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CRTA INSIDER
Vacation Ownership News & Updates
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| Canadian Resort & Travel Association |
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| Tourism Industry Association of Ontario Calls on Government to Optimize Municipal Accommodation Tax Framework | Source: Tourism Industry Association of Ontario (TIAO) | After seven years of industry consultation and feedback, TIAO believes that now is the right time to address barriers in the current regulation. These simple updates would allow stakeholders to realize the benefits that the MAT stands to bring to communities across the province, and to help municipalities push past the challenges to ensure that the MAT can best meet its objectives of supporting the growth and development of local visitor economies. |
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VACATION OWNERSHIP & TRAVEL INDUSTRY NEWS | VACATION OWNERSHIP
& TRAVEL INDUSTRY NEWS
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| Morgan Stanley Pounds the Table on These 2 Timeshare Stocks | Source: Business Insider | So, while it’s not surprising that timeshares have underperformed in recent years, consumers are starting to move back into them – and that opens an opportunity for investors. Analyst Stephen Grambling, covering the timeshare leisure sector for Morgan Stanley, notes that timeshare stocks are frequently underappreciated by investors – but that the industry is on the cusp of a bullish cycle. |
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| Alberta tourism operators look to capitalize on weaker Canadian dollar | Source: CBC News | Some members of Alberta's tourism industry are optimistic a weak Canadian dollar will bode well for their businesses, and in some cases it already has. Banff Sunshine Village says it's seeing more Americans hit the ski hills this winter, a bump attributed in part to the Canadian loonie that has been hovering for weeks around 70 cents compared with the U.S. dollar. |
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| With a Trump travel ban possible, travel organizations call for caution | Source: Travel Weekly | ASTA and the U.S. Travel Association reacted to language in one of Trump's many executive orders on Monday that could lead to a ban on travel from countries considered a security risk. The order calls for "enhanced vetting and screening" of people entering the U.S. and mandates that within 60 days, security agencies and the State Department produce a report "identifying countries throughout the world for which vetting and screening information is so deficient as to warrant a partial or full suspension on the admission of nationals from those countries." |
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RANDOM BITS & NEWS BITES | RANDOM BITS & NEWS BITES |
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| Tariff threat should force British Columbians to rethink travel to the U.S., premier says | Source: CBC News | British Columbians should rethink their vacations to the United States in light of Donald Trump's tariff threat, Premier David Eby said Tuesday. The U.S. president said Monday that 25 per cent tariffs on Canadian goods could take effect as soon as Feb. 1, which Eby called a "deliberate economic attack" on B.C. families. "We should really be thinking carefully about spending our money in that country," he said. "We will not spend money in a country that wants to do economic harm to Canadians." |
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| Travel companies refund Sask. families after non-disclosure fiasco at Mexican resort | Source: CBC News | Compensation is coming for two Saskatchewan families who went public about their treatment at a Mexican resort where they say staff pressured them to sign non-disclosure agreements to prevent bad reviews after the travellers got sick. WestJet, Sunwing sent families apologies, compensation offers after pressure to sign non-disclosure agreement. |
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| Could Fractional Real Estate Ownership be disrupted by Tokenization? | Source: Resort Trades | The concept of fractional ownership has been around for decades, allowing multiple individuals to own a share of a high-value asset such as real estate, private jets, or yachts. However, with the rise of blockchain technology, a new method of managing fractional ownership is gaining attention — tokenization. |
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| Canadian Resort & Travel Association 3434 McKinley Beach Dr. #404 Kelowna, BC V1V 0H3 Canada | +1 (647) 613-5464 | [email protected] | canadianrta.org |
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