BP Oil Spill Gives Myrtle Beach Property Management A Boost In Tourism

Tourism in Myrtle Beach, SC has gotten a major jolt 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! Owners have reported jumps in business due to the Gulf Coast’s misfortune with the BP Oil Spill. A lot of the tourist who typically vacation alongside the Gulf Coast have changed this years plans because of the high impact the BP Oil spill has created along the beach and resort areas. Many vacationers are concerned they will encounter beaches fouled by oil, so now they are coming to the East Coast of Myrtle Beach.

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 increase compared to the 2009 fishing season. Since the condition in the Gulf is out of control, many of the normal recreational anglers have began to look for new water to enter into. 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 disclosed that Florida-based ResortQuest rental company with outfits in South Carolina has booked at least $40,000 worth of their bookings on the Grand Strand within the past few weeks due to its clients vacationers changing travel 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.

Resort occupancy along the Strand are continuing to increase since the holiday weekend, but this year it is for another reason.

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 has said that they are currently averaging 15 or more calls each day. Many resorts are reporting that this is their best summer 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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