According to the State of the Vacation Timeshare Industry: United States Study 2012 Editionconducted by Ernst & Young, sales of vacation products increased slightly from the previous year, while nearly 80 percent of owners continued to travel to their timeshare destination?a figure that continues to outpace traditional hotel occupancy (60 percent in 2011 according to Smith Travel Research December 2011 report) year after year. Twelve percent of the timeshare occupancy rate was comprised of renters, with 86 percent of timeshare resorts offering some form of rental program.