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Timeshare Industry News
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October 17, 2019

It's a story of green and growth in the recent headlines over on Tivoli Hotels are to open their first property in China. The Portuguese hospitality brand are diversifying their portfolio with a  move into Chengdu, the capital of Sichuan Province, and the communication centre of southwest China. Read more about this exciting new development here

HGV continue their expansion plans with their third resort opening in Myrtle BeachOcean Enclave by Hilton Grand Vacations Club. The beachfront resort is a 27-storey, oceanfront tower resort comprised of 330 one-, two- and three-bedroom suites with full kitchens, private balconies and spacious living and dining areas.

Technology firm Merlin, which provides cloud-based enterprise software for timeshare and fractionals, is opening a satellite office in Mauritius in order to be closer to their client base in the east.

Leading Portuguese hotelier Pestana Group has become the first hotel group in the world to issue ‘green bonds’, in accordance with the International Capital Markets Association (ICMA). The ‘green bonds’ are issued as an indicator for financing investments in projects that respect sustainability principles. The funds raised will be used to refinance two innovative sustainability projects: Pestana Tróia Eco-Resort and Pestana Blue Alvor.

And in other news: