Posts Tagged ‘vacation’

Holiday Airfares Rebounding From 2009

Monday, October 18th, 2010

The airline industry hasn’t had it easy in many, many years. But now that things are starting to look up in the economy, airlines are happily finding themselves with more paying customers paying more for their tickets.

  • The airline industry is finally recovering from the blows dealt by 9/11 and the global economic crisis… which means higher ticket prices for everyone.
  • This holiday season – the biggest travel season of the year – customers can expect to see fare increases of 7% to 18% over last year’s prices.
  • Because many travelers have been avoiding flying to save money, recent optimism about the economy is catapulting them back into airports. At the same time, airlines haven’t increased the number of routes or planes in their fleets.

Facts & Figures

  • The airline industry lost $58 billion between 2001 and 2009.
  • For the first time in 10 years, 86.3% of all available seats were filled on major airlines in June.
  • An estimated 41 million Americans will fly this November and December.

Best Quote

“It’s all about supply and demand. When people want to travel, it’s going to be more expensive.” – Tim Smith, Spokesman for American Airlines

Living In Walt Disney World

Thursday, June 24th, 2010

Walt Disney Co. plans to develop an expensive vacation-home real estate community – “Golden Oak” – in Walt Disney World in Florida.

  • Golden Oak homes will be priced between $1.5 and $8 million dollars, placing them at the very top of the Orlando area housing market.
  • Construction on the first homes is expected to be finished in 2011.
  • There is another real estate development next to the theme park – “Celebration” – that is more economically diverse and generally considered a successful project.

Facts & Figures

  • The average price of new home listings in the Orlando area in 2010 is about $243,000.
  • The proposed plan includes 450 homes, a 445-room Four Seasons hotel, 2 updated golf courses, a clubhouse, parks, walkways, and wetlands.

Best Quote

“This may be the first time that a kind of man-made entertainment center has generated that kind of real-estate activity.” – Elizabeth Plater-Zyberk, Dean of Architecture at the University of Miami