Critical changes bring opportunity in emerging markets – RCI Ventures Q1/Q2 2017

With world economies in the grip of a ‘New Consumerism’ having the concept of a sharing economy at its core, there has never been a better time for all forms of shared-ownership, particularly the sharing of residential leisure real estate properties or holiday homes.

In recognition of the new consumerism and the new business investment opportunity it affords, several countries and regions, which have long been vacation destination hot spots, are now addressing the issues which have prevented the growth of the shared-vacation ownership models in their markets.

In the March 2017 edition of RCI Ventures business magazine serving the EMEAI region you will find news of what several key stakeholders in the Commonwealth of Independent States (CIS), Turkey and Dubai are doing to open up lucrative new investment channels in their hospitality sectors.

To create an environment in which shared-vacation ownership leisure real estate businesses can thrive, we are seeing the implementation of new legislation, trade bodies and trade associations, as well as much-needed infrastructure in those countries.

Dubai, in characteristic style meanwhile, is reinventing itself. In a multi-billion dollar transformation it is going from luxury real estate hub to a world-class family entertainment destination to rival Orlando; a development which benefits greatly from the strong and generous support of the Dubai government which is looking to ease its reliance on the price of oil by diversifying its natural assets as a leading tourism centre.

Georgia – the country and a neighbour to Russia – is also set to make a splash on the tourism map. This issue of RCI Ventures explores the business strategy of Alliance Group and its founder Akaki Songulia, who is set to invest in what is said to be a $5.54 billion residential leisure real estate market in the country.

Like Dubai, Georgia’s government is the architect of a plan to make tourism in this, as yet, largely undiscovered holiday destination gem, into a leading international tourism hub. Alliance Group is behind the government initiative 100 per cent and has launched several game-changing mixed-use leisure development projects in Georgia, partnering with some of the world’s best-known hospitality brands in the process.

This issue also revisits some familiar destinations and developers in the shared-vacation ownership sector, including a profile of Iiro Rossi, the man stepping into Vesa Tengman’s shoes as managing director of Finnish-based Holiday Club Resorts, and a welcome to Carlos Monserrat’s new venture on the Costa del Sol, Independent Management Services (IMS). The latter is working with various partners to investigate new opportunities and business models in one of Europe’s best-loved holiday hot spots.

The Q1/Q2 2017 issue of RCI Ventures magazine is a not-to-be-missed enlightening exploration of where the smart money is going in today’s hospitality sector.

You can read the latest issue by clicking here.