HUNTSVILLE, ON, June 17 /CNW/ - Although fractional resort developments have been around for a few years now, the perception lingers that the "story" around this approach to vacation property ownership is more about real estate than tourism; that fractional developments are just another way to own a cottage. Truth is, fractional developments are helping to drive the tourism industry in Muskoka.
Since 2007, a number of economic events have conspired to drag down tourism numbers; the recession, a strengthened Canadian dollar and competition from other markets is stronger than ever. This has translated into fewer rooms booked at long-established resorts and less money in the local economy.
However, it could have been worse. Just prior to the economic downturn, the concept of fractional developments was coming on-line in the area, providing an alternative to traditional cottage ownership.
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