CRTA Weekly Insider April 5 2024

CRTA INSIDER
Vacation Ownership News & Updates

Canadian Resort & Travel Association

April 5, 2024

CRTA MEMBER NEWS

RCI Reflects on 50 Years of Timeshare Exchange

Source: ARDA

In 2024, RCI reached a major milestone – marking 50 years since it pioneered the sharing economy by transforming the timeshare industry with the introduction of the first vacation exchange platform. Today, 3.5 million members around the world use the RCI network to unlock access at more than 4,100+ affiliated resorts in approximately 110 countries, plus great deals on hotels, activities, flights, and more.

2023 Q4 Pulse Report

Source: ARDA

Dive into the most recent findings of our 2023 Q4 Quarter-To-Date Pulse Survey, a detailed look at the timeshare and vacation ownership resort companies in the United States. Curated by the ARDA International Foundation and conducted by Deloitte & Touche, LLP, this survey unveils vital industry metrics like the stat provided below. Don't miss the chance to stay informed on the fourth quarter’s industry pulse of 2023!

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VACATION OWNERSHIP & TRAVEL INDUSTRY NEWS

Hilton Acquires Majority Controlling Interest in Sydell Group to Expand NoMad Hotels Brand Worldwide

Source: Hilton

Hilton is excited to announce it has acquired a majority controlling interest in Sydell Group to expand NoMad Hotels from its existing London flagship location to high-end markets around the world.

The addition of NoMad to Hilton’s brand portfolio will create new offerings for travelers seeking uniquely local luxury experiences and supports our focus on growing our portfolio to offer owners and guests new options in more markets for every stay occasion.

One Caribbean Canada launches new Caribbean tourism group

Source: TravelPress

One Caribbean Canada has launched a new Caribbean tourism group in Canada complete with a website promoting the Caribbean region.

The launch of this website represents the collaboration of multiple Caribbean tourism offices wishing to promote their countries to the Canadian market and to be a Caribbean travel resource for consumers, travel advisors, journalists and meeting planners.

CBP Reveals Fee Changes for Global Entry, Other Trusted Traveler Programs

Source: TravelPulse

The U.S. Customs and Border Protection (CBP) has announced fee changes for Global Entry, NEXUS, and SENTRI—the first pricing update in over 15 years. Find out more about these programs, including the new cost

Airlines Have Jacked Up The Cost Of Reward Travel Since 2019

Source: Phocuswire

The cost of reward travel at airlines in the United States has jumped sharply since 2019, eroding the value of frequent-flyer points, according to an analysis by consulting firm IdeaWorks.

In a study published April 2, IdeaWorks found that the lowest daily average price of tickets purchased with points or miles was up 28% in March 2024 compared with March 2019, a figure that exceeds inflation by 7 percentage points.

Canada is getting a new airline with direct service to Bermuda and no middle seats

Source: Narcity Canada via MSN

Offering low-cost airfare, no middle seats, and an affordable business class, here's what to know about the new airline.

BermudAir launched in 2023 as the first Bermuda-based airline with year-round service catering to "business and tourism needs with comfort, connectivity, and convenience."

The airline will be launching its first flights from Canada this spring, with new routes from Toronto and Halifax.

The Golden Rules of Retirement Travel

Source: Conde Naste Traveller

Bonni and Bob Gumport travel regularly in their retirement. Not beholden to one short vacation a year (they average seven big ones), their compounding experience has allowed them to develop a code of rules by which they abide—tips and tricks to use wherever they go.