Outer Banks Real Estate Blog-August '08 Economic Numbers Great For The Outer Banks
The August economic indicators have just come in for the Outer Banks. The numbers seem to tell the story of what I saw this summer which is there were a lot of people at the beach. While everyone is being hit hard by the economy people still chose to spend their vacation on the Outer Banks. We will have to wait another month or 2 but I would not be surprised to see the total tourist numbers again hit a record high.
Despite belt-tightening by the traveling public, Dare County showed a healthy increase in dollars spent in August on accommodations.
"This is probably the biggest August we've ever had in the 11 years we've been keeping records," Carolyn McCormick, managing director of the Outer Banks Visitors Bureau, said Thursday.
Gross occupancy receipts were up 13.7 percent over August 2007, with travelers spending almost $96 million on motels, hotels, campgrounds, cottage courts and rental homes, the bureau reported.
McCormick said the Labor Day weekend that began on Aug. 29, the month's fifth weekend, may have affected some of the data comparisons, because the holiday weekend started in one month and ended in another. But variables are typically factored in when calculating the numbers
To finish the article go to Outer Banks August Economic Numbers
Filed under: Market Conditions, Announcements, Community Information, Outer Banks, Dare County, North Carolina, OBX, Vacation Rental, Vacation, Economy, Travel, Tourists, Government