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Vacation News Edition | WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Top 5 Great 'Old' Hotels of America Revealed

Top 5 Great 'Old' Hotels of America Revealed

Beautiful old American hotels speak to us. They speak with the echoes of earlier guests in earlier times, and, often, those earlier times saw great historical events. They speak with an Old-Time elegance and dedication to customer service sometimes not found in more-contemporary hotels. Read More »


Florida's Economy Enjoys $27 Billion Annual Boost from Vacation Home Rental Industry

Florida's Economy Enjoys $27 Billion Annual Boost from Vacation Home Rental Industry

It's good to be a vacation rental home landlord in Florida it seems. Based upon a new report by the University of Central Florida's Rosen College of Hospitality Management, the annual economic impact of Florida's vacation home rental industry now exceeds $27 billion. Read More »

London Hotel Market Endures Occupancy Dip in Late 2019

London Hotel Market Endures Occupancy Dip in Late 2019

Based on new data by HVS London, AlixPartners and STR, London hotels saw RevPAR growth of 0.9% in Q4 2019, to £135.25 compared with the previous year. Read More »

Growth of Short-Term Rentals Disrupts U.S. Hotel Sector

Growth of Short-Term Rentals Disrupts U.S. Hotel Sector

According to new data by CBRE, the short-term rental industry will expand to roughly 650,000 actively rented units in the U.S. this year, equal to 12.2 percent of the country's hotel-room supply, as the fast-growing sector further expands in suburban, rural and resort markets. Read More »


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Vacation Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »


Regional Vacation Real Estate News

Last Updated February 14, 2020 9:00 AM ET

North America

Beautiful old American hotels speak to us. They speak with the echoes of earlier guests in earlier times, and, often, those earlier times saw great historical events. They speak with an Old-Time elegance and dedication to customer service sometimes not found in more-contemporary hotels.

It's good to be a vacation rental home landlord in Florida it seems. Based upon a new report by the University of Central Florida's Rosen College of Hospitality Management, the annual economic impact of Florida's vacation home rental industry now exceeds $27 billion.

According to new data by CBRE, the short-term rental industry will expand to roughly 650,000 actively rented units in the U.S. this year, equal to 12.2 percent of the country's hotel-room supply, as the fast-growing sector further expands in suburban, rural and resort markets.

The Caribbean island chain of the Turks and Caicos has long been admired among travelers for its laid-back atmosphere, picture-perfect white sand beaches and crystal-clear calm waters, but it has stayed under-the-radar for second homebuyers.

According to AAA forecasts, more Americans than ever on record - 115.6 million - will travel this holiday season in the U.S., from Saturday, Dec. 21 through Wednesday, Jan. 1, 2020.

That beautiful song - "It's the Most Wonderful Time of the Year" - is very, very true! Most people are in good cheer at this time of year. Our homes and our fireplaces and our food and drink and our time with friends and family will all bring us wonderful memories in the future.

Last Updated July 20, 2018 9:00 AM ET

Latin America

According to a new Global Retirement Index by International Living Magazine, Costa Rica won the top spot for U.S. expats to retire in 2018.

Panama-based Red Frog Beach Island Resort & Spa announced this week the resort's newest amenity, La Rosa Beach Club. The new addition features event and meeting spaces, a bar, a restaurant, a stunning waterfall and an infinity-edge pool.

Billionaire real estate developer and U.S. President Donald Trump, who once considered building luxury hotels in Cuba, is getting set to swing a sky-high verbal crane over the tiny Communist-governed nation.

More than 33,830 rooms in 199 hotel projects are under contract in the Caribbean and Mexico. The total represents a 4.4% increase in rooms under contract compared with January 2016.

Cuban President Raul Castro has confronted U.S. President-Elect Donald J. Trump's hardball pitch to possibly break up President Obama's one year-old detente with the Communist island nation with a hardball gesture of his own.

According to STR, hotels in the Central and South America regions recorded mixed results in the three key performance metrics when reported in U.S. dollar constant currency during July 2016.

Last Updated January 31, 2020 9:00 AM ET

Europe

Based on new data by HVS London, AlixPartners and STR, London hotels saw RevPAR growth of 0.9% in Q4 2019, to £135.25 compared with the previous year.

"FIFA World Cup 2018 had the desired effect: the number of guests in hotels of cities that are traditionally in demand by Russian and international tourists has increased this summer. In Saint-Petersburg, for example, the occupancy broke a three-year record with market average result of 88%

In 2018 hotels in the city saw a 10.6% increase in RevPAR [rooms revenue per available room] year-on-year, but visitor numbers took a knock at the end of the year and the start of 2019 with the unrest caused by the 'gilets jaunes' movement.

According to HVS London, AlixPartners and STR, London hotels collective RevPAR rose 6% in Q2 2019 on the back of visitors traveling to the capital to watch the ICC Cricket World Cup and the Major League Baseball.

According to a new report from global hotel consultancy HVS, tourism numbers to the Hungarian capital of Budapest have risen by 12% over the past three years prompting a recovery in the city's hotel sector and stimulating further demand for vacation property assets.

Hotels in the two Russian cities of Moscow and Saint Petersburg recently enjoy the benefits of massive tourism inflows with the recent World Cup Soccer event.

Last Updated October 15, 2018 8:30 AM ET

Asia Pacific

Steadily increasing visitor arrivals to Hong Kong have resulted in hotel occupancy rates reaching all-time highs and triggering the return in hotel room rate growth.

Not only is it one of the top retirement havens for Australians, but with more than 250 courses scattered throughout Thailand, it has fast become a golfer's dream. Because of such, the editors at International Living Australia have just pinpointed the best golf courses in Thailand for 2018.

Hong Kong led the Asia Pacific region by volume of hotel investment transactions, with 11 deals worth a total of nearly $1.5 billion in the year to September 2017.

Asia hotel investors during the first half of 2017 remained focused on gateway cities such as Hong Kong, Singapore, Sydney and Melbourne, as they offer positive tourism and trading fundamentals.

According to a new report by JLL Hotels & Hospitality Group, the flurry of hotel mergers and acquisitions seen in 2016, with high-profile deals such as Marriott International's acquisition of Starwood Hotels & Resorts.

According to global hotel consultant STR, Japan's hotel industry has benefited substantially from the devaluation of the Japanese yen.

Last Updated May 29, 2018 8:01 AM ET

Middle East and Africa Pacific

According to STR, hotels in the Middle East reported negative April 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.

According to STR, hotels across the Middle East reported mixed Q1 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.

According to STR, hotels in the Middle East reported mixed performance results in January 2018, while hotels in Africa posted growth across the three key performance metrics.

According to STR, hotels in the Middle East reported negative 2017 performance results, while hotels in Africa posted growth across the three key performance metrics.

According to STR, the hotel industry in Dubai, recorded strong occupancy levels during the first quarter of 2017 despite continued and significant supply growth.

According to STR, the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday.

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