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Originally Posted by Peter Mitry
You are absolutely right; but I am ever the optomist. Are you involved in the travel/airline industry Mark? We need an insite into what makes these guys recognise a huge potential market when they see one....
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No, I am afraid I am not involved in that industry Peter.
My insight and comment came from previously owning a villa in Kissimmee (by Disney World). We successfully rented that out but sold up a couple of years ago as the amount of new building looked to be never ending.
Those who watch the Florida property market, as I have continued to do, will know that prices have been falling for some time. This has partly been caused by fairly recent, foreign (often Brit), buyers believing that 40 weeks a year rental is no problem to achieve. Having paid inflated prices for their properties, they now find that with the huge amount of properties available to the rental market they cannot break even and have to sell up.
I feel very sorry for many of these people as they believed the promises made to them by "over zealous" developers. Many of them have no business background and have been left pretty high and dry.
Back to the real point, I guess the one thing that would really help people trying to rent out would be a concerted advertising campaign highlighting the climate and the (relative) proximity of Egypt. This would require the sort of money that only the Egyptian Government has though so if anybody has any contacts there - try lobbying them. If enough visitors travel such that the occupancy rates of the current flights rise then the airlines will put on extra flights - this happened some years ago on the Orlando routes.
Mark .Y.