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The Timeshare Concept was Born in Europe.
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The first US timeshare was opened on Hawaii's majestic island of Kauai.
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Florida became the first continental US state to offer timeshare ownership.
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Many condo developments transformed ownership offerings to the timeshare resort model.
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The Hyatt and Innisfree Companies began offering the first deeded timeshares to potential owners.
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Resort Condominium International (RCI) entered the timeshare industry and offered owners the option to exchange weeks between vacation resorts.
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The timeshare industry continued to grow, developing a worldwide presence.
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The industry embraced 4 million timeshare owners worldwide.
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Big name hotel chains, such as Marriot, Sheraton and Hilton, became major players in the timeshare industry.
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Today, there are over 5,400 timeshare resorts throughout the world. 45% of these resorts are located in the US.