Americans are gearing up for a record-breaking Memorial Day weekend, with AAA forecasting that 45.1 million people will travel at least 50 miles from home between Thursday, May 22 and Monday, May 26. The figure marks a 1.4 million increase from last year and breaks the previous travel record of 44 million, set in 2005.
A new Redfin report reveals that American appetite for vacation homes has continued its steady decline, reaching the lowest point in at least six years.
The Walt Disney Company and Miral, Abu Dhabi's premier developer of immersive destinations, have unveiled plans to develop a groundbreaking Disney theme park resort on Yas Island, marking a historic expansion of Disney's global footprint.
According to HVS' annual Hotel Valuation Index (HVI), hotel values in Europe saw a consistent 2.0% increase in 2024, driven by lower interest rates, modest RevPAR growth, and sustained demand for European travel from international visitors.
Posted on May 01, 2023