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Caribbean still world's most popular timeshare destination
St Kitts & Nevis Observer
A top Interval International sales executive says the Caribbean timeshare industry is surviving the global economic slump with the demand for timeshare rooms far outpacing the available inventory in the region.
The disclosure was made by Neil G. Kolton, Interval's director for Caribbean and Florida Resort Sales and Service. Mr. Kolton made his remarks at a recent breakfast press conference with Caribbean journalists at Interval's annual conference.
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New trends in the travel industry
The vacation ownership segment is one of the high growth segments in Indian travel and hospitality industry. According to the All India Resort Development Association (AIRDA), this sector is a huge contributor to the growth of domestic tourism. This sector has been growing at a CAGR of 18 to 20 per cent in the last five years.
Shared ownership could help plug the housing gap
Buying a home is increasingly out of reach for many, yet 78 per cent of people want to be a homeowner. A revamped form of shared ownership could be the answer. Home ownership is in decline. Rising house prices, falling wages and restrictions on mortgage lending have left this common aspiration far out of the reach of the vast majority of low- and middle-income households.
Missed last week's issue? See which articles your colleagues read most.
Wyndham planning renovation of Grand Rio Mar resort in Puerto Rico
The Wyndham Grand Rio Mar Beach Resort & Spa in Puerto Rico is planning a large-scale renovation, Puerto Rico Governor Alejandro Garcia Padilla announced.
The property has pledged to invest about $500 million total in infrastructure, including $157 million for the renovation of 400 hotel rooms, the conversion of 200 rooms and 132 apartment units and the construction of 155 additional units.
Interval International expands its relationship with Grupo Vidanta in Mexico
The Wall Street Journal
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group, announced the addition of The Grand Bliss Riviera Maya and The Bliss Nuevo Vallarta, luxury shared ownership resorts in Mexico. Developed by Grupo Vidanta, these properties follow Grand Luxxe Residence Club Riviera Maya, which joined Interval's global network in 2011.
RCI adds more than 50 new affiliated properties to exchange network in third quarter of 2013
Inside the Gate
RCI, the global leader in vacation exchange and part of the Wyndham Worldwide family of brands, added 57 new properties to its global exchange network in the third quarter of 2013. The newly affiliated properties include resorts in Asia, Europe, Latin America and North America. "This was a fantastic quarter of affiliations for RCI, adding many beautiful properties across several of our global regions," said Gordon Gurnik, president, RCI.
Canada among lowest countries with average vacation days
The holidays are a little over a month away and no doubt many Canadians are counting the days to their vacations.
Unfortunately, it may be one of the few times they get away from the daily grind of work.
According to QMI, with our number of statutory holidays and how many days companies are required to give off, many Canadians receive just 19 days off a year.
Japan bets on luxury ski resort
The Wall Street Journal
Niseko, on Japan's northern island of Hokkaido, is Asia's top ski resort, the vacation retreat of the Japanese prime minister, among legions of serious skiers. Visitors are drawn by some of the world's best snow: 622 inches of fluffy deep powder last season, beating the 539 inches on Washington state's Mount Baker, generally thought to be the snowiest ski resort in the world.
The advantages of relocating to The Bahamas
With the globalisation of business there has been a corresponding surge in the movement of executives and their families, and in some cases businesses themselves, in relocating to new countries. In many cases the relocation has been temporary but for a growing number the move has been permanent, sometimes by design but on many occasions by choice.
Business reviews now available on the Canadian Vacation Ownership Industry Buyer's Guide
Nearly seven out of 10 people read online reviews before making a purchase, and in the business-to-business world, reviews are even more important in the decision-making process. To help in your purchasing decisions, we are pleased to announce that we've now incorporated business reviews into our Canadian Vacation Ownership Industry Buyer's Guide. Now you have the opportunity to share your experiences with a company's products or services with your fellow colleagues, or read what others have to say about a potential future vendor. We are building a valuable resource to Canada’s ownership-based resort and leisure industry, but need your help to get it started Visit the Canadian Vacation Ownership Industry Buyer's Guide to search for qualified product and service providers and write a review.
Free tools from RCI to help affiliates do business
The two free RCI online systems — designed to increase the efficiency of day-to-day operations, while taking some of the work involved, from enrolments to reporting – off the shoulders of resort operations staff are available to its affiliates.
Recent Caribbean survey reveals spending habits of timeshare vacationers
Interval International has announced that vacation owners and their guests who travel to St. Maarten stay an average of 10.9 nights and spend more off site than on property for a variety of expenditures. In addition, their average annual household income is reported to be more than $147,000, reinforcing the affluent nature of timeshare owners who visit the island.
Calistoga Ranch sold for more than $1 million per room
The Weekly Calistogan
Auberge Resorts and a group of partners including vintner Bill Foley have purchased Calistoga Ranch, a 50 room boutique resort, from Olympus Real Estate for an estimated $50 million.
The exact purchase price for the resort was not revealed but the group paid more than $1 million per room, said David B. Deniger, managing partner of Olympus, in a news release.
Canada's top 8 ski resorts
Trying to decide which Canadian ski resort to visit on your winter holiday? The results of the first ever World Ski Awards may hold your answer. The awards honoured the best ski resorts around the world, from Australia and the U.S. to Russia and Japan. See the eight nominees from across Canada in the category of best ski resort and discover which Canadian ski resort was named as the best in the country for the 2013-2014 ski season.
Chinese steer billions abroad in quest for safety
More than a dozen Chinese developers gathered for breakfast at a Los Angeles hotel before taking off for meetings with property brokers, attorneys and potential business partners.
The visitors, none of whom have invested in U.S. real estate development before, would then catch an evening flight to San Jose and meet with more property executives there and in nearby San Francisco.
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