As to tourism…
It's starting to sound like a broken record: housing starts up,
tourism solid, retail sales jumping by double digits. It's an
economic tune locals love to hear.
All the key indicators for tourism - lodging occupancy and tax
revenues for accommodations - are expected to increase over last
spring.
Occupancy for March, April and May should reach 67.5 percent,
a slight uptick from the 66.6 percent occupancy in spring 2005,
predicts Al Parish, director of the Center for Economic Forecasting
in Charleston. That means nearly 70 percent of the area's rooms
will be filled, on average, for the three months.
The season is gearing up with golf and spring breakers. Easter
is later this year - April 16 - which traditionally means the
beach will be busier than when the holiday falls earlier. . The
spring predictions also include May, when two biker rallies dominate
tourism and lure as many as 500,000 bikers combined.
Gas prices, which have stabilized since the post-Hurricane Katrina
runups last fall, should be a none-issue for travelers, experts
say, even though more than 90 percent of the Grand Strand's visitors
get here by car.
As to real estate sales…
Don't expect to see real estate letting up any this spring, despite
national speculation about a housing bubble.
Horry County continues to lead the state in permits for single-family
homes, said Ralph Bussey, project manager of homebuilder Coastal
Construction Group and president of the Horry-Georgetown Homebuilders
Association. |