I have been surrounded by technology for 20 years of my life. However, it appears that the world is changing much more rapidly just in the past few years. So many aspects of the world have been affected by technology. Let me recap some of them:
1) Licking stamps and sending mail is quickly becoming a thing of the past. The United States Postal Service is no longer a viable government entity because of fax and email. The projected USPS $238 billion shortfall in the coming decade is a direct result of emerging technologies overtaking a government who can not change with the times.
2) Thanks to the digital age, the publishing, book and movie industries have been turned upside down. Long time establishments such as Borders Bookstore and Blockbuster are things of the past. “While not all places that sell content — movies, music, newspaper and books — will go out of business within 10 years, many will likely lessen the number of storefronts and offer more online,” said Lorcan Sheehan, vice president of marketing and strategy for ModusLink, which helps high-tech companies design better supply chains.
3) Remember the travel agent? The Internet has given the power to the people to manage their own travel with ease. According to Ken Marshall, The Plain Dealer, “Since 1999, the U.S. travel agency industry has lost more than 75,000 jobs as more and more travel is booked via online sites that are backed by major airlines.”
4) Bringing down dictators: What has taken the United Nations several decades to attempt has been accomplished by Facebook and Twitter in a matter of months. The Middle East is rapidly changing before our eyes, as the power is being taken back by the people, and out of the hands of the dictators who have run these countries for decades. According to Globe and Mail, an estimated 3.4 million Egyptians use the social networking site, the vast majority under the age of 25. Egypt is the No. 1 user of Facebook in the Arab world, and No. 23 globally. It is the third most-visited website in the country, after Google and Yahoo. In one example during the recent revolt, some 80,000 Egyptians had vowed on Internet petitions that they would take part in the January 25 protests. Far fewer — some 20,000 — actually turned out, but political analysts were surprised that the organizers were able to translate their cyber protest into such large street actions. That is an astounding use of technology.
As I reflect on Resort Realty Capital, I am bringing together the power of technology – in sourcing great opportunities, sharing them with my investors, and keeping everyone updated in a way that would not have been possible just a few short years ago. In addition, I’m bringing the beauty and splendor of ski resort locations to investors who have a love for not only spending free time in the mountains, but investing in them.
One thing we know technology will never replace is leisure activities in the resort markets. Whether it is sitting on a beach and staring at the whales playing in the ocean, or taking a cool run down Vail Mountain on perfectly groomed corduroy lines, these experiences can’t be obtained through the world wide web. Get out and take advantage of your life with friends and family. As Warren Miller, ski industry icon says” “If you don’t do it this year, you will be one year older when you do.”
Darren Nakos, CCIM
Resort Realty Capital
111 Main Street
Frisco, CO 80443-0630
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