Tag: tourism economy
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Why Victoria’s Airbnb Boom Deepens the Rental Crisis in Holiday Towns
Overview: A Market Tilt Toward Profit Victoria’s beloved tourist towns are facing a housing squeeze as a growing share of Airbnb listings are controlled by property investors rather than genuine residents. The trend, driven by the lure of short-term holiday profits, has shifted the rental market dynamics away from long-term leases toward nightly stays. For…
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Canadians Hold Back, U.S. Tourism Suffers: The $5.7B 2025 Hit
Overview: Canada’s Travel Boycott and the U.S. Tourism Dip Canadians continuing to limit or pause leisure trips to the United States are reshaping the country’s tourism landscape. A forecast from the U.S. Travel Association projects a 3.2 percent decline in international tourism spending in 2025, translating to a $5.7 billion shortfall for the U.S. economy.…
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Malay Eyes Cityhood: Boracay’s Gateway Region Moves Toward City Status
Malay Seeks Cityhood: A Step Toward Elevating Boracay’s Administrative Role The town of Malay in Aklan province, best known as the home of Boracay Island, is pressing ahead with plans to convert from a first-class municipality into a component city. The push, championed by Rep. Florencio “Joeben” Miraflores of Aklan’s second district, was the centerpiece…