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Vacation News Edition | WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

54 Million Americans Traveling Thanksgiving Holiday, Most Since 2005

54 Million Americans Traveling Thanksgiving Holiday, Most Since 2005

The American Automobile Association is predicting over 54.3 million Americans will journey 50 miles or more away from home this Thanksgiving, a 4.8 percent increase over last year. Read More »


Top 5 Great Thanksgiving Getaways Revealed

Top 5 Great Thanksgiving Getaways Revealed

Thanksgiving has always been one of my favorite holidays...maybe because it's celebrated by all Americans, of all political stripes, from all corners of the world, and by adherents of all religions. Read More »

 Hong Kong is Asia's Fastest Growing Hotel Market in 2018

Hong Kong is Asia's Fastest Growing Hotel Market in 2018

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. Read More »

Top 5 Autumn Vacation Getaways in America Revealed

Top 5 Autumn Vacation Getaways in America Revealed

If March comes in like a lion and goes out like a lamb...then Autumn often comes in like a lamb and goes out like a lion. To me, though, Autumn is one of the sweetest parts of the year, when the foliage takes on a technicolor-glow, the temperatures are cool and refreshing. 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 November 21, 2018 9:04 AM ET

North America

The American Automobile Association is predicting over 54.3 million Americans will journey 50 miles or more away from home this Thanksgiving, a 4.8 percent increase over last year.

Thanksgiving has always been one of my favorite holidays...maybe because it's celebrated by all Americans, of all political stripes, from all corners of the world, and by adherents of all religions.

If March comes in like a lion and goes out like a lamb...then Autumn often comes in like a lamb and goes out like a lion. To me, though, Autumn is one of the sweetest parts of the year, when the foliage takes on a technicolor-glow, the temperatures are cool and refreshing.

There are good reasons why citizens of many countries should, and indeed, have a right to acquire a second citizenship, particularly in a new country where taxes are reasonable.

Late-summer, to me, is one of the most beautiful times of the year. The summer heat is starting to break. Nights are a bit cooler. Days start to get a bit shorter. There's a hint in the air of the Autumn breezes that will come soon.

According to the American Automobile Association (AAA), a record-breaking 46.9 million Americans will travel 50 miles or more away from home this 2018 Independence Day holiday.

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 September 26, 2018 9:02 AM ET

Europe

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.

According to global hotel industry consultant STR, there are 184,299 hotels comprising 16,966,280 million rooms around the world in the first quarter of 2018. That number of rooms represents a 17.7% increase over the last 10 years.

Both Moscow and St. Petersburg luxury segments' Average Daily Revenue (ADR) crossed a threshold of RUB18K for the first time.

The market in the Russian capital is still riding strong, gaining volume of rooms sold in most segments and rates in some. Overall, the weighted market average occupancy of the quality hotels in the Russian capital had risen 2.6 ppt.

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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