Based on the results of a poll conducted by the Bank of Montreal, a majority of Canadians are no longer interested in having a “staycation” over the winter. The concept involves people simply staying at home over a vacation period – in this case, winter vacation – rather than heading elsewhere. The poll data shows [...]
The timeshare industry all began in the 1960s when a ski resort owner in the French Alps came up with the idea of letting his guests “buy the hotel” instead of simply renting a room. From this innovative concept grew a multi-million dollar industry. As more and more individuals discover the benefits of vacation ownership, [...]
Fractional Life, a world-renowned luxury fractional ownership brand, is delighted to report that there is an estimated 20 percent increase in the Early Bird ticket sales for Fractional Summit 2011, Europe’s largest business-to-business fractional real estate event. “It’s great to see these tickets being snapped up,” said Tracey Carter, Fractional Life exhibition and conference manager. [...]
Real-estate investments (REITs) are expected to become more active by next year. A number of REIT executives and analysts have informed the Hotel Investment Barometer that REITs will be actively buying properties in 2011. According to John Arabia, managing director of Green Street Advisors, “They have been deleveraging balance sheets to pay off maturing debt. [...]
Passengers across Europe are still struggling to get back to their scheduled travel plans for the holiday season due to the continuing frustration and delays caused by snow disruptions across the region. The European Union’s top travel official has deemed the problem to be ‘unacceptable.’ Heavy snow has already disrupted numerous train and air travel [...]
The UK’s Office of Fair Trading (OFT) has announced earlier this week that it is taking court action against Incentive Leisure Group Limited, Personal Travel Group Limited and Geo Demographic Market Research Ltd (formerly known as the Direct Marketing Partnership Group Ltd) after having been involved in a series of pyramid schemes and timeshare frauds. [...]
Choice Hotels International Inc. has announced the opening of 33 new franchised properties in the month of November. These properties include hotels in 14 states and 7 countries, with more than 2,500 additional rooms. The new properties that opened in November include: Hotel Royal William, an Ascend Collection hotel – Quebec, Canada The Hotel Royal [...]
While currently under construction, the Hotel Viridian in Seagrove Beach, Florida is near completion of the first phase of its two-phase project. The project is at the core of a new downtown Seagrove project, with a total of 30 unique hotel rooms and 10 villas to be made available for sale under a fractional ownership [...]
It seems like the Consumer Association of Singapore (CASE) will have another case of scam added to its growing pile of timeshare complaints. D.R.I. & Chia Partners & Associates, which bills itself as an advisory firm, is raising timeshare owners’ suspicions after a couple complained of a fraudulent agreement with the company. Diana Lim and [...]
A five-star deluxe properties owner based in Hong Kong, Shangri-La Hotels and Resorts announced a newly signed management contract with Riverside Infrastructure, a subsidiary of MARG, to manage the Traders Hotel in Chennai, India which is set to be launched in early quarter of 2012. “It gives me great pleasure to be associated with Shangri-La [...]