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Economic Indicators on Alabama’s Gulf Coast

Economic Indicators on Alabama’s Gulf Coast. 2003 Baldwin County Tourism Facts. 4 Million Annual visitors $1.8 Billion Travel-related expenditures 41,357 Travel-related jobs $776 Million Travel-related wages. Economic Impact of Alabama Travel Industry 2003. 13,784 Total.

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Economic Indicators on Alabama’s Gulf Coast

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  1. Economic IndicatorsonAlabama’s Gulf Coast

  2. 2003 Baldwin County Tourism Facts 4 Million Annual visitors $1.8 Billion Travel-related expenditures 41,357 Travel-related jobs $776 Million Travel-related wages Economic Impact of Alabama Travel Industry 2003

  3. 13,784 Total Alabama Gulf Coast Accommodations Inventory New Units Average Annual Growth ’99-’03: 493 units

  4. City Size by Transient Lodging Units Jacksonville, FL 14,000 Puerto Rico 14,000 Louisville, KY 13,787 Raleigh, NC 13,716 Daytona Beach, FL 13,000 Charleston, SC 12,998 Alabama Gulf Coast 13,784

  5. 2003 Visitor Profile StudyState of Residence 30.6%

  6. 2003 Visitor Profile StudyState of Residence 30.6% 31.9%

  7. 2003 Visitor Profile StudyState of Residence 30.6% 31.9% 31.4%

  8. Alabama Gulf CoastTotal Population Assessment Total Annual Population 4.6 million* *Includes “day-trippers,” visitors in paid accommodations, those staying with friends & relatives, non-resident owners and their guests, snowbirds, and permanent, year-round residents. Alabama Real Estate Research & Education Center

  9. Alabama Gulf CoastRegional Resident Population 200 Miles 4.9 Million 130 Miles 1.8 Million 65 Miles 1.0 Million Alabama Gulf Coast Convention & Visitors Bureau

  10. Baldwin CountyPopulation Projections Source: Baldwin County EDA

  11. Baldwin County Demographics Source: Baldwin County EDA

  12. 2003 Alabama Lodging Revenue$778 million Madison $55 M 7.0% Jefferson $121 M 15.5% Montgomery $51 M 7.0% Mobile $62 M 7.4% Baldwin $228 M 29.2% Economic Impact of Alabama Tourism 2003

  13. 2003 Lodging Rentals & Market Share $918 Million 2002-2003D9.3% Escambia Pensacola Pensacola Beach Perdido Key Walton Sandestin Seaside Grayton Beach Santa Rosa Navarre Okaloosa Ft. Walton Destin Baldwin Gulf Shores Orange Beach Bay Panama City $228 M 25% D12.9% $197 M 22% D9.8% $189 M 21% D11% $169 M 18% D3.8% $111 M 12% D11% $23 M 3% D14.4%

  14. Lodging Rentals

  15. Updated 3/22/05 51% 89% 94% Where Do We Stand?

  16. What’s Happening Now? Hotels.com Most Popular Vacation Rental Destinations: 1.      Myrtle Beach, SC 2.      Orlando 3. New York City 4.      Panama City, FL 5.      Ocean City, MD 6.      Virginia Beach, VA 7.      Las Vegas 8.      Miami 9.      Gulf Shores, AL 10.  Destin, FL

  17. What’s Happening Now? Re-development New development

  18. The Lighthouse

  19. Turquoise Place

  20. Colonial Pinnacle at Craft Farms

  21. Bon Secour Village

  22. Bon Secour Village • Resort • Conference Center • Plaza/Retail Square • Golf • Marina

  23. TheWHARF • Retail Space • Dining • Entertainment • Bird Sanctuary & Nature Trails • Marina • Condominiums

  24. R I V E R W A L K

  25. R I V E R W A L K • Shopping Village • Restaurants • 308-unit waterfront resort • 22,600 square feet of meeting space • Gulf World Marine Park • Water Theme Park • Wetlands Interpretive Center & Nature Trail • Nightlife Area • Marina

  26. “New Frontier”

  27. What Will The Future Hold? As of September 1999, 53% of the U.S. population lived within 50 miles of a coastline. By 2025, that number is projected to be 75%. NOAA National Ocean Service & Restore America’s Estuaries

  28. Statistics Available Online www.agccvb.org • Monthly Economic Updates • Visitor Profile Reports • This Presentation

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