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Visitors play a large part in Destin's economy – the city's population of around 12,000 balloons to 40,000 during the tourist season. [4] Real estate in Destin, Florida, is comprised in large part by privately owned vacation rentals, consisting of condominiums, beach homes, townhomes, resorts, studios, cottages, and a few bungalows.
The World's Most Amazing Vacation Rentals is a 2021 American Netflix series following three hosts as they travel the world visiting unique, budget, and luxury vacation properties. Netflix streamed two seasons of the series, the first of which premiered on June 18, 2021.
The term "timeshare" was coined in the United Kingdom in the early 1960s, expanding on a vacation system that became popular after World War II. [1] Vacation home sharing, also known as holiday home sharing, involved four European families that would purchase a vacation cottage jointly, each having exclusive use of the property for one of the four seasons.
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In early 2009, The Associated Press reported [4] that the project had collapsed financially; investors who had put down deposits on the project condos faced a total loss of their down payments (typically $200,000 – $300,000 per person).