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The global hospitality industry entered 2014 on an upward growth trajectory; a greater sense of optimism was palpable across most regions, as accelerating capital markets, favorable supply and demand balances, and strong investor appetites fueled higher transaction volumes and strengthened lodging fundamentals.
Improvement in the global second-home and overall lodging markets, particularly in gateway and primary resort destinations, combined with an updated regulatory framework is causing a resurgence of interest in condominium hotels.
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