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BP Oil Spill Gives Myrtle Beach Property Management A Boost In Tourism
By Vic Hurlstorm | August 20, 2010
Tourism in Myrtle Beach, SC has gotten a major jolt from the Gulf Oil Spill, many are starting to ponder if this could influence 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 outcome of the catastrophe in the Gulf. A lot of the tourist who typically vacation along the Gulf Coast have switched this years plans because of the high impact the BP Oil spill has created along the beach and resort areas. Many tourist are concern about encountering oil fouled beaches and are making a beeline to Myrtle Beach instead.
Calls are flowing 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 boost 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 is a NO FISHING policy in over 80,000 square miles of the Gulf, that is about 1/3 of the federal waters in this region.
It has recently been released that Florida-based ResortQuest rental company with operations in South Carolina has booked at least $40,000 worth of their reservations on the Grand Strand within the past few weeks due to its clients vacationers changing travel plans from the Gulf Coast. The company’s marketing executive stated that it is likely that a major portion of their $18 million dollars worth of bookings along the Gulf Coast will be directed to areas such as the Grand Strand.
Hotel occupancy numbers along the Grand Strand have been up since the fourth of July holiday weekend, but this year there is another reason people are making their way to the Carolina coast.
For the July Fourth holiday weekend according to AAA there was marking a 17 percent increase from last year. Although many business owners are saddened by the crisis in the gulf, they are thankful for the recent increase in business.
The Carnivale Motor Inn recently stated they are getting in the neighborhood of 15 and 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. The impact of Gulf oil spill could muck up housing markets in the Gulf for years. Many Baby Boomers that may have been considering the Gulf for retirement are changing focus. The Grand Strands housing market currently 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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