracks this market. And the prices for those shares that did sell are still down 25 to 30 percent from the peak........read more...
RCI Ventures
Ragatz Survey: PRCs Doing Well, Shared Ownership to Strongly Rebound
April 23, 2013
Eugene, Oregon-based Ragatz Associates recently released the results of The Shared-Ownership Resort Real Estate Industry in North America: 2013, a survey they conducted that covers three components of the resort real estate industry: fractional interests, private residence clubs and destination clubs. In lieu of their usual conference to announce the results, Ragatz Associates held a webinar on March 20th to announce the preliminary results, which revealed that total sales volume was $497 million in 2012, down from $552 million in 2011 and $2.3 billion in 2007.......read more...
World Property Channel
Fractional Real Estate Sales in U.S. Enjoyed Modest Gains in 2011
April 2012
(Eugene, OR) -- Sales at North American fractional real estate developments increased 4 percent in 2011 to $552 million from $530 million the previous year, according to the latest study by fractional resort real expert Richard Ragatz of Ragatz Associates.....read more...
Hospitality 1st
Ragatz Reports On Fractional Industry Growth
March 2012
Dr. Ragatz released the findings of his much-anticipated annual research paper, The Shared-Ownership Resort Real Estate Industry In North America: 2012 at the 12th Annual Ragatz Fractional & Resort Real Estate Conference on March 12-13 at the Hyatt Regency Scottsdale Resort and Spa at Gainey Ranch in Arizona, attended by about 200 participants in the resort real estate industry. The document is recognized as the most thorough and comprehensive survey of this highly specialized industry....read more...
RealEstateRama
If Only George Vanderbilt Could Have Been A Private Residence Club Owner
March 2012
Why are so many choosing this real estate option? Dr. Richard Ragatz, president of Ragatz and Associates, a research firm that focuses on the worldwide resort industry says, “Research shows that the typical household uses their wholly owned vacation home no more than four to five weeks a year. The rest of that time it sits idle, accumulating maintenance costs, taxes and repair fees.”...read more...
Resort Trades Management & Operations
Tracy Ragatz: Continuing the family tradition of premier industry service
November 2011
Following professionally in our parents? footsteps has long become an American cultural and economic ideal, especially when the parent has been successful in his or her chosen endeavor. But if you are a woman in a male-dominated industry and your father has been widely recognized and applauded as an industry icon and pioneer, the path to professional success is even more challenging...read more...
YouTube
Dr. Ragatz, Interview - Royal Resorts, Cancun
November 2011
Interview with Dr. Richard Ragatz, timeshare/fractional industry expert, at Royal Resorts in Cancun...click for video...
YouTube
Dr. Richard Ragatz, Ragatz Associates - GNEX 2011
Perspective Magazine
June 2011
Dr. Richard Ragatz, President, Ragatz Associates comments on his opinions of Perspective Magazine's Global Networking Expo (GNEX 2011) for the timeshare and fractional ownership industry...click for video...
The Resort Trades
Ragatz Associates and Ragatz Realty
Written by Sharon B. Drechsler-Scott
September 2011
The only constant in our industry during the past three years has been change. But the shared ownership resort business is unique in that it tends to draw people who have strong entrepreneurial and creative personalities. In this, the third article in the Resort Trades series celebrating companies that have transcended tough times through innovation, we spoke with Richard Ragatz, Ph.D...read more...
Press Release
Ragatz Associates and Resort Equities Partner on Ragatz Resort Realty: A Comprehensive Resort Brokerage Firm
August 2011
San Francisco, CA - August 11, 2011 -- Ragatz Associates and Resort Equities, LLC, today announced a strategic alliance to create a boutique, commercial real estate brokerage firm ? Ragatz Resort Realty. The firm will focus exclusively on resort-oriented real estate, including resort hotels, whole-ownership projects, shared-ownership projects such as fractional interests, private residence clubs and resort timeshare, as well as raw land suitable for resort development. This new alliance with Resort Equities, LLC will allow Ragatz Resort Realty to provide unparalleled service and support to prospective buyers, sellers, joint venture partners, investors and lenders regarding resort and hospitality projects located around the globe... read more...