The Origin and Development of Holiday Real Estate

From the perspective of urbanization, with the gradual disappearance of inter-city transportation network, public transportation and investment boundaries, the regional breakthrough of service areas and the demise of local protectionism, holiday real estate is facing greater market space and opportunities, and regional resource development will be placed in a larger geographical scope for optimal allocation, thus exerting greater value.

Holiday real estate originated from the holiday castles of medieval hereditary nobles along the Mediterranean coast of France, and began to form a certain market scale in this century. At the beginning of the last century, a large number of seaside villas were developed along the Mediterranean coast, and European and American government officials, nobles and wealthy businessmen flocked to them, which became the leisure and holiday center of the world and even Europe for a time.

In just a few decades, holiday real estate has experienced the process of emergence, development and rise abroad. 1960s-the birth of holiday real estate.

In 1960s, the villa resorts in the French Alps developed the time-sharing method for the first time to attract customers, which marked the beginning of the holiday real estate market. Nowadays, timeshare hotels, golf resorts and leisure villas are all over the world, pushing the European holiday real estate market to a climax. 1970s-Development of Holiday Real Estate

In the mid-1970s, due to the recession and bubble economy in the United States, a large number of real estate overstocked and vacant, especially a large number of villas developed during the market boom. In order to deal with the backlog and vacancy and fully revitalize idle assets, the United States introduced the concept of Time Right Hotel from Europe and achieved great success. 1977 More than 95% holiday properties in the US market are transformed from other projects. After 1987, a large number of investors and developers entered this field one after another, which made the product model clearer and the laws and regulations sound accordingly. Supporting services and management industries have also matured rapidly. The 1990s-The Rise of Holiday Real Estate

From 65438 to 0999, the global sales of timeshare real estate reached $6.72 billion, and 5.4 million families participated in timeshare network. In recent years, a number of new timeshare network companies have emerged in the market, such as SUNTERRA, which mainly develop holiday real estate. They not only run the exchange business, but also develop and sell timeshare hotels themselves. They have developed 89 resorts and 5,600 units in the United States, Canada, Australia and other countries.

In Asia, Japan, South Korea, the Philippines, Thailand, Malaysia, Singapore and other countries have been playing the "tourism holiday card" in recent years, and vacation, weekend vacation, travel vacation, conference leisure, sports health and leisure are in the ascendant. A large number of international financial investors, real estate developers and hotel investment management institutions have participated in the development of holiday real estate and achieved objective benefits. Since then, holiday real estate, as an important branch of the real estate industry, has developed all over the world and set off a wave of world investment.