BP Oil Spill Gives Myrtle Beach Property Management A Boost In Tourism
Saturday, September 4th, 2010Tourism in Myrtle Beach, SC has gotten a major boost from the Gulf Oil Spill, many are starting to ponder if this could effect the real estate market too?
Business Owners from hotels, restaurants, bars and many of the retail shops along the Grand Strand are seeing a boom in business! All types of business owners have reported jumps in their business as a result of the catastrophe in the Gulf. Many vacationers that typically plan to vacation in the Gulf have adjusted their travel schedule due to the hugh effect the oil spill has created in the waters along the beach and resort areas. Many tourist are concern about encountering oil soiled beaches and are making a beeline to Myrtle Beach instead.
Calls are streaming in from travelers concerned about the spill and looking for a different beach destination to visit this year, These are the reports from the Myrtle Beach and North Myrtle Beach Chamber of Commerce.
Fishing Charters have seen as much as a thirty percent increase compared to the 2009 fishing season. As the condition in the Gulf continues to worsen, many of the recreational anglers have begun their quest for new waters to partake in. Currently there are about 80,000+ square miles of federal waters, that’s roughly a third of the federal waters in the Gulf, where there is currently a NO FISHING policy in effect.
ResortQuest out of Florida, which also have outfits in South Carolina has booked at least $40,000 worth of their existing reservations with their Myrtle Beach property managementdue to their clients changing plans from the Gulf Coast. Their company marketing executive has stated that a good portion of their $18 million in reservations along the Gulf Coast will be shifting directions to the Grand Strand.
Resort occupancy along the Strand are continuing to increase since the holiday weekend, but this year it is for another reason.
This past Fourth of July weekend AAA reported a marking 17% increase from the previous year. Many of Myrtle Beach’s hotel owners are saying its an unfortunate situation but, the Gulf Oil spill is having a very positive impact on the Grand Strands economy.
The Carnivale Motor Inn has said that they are currently averaging 15 or more calls each day. For many resorts this is the best summer they have seen in over two years. Many resorts are saying that good majority of the visitors seem to be Floridians.
Myrtle Beach Property Managers are saying that the next market that could be affected is the real estate market. It is predicted the the BP Oil spill could muck up the housing market for many years to come in the Gulf. Many Baby Boomers that may have been considering the Gulf for retirement are changing focus. The Grand Strands housing marketcurrently has some of the best bang for your buck and retirees are starting to partake in some of the lowest prices in years.
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