Turning Raw Land into $865K/Year Colombia Resort
Summary
This video details the process of developing a boutique hotel resort in Medellin, Colombia, from acquiring raw land to projecting revenue. It highlights the market opportunities in Colombia, the unique design of the resort, and the challenges faced during development, including infrastructure and permitting. The video also touches on the importance of having a local team and understanding the economic factors like currency exchange rates.
More from Growth & Marketing
While travelers use AI to plan trips, only 8% trust it for booking. Expedia's report indicates trust remains with travel brands. Despite this, Expedia is strategically positioning itself across AI platforms with partnerships to reach travelers wherever they are. This could influence how hosts market listings.
MSC Group's Cruise Division is expanding its private island portfolio in the Bahamas, aiming to capture luxury travel demand. They're developing Sandy Cay, a secluded, luxury extension of Ocean Cay, focusing on curated experiences and personalized service. Investments in Ocean Cay include new dining venues and family-friendly attractions. This strategic move highlights the growing importance of private islands in the cruise industry.
The Short Term Shop, a vacation rental real estate brokerage, has surpassed $3.5 billion in short-term rental transactions, solidifying its leading position in the industry. This financial milestone demonstrates the continued growth and potential within the STR market and signals rising investor confidence.
Curated by Learn STR by GoStudioM