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CRDA Announces the 2013 Vacation Ownership Conference
The Canadian Resort Development Association announces the 2013 Vacation Ownership Conference. "VO-CON" will be held in Vancouver, BC on October 22-23. VO-CON's mandate is "Exploring The Business Of Vacations". The event will bring vacation ownership industry executives together for one-and-a-half days of networking and learning. To be profiled as an official sponsor or speaker, please click read more.
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North Muskoka Resorts welcome return of S.S. Bigwin
After an absence of 44 years, the historic steamship the S.S. Bigwin is once again carrying passengers over the waters of the beautiful Lake of Bays, and members of the Resorts of North Muskoka Group, an association of 14 small and midsized housekeeping cottage resorts, full service resorts, lodges and inns located in Muskoka between Huntsville and Algonquin Park, couldn't be happier with this exciting new north Muskoka attraction.
Legislation aimed at timeshare resellers
World Property Channel
New legislation approved in Florida seeks to protect consumers from unscrupulous timeshare resellers, who are often accused of taking advantage of owners desperate to sell their timeshares. Complaints against timeshare resellers have grown as more timeshare owners look to sell their units. In many cases the timeshares have lost anywhere from 50 to 70 per cent of their original value. Many sellers are elderly and easy targets for fraud.
Interval International promotes Miami-based executives
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group, announced the promotions of Michelle DuChamp to vice president of business development, and Torey Marcus to vice president of creative services. Both are based in Miami and report to Bryan Ten Broek, senior vice president of resort sales and business development for the U.S., Canada, and the Caribbean.
RCI welcomes new affiliates in Mexico
RCI, the global leader in vacation exchange, has enhanced its portfolio of more than 4,000 affiliated resorts in more than 100 countries with the additions of Emporio Hotels & Resorts, Buenaventura Grand Hotel & Spa and Aak-Bal to the company's exchange options. "It is with great pride that we welcome Emporio Hotels & Resorts, Buenaventura Grand Hotel & Spa and Aak-Bal to our network of affiliated resorts," said Ricardo Montaudon.
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Increase in recreational property sales on Island, but Valley mired in a slump
Sales of recreational properties on Vancouver Island are slowly recovering as prices continue a correction from pre-recession highs, according to a new report. The real estate company says Saltspring Island and the Ucluelet-Tofino areas are showing slight increases in sales compared to 2012.
Ranch fixer-upper flips
The Wall Street Journal
Real-estate private-equity firms have been buying everything from ski resorts and luxury condos to single-family homes. Now, a Dallas-based fund, whose investors include T. Boone Pickens, thinks it can profit from one of the last unconquered corners of the property market: recreational ranches.
Hilton's newest hotel is number 4,000
Hilton Worldwide's opening of the Hilton Shijiazhuang in the Hebei province of China. Not only is this a milestone in terms of geography, but also in numbers, as it is Hilton's 4,000th hotel. Anchored by a focus on global expansion and a portfolio of industry-leading brands, Hilton Worldwide has been the fastest growing global hotel company since 2007, adding over 1,100 hotels and increasing its room count by 33 per cent.
Allegiant Air thrives on routes while other airlines ignore small cities to sunny vacation spots
There are no sure things in this city with one exception: Allegiant Air. While other U.S. airlines have struggled over the past decade from the ups and downs of the economy and the price of jet fuel, Allegiant has been profitable for 10 straight years. The tiny airline focuses on a niche ignored by other airlines. It only flies from small cities to sunny vacation spots.
MGM Resorts International partners with NRG Solar to launch commercial solar project
MGM Resorts International and NRG Energy announced the planned installation of one of the largest rooftop solar photovoltaic arrays in the world at the Mandalay Bay Resort Convention Center in Las Vegas. The 6.2-megawatt installation will be MGM Resorts first commercial solar project in the United States and will generate enough electricity to power the equivalent of 1,000 homes.
Real estate is booming in Vegas, but it may be too late
If you've been waiting to buy a home, you may have waited too long, at least as far as mortgage rates go. The 30-year-fixed rate rose to 4.61 per cent, the highest since April 2011. Like the weather, the real estate market in Las Vegas has been red hot lately. But it's not hot enough for homeowners who bought at the peak of the last boom.
Developer breaks ground on Hollywood condo-resort
The Costa Hollywood Condo Resort at Hollywood Beach is one step closer to reality. The project's developer held a groundbreaking ceremony for the new upscale resort and retail shopping district, which is expected to be completed by the first quarter of 2015.
SellMyTimeshareNOW.com publishes 2013 timeshare demand index
Inside the Gate
Timeshare resale and rental leader, SellMyTimeshareNOW.com, has published the 2013 Timeshare Demand Index (TDI). The report establishes the 100 most in-demand timeshare resales and timeshare rentals based on the number of offers to buy or rent received through the company's websites over the past year.
Changes approved for huge Strathearn redevelopment project
A new, larger plan that will align the huge Strathearn redevelopment with Edmonton’s southeast LRT was passed by city council despite concerns the move is premature. The long-delayed project, featuring four highrise towers 20 to 23 storeys high and more than a dozen smaller apartment buildings.
Omni Hotels add 5 resorts to their collection
Omni Hotels has just added five resorts to their portfolio, thanks to a recent sale with private equity firm, KSL Capital Partners, including one hotel that will feature one of the original luxury wellness centers, Canyon Ranch. The following hotels are now being rebranded with the Omni name and brand standards, which include free WiFi for all Omni SelectGuest members.
Report: Strong growth to continue for U.K. tourism
London Tower BridgeThings are looking good for the U.K. tourism industry. In the wake of the Diamond Jubilee and the Olympics, the U.K.'s tourism figures continue to look buoyant. Although there is some threat of a so-called hangover effect in the coming year, which could have a negative impact on tourist arrivals figures and the accommodation industry, as numbers see a small slump following the 2012 highs.
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