Gulf Coast Crisis Has Created A Boom For Myrtle Beach Property Management

Myrtle Beach, SC tourism gets a boost from the Gulf oil spill, how will this influence the Real Estate Market?

Business Owners from resorts, 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 disaster 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 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 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 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.

It has recently been released that Florida-based ResortQuest rental company with outfits 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 reservations 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.

This 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. Many resorts are reporting that this is their best summer 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 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.

© copyright 2010 BytheBeachProperty.com