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Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
Westgate Resorts now encompasses more than 13,500 villas at 22 full-service resorts. [2] Siegel was recognized as a CEO of the Year honoree by the Orlando Business Journal in 2014. [3] In 2016 Westgate Smoky Mountain Resort suffered extensive damage from a fire, rebuilding is said to have begun quickly.
On March 30, 1993 Disney Vacation Development Inc announced plans for a 440-unit time-share resort 95 miles (153 km) south-east of Walt Disney World in Florida [7] with ground breaking on July 28, 1994. This resort hotel, today known as Disney's Vero Beach Resort, opened on October 1, 1995, as the Vacation Club Resort at Vero Beach, Florida. [8]
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This year, about 71% of low-income Florida residents and 42% of middle-income residents are expected to be "cost burdened" — or spend more than 30% of their income on housing — according to ...
Universal Orlando Resort, often shortened to Universal Orlando, is a 1,291-acre (522 ha) theme park and entertainment resort complex located in Orlando, Florida. Following the opening of Universal Studios Florida in 1990, MCA moved forward with plans to expand from a single park into a large resort hoping to compete with Walt Disney World .
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