Americans are gearing up for a record-breaking Memorial Day weekend, with AAA forecasting that 45.1 million people will travel at least 50 miles from home between Thursday, May 22 and Monday, May 26. The figure marks a 1.4 million increase from last year and breaks the previous travel record of 44 million, set in 2005.
The Italian city of Lucca has emerged as a top performer in Tuscany's luxury real estate market, with property prices soaring 27% over the past five years, according to a new report from global property consultancy Knight Frank.
According to HVS' annual Hotel Valuation Index (HVI), hotel values in Europe saw a consistent 2.0% increase in 2024, driven by lower interest rates, modest RevPAR growth, and sustained demand for European travel from international visitors.
Based on Knight Frank's newly released Global Super-Prime Intelligence Report, a slowdown in luxury residential sales of properties priced over $10 million occurred across 12 major global cities during the three months leading up to September 2024.