The Outer Banks continues to buck the trends of a slowing economy and reports a growth in tourism related revenues. Leading the trend are Vacation Rental occupancy receipts.
Carolyn McCormick, Managing Director of the Outer Banks Visitors Bureau, reports “August 2008 numbers show the strength and viability of the barrier islands as a major travel destination amid challenging economic times for the traveling public. Travel and tourism is one of the industries that has felt the pressures of a faltering national economy and August gross occupancy receipts have certainly given us pause to be thankful for the millions of visitors that have chosen to spend their vacations along our islands.”
Gross occupancy receipts are the net dollars spent on an overnight accommodation in any one of Dare County’s hotels and motels, inns, campgrounds, cottage courts and rental homes.
There is still not a better place to invest in today's economic times than Outer Banks Real Estate. With strong rents, steady appreciation due to the finite nature of our land, and a consistent desire for families to Vacation year after year on our one of a kind Barrier Islands, it makes sense to make your next investment in life at The Landings at Sugar Creek.
Please feel free to contact us for the latest Rental Projections.
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