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Vacation News Edition | WORLD PROPERTY JOURNAL

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Rising Financial Wealth Drives Increased Demand for Vacation Homes in U.S.

Rising Financial Wealth Drives Increased Demand for Vacation Homes in U.S.

According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes. Read More »


Top 5 Inns to Visit for Autumn in America Revealed

Top 5 Inns to Visit for Autumn in America Revealed

Ahhh...It's Autumn! And after another scorching summer, who isn't ready for the cooler weather? Sweater weather! Pumpkins on porches! Children leading Moms and Dads to Halloween-costume stores. Read More »

Russian Hotels Enjoyed Occupancy Boost from FIFA World Cup 2018

Russian Hotels Enjoyed Occupancy Boost from FIFA World Cup 2018

"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% Read More »

Paris Hotels Back on Track After Rocky Start in 2019

Paris Hotels Back on Track After Rocky Start in 2019

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. Read More »


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Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »


Regional Vacation Real Estate News

Last Updated October 11, 2019 9:00 AM ET

North America

According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes.

Ahhh...It's Autumn! And after another scorching summer, who isn't ready for the cooler weather? Sweater weather! Pumpkins on porches! Children leading Moms and Dads to Halloween-costume stores.

For most of us, there's already a hint of Autumn in the air. The harsh, sidewalk-baking temperatures of summer have started to lower (for most of us!). The breezes are turning cooler.

The American Automobile Association (AAA) is forecast this week that a record-setting 49 million Americans are planning an Independence Day getaway this year.

Come summer and July 4, there's one thing all Americans agree on - it's time to celebrate the nation's very unique heritage, and very unique birthday.

According to CBRE Hotels Research's latest report, the U.S. lodging supply will increase at an annual pace greater than the long-run average through 2022.

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 October 1, 2019 8:20 AM ET

Europe

"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.

UK, Germany and Spain are the three most attractive hotel investment destinations in Europe, with more than two-thirds (69%) of investors identifying these markets as the preferred countries for hotel investment in 2018.

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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