Vacation Real Estate News
Top Vacation Real Estate News
Record 71 Million Americans Traveling Over July Fourth Week
Based on recently released AAA projections, 70.9 million travelers will journey 50 miles or more from home over the Independence Day holiday period in 2024.
Major Hotel Operators Expanding Rapidly Across Asia Pacific in 2024
Hotel owners and operators are adjusting their operational and branding strategies in response to increased labor and utility costs, limited new supply, and the extended peak of the interest rate cycle.
44 Million Traveling Memorial Day Weekend, Second Most in History
AAA is forecasting that 43.8 million people will travel 50 miles or more from home over the Memorial Day holiday period. This year's number of travelers represents a 4% increase from last year, approaching the 2005 record of 44 million Memorial Day travelers.
South Korea is Asia Pacific's Top Performing Hotel Market
According to CBRE, strong domestic and international demand have established Korea as one of the top-performing hotel markets in the Asia Pacific region over the past two years.
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European Hotel Transactions Decline 18 Percent in 2022 as Interest Rates Surge
Posted on May 01, 2023
