Time shares in Hawaii remain strong, despite severe downturn elsewhere

Time shares in Hawaii are growing despite a severe downturn in other parts of the country in recent years, the head of the American Resort Development Association said.

CEO Howard Nusbaum told the Honolulu Star-Advertiser (http://is.gd/BN8N82) that time shares in Hawaii fared better than most from 2007 to 2009. The statewide occupancy rate for time-share units averaged 87 percent in 2011 as compared with 78.9 percent at time shares throughout the nation, he said. And, he said, time shares in Hawaii in 2012 are expected to grow.

— The Republic