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More  Pierre et Vacances : MGM, Center Parc
Tourism Residence |
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The Residence, a niche for home developers
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What is a tourism residence?
At business is a niche for developers. But the tourist residence is neither a hotel nor a conventional property lease. A tourist home is a rental housing rented for short periods: 1 day to several weeks in general. If the rental stock is owned by many individuals, it does not pay the rent directly but through a management company housing, which often proved to be also the sponsor of this rental stock.
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The success of the tourist home
Today in France, the residence of tourism represents nearly 137 000 homes for 540 000 beds. These have received in 2008 almost 12 million people! That last 4 years the number of beds grew from 10 000 per year, but remains very likely that this will subside in 2009. In any case, the sector generates more than 20 000 direct jobs
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A stress-free niche for developers
The industry took off in the last 20 years and even more for 10 years thanks to tax incentives granted by the State to individuals. Indeed they were the owners of property in more than 70% of cases! The rest of the housing then being shared between 20% professionals and 10% institutional. The purposes and does sponsor his project if he finds a high rate of pre-purchase housing stock. For example, Pierre et Vacances will launch a project of real estate rentals if the post-launch booking amounted to 60% minimum.
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