Tourism in Myrtle Beach, SC has gotten a major boost from the Gulf Oil Spill, many are starting to wonder 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 major increases in their business as a outcome of the disaster in the Gulf. Many vacationers that typically plan to vacation in the Gulf have modified their vacation plans because of the extreme effect the oil spill has created in the waters along the beach and resort areas. Many tourist are concern about encountering oil fouled beaches and are making a beeline to Myrtle Beach instead.
The North Myrtle Beach and Myrtle Beach Chamber of Commerce said calls seem to be flooding in from all over, mainly tourist troubled about changing their holiday location to the Grand Strand due to conditions in the Gulf.
Fishing Charters have seen as much as a thirty percent boost compared to the 2009 fishing season. Since the condition in the Gulf is out of control, many of the normal recreational fisherman have began to look for new water to enter into. Currently there is a NO FISHING code in over 80,000 square miles of the Gulf, that is about 1/3 of the federal waters in this region.
ResortQuest out of Florida, that also has 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 bookings along the Gulf Coast will be shifting directions to 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.
The past Fourth of July weekend AAA reported a marking 17% increase from the previous 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. A bunch of the resorts are saying many of the visitors are from Florida.
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 a retirement in the Gulf are now taking a look at the Grand Strand. 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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