Vacation Real Estate News
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55.4 Million Americans on the Move Thanksgiving Holiday
55.4 million travelers will head 50 miles or more from home over the Thanksgiving holiday travel period. This year's Thanksgiving forecast is an increase of 2.3% over last year and marks the third-highest Thanksgiving forecast since AAA began tracking holiday travel in 2000. The top two years were 2005 and 2019, respectively.
Asia Pacific Tourism to Approach Full Recovery in 2024, Driving Hotel Sector Growth
According to new CBRE research, institutional investors are attracted to prime hotel assets in tier one markets across Asia Pacific, even though tourist arrivals in key destinations are only reaching 70-80% of pre-pandemic levels.
Asia Pacific Hotel Revenues to Rise in 2024 Despite Economic Volatility
According to JLL's Hotel Operators' Sentiment Survey 2023, hotel occupancy levels in the Asia Pacific (APAC) continue to rise steadily following the reopening of all key markets, the ramping up of air capacity, and a strong pick up in conferences and events around the region.
Tourist Bookings to Hawaii Down 50 Percent Since Maui Wildfires
According to AAA, two months following the devastating wildfires in Maui, most of West Maui will begin to reopen to visitors on Sunday, October 8, 2023. The tragic wildfires killed 97 people and destroyed much of the historic town of Lahaina.
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European Hotel Transactions Decline 18 Percent in 2022 as Interest Rates Surge
Posted on May 01, 2023
