The Fractional and Shared Ownership Trade Association (FSOTA) has mandated that fractional companies, operators and developers must comply with the new European Union Timeshare Directive, which is set to be implemented on February 23, 2011. Some countries, notably France, have already put the Directive into practice, while others such as the UK and Finland recently filed [...]
The arrival of the summer season alerts businesses with the increase in consumer traffic, where they can benefit from the holidaymakers’ getaway. Airlines have raised their baggage charges, which is why some vacationers are leaning towards the option of bringing nothing but themselves to embrace summer with “Nakation”. Skyscanner has disclosed that 2% of the [...]
Hilton Hotels has invested more than US$15 million for the renovation of Rosemont Hotel at O’Hare, which will be reflagged as the Hilton Rosemont/Chicago O’Hare. The estimated budget is dedicated to overhauling the property including the its guestrooms, corridors, health club, meeting rooms, restrooms, conference center, grand ballroom, onsite dining areas, as well as its [...]
Alpha Panareti, a land and property developer specializing in the design and building of award-winning major resort complexes in popular locations across Cyprus, has launched its first fractional real estate program. Consisting of 75 properties grouped around a swimming pool on the edge of the village of Peyia, The Coral View Club is located just five [...]
A collaborative internet company, Columbus Internet announced the launch of ‘Travel WithMe,’ a new companion that will assist you with your travel plans while staying in touch with your friends and family on Facebook. The new application provides real-time updates and multi-user planning ability that can also run with ithme.travel and GoogleWave. “Travel WithMe is [...]
Ascott Limited (Ascott), CapitaLand’s wholly-owned serviced residence business unit, will soon be making its presence felt in Bali, Indonesia. The company recently signed a contract to manage a 174-unit serviced residence in Kuta which will soon be named Citadines Bali Kuta, to open in 2012. Ascott is currently the largest international serviced residence owner-operator in [...]
The Association of International Property Professionals (AIPP) announced the recent appointment of Nick Turner, the Vice President and Head of New Business Department of The Registry Collection, as a Board Executive. “We’re very pleased to welcome Nick Turner to the board of AIPP. Bringing market leaders together to steer the international industry is key to [...]
Adding two new scenic Monterey Peninsula hotels to its impressive portfolio is Utell Hotels & Resorts. The two best-value hotels, Monarch Resort and Magic Carpet Lodge, are the latest addition to the company’s collection of more than 9,000 hotels in nearly 150 countries, and offer value and access to countless attractions in California’s sought-after Monterey Peninsula, [...]
The Muskokan Resort Club has recently introduced a thrilling new concept in boat ownership with The Muskokan Resort Boat Club. With the new program, the resort club is able to provide fractional owners the opportunity to enjoy all the benefits of owning a boat, minus all the hassles and high costs associated with boat ownership- [...]
It’s only less than two years before the London 2012 Olympics, and Londoners are expected to spawn a new source of income as thousands of visitors from all over the world set foot on their country. According to HomeAway Holiday-Rentals, market leader of the online holiday rentals industry, savvy London nationals stand to make millions [...]