alabama gulf coast convention & visitors bureau economic indicators on alabama’s gulf coast
TRANSCRIPT
Alabama Gulf Coast Convention & Visitors Bureau
Economic Indicators
onAlabama’s Gulf Coast
Alabama Gulf Coast Convention & Visitors Bureau
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 2003Economic Impact of Alabama Travel Industry 2003
Alabama Gulf Coast Convention & Visitors Bureau
770
0
766
60
523
0
833
-118
113
-484
122
228
776
84
1183
124
-600
-400
-200
0
200
400
600
800
1000
1200
'99 '00 '01 '02 '03 '04 '05 '06
CondosHotels
Alabama Gulf Coast Accommodations Inventory
New
Un
its
Average Annual Growth ’99-’03:
493 units
13,784Total
Alabama Gulf Coast Convention & Visitors Bureau
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 Alabama Gulf Coast 13,78413,784
Alabama Gulf Coast Convention & Visitors Bureau
2003 Visitor Profile StudyState of Residence
30.6%
Alabama Gulf Coast Convention & Visitors Bureau
2003 Visitor Profile StudyState of Residence
30.6%31.9%
Alabama Gulf Coast Convention & Visitors Bureau
2003 Visitor Profile StudyState of Residence
30.6%31.9%31.4%
Alabama Gulf Coast Convention & Visitors Bureau
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
Alabama Gulf Coast Convention & Visitors Bureau
Alabama Gulf CoastRegional Resident Population
200 Miles4.9
Million
130 Miles1.8
Million
65 Miles1.0
Million
Alabama Gulf Coast Convention & Visitors Bureau
Alabama Gulf Coast Convention & Visitors Bureau
Baldwin CountyPopulation Projections
Cities 1990 2000 2003% Change 1990-2003
2008
Daphne 11,290 16,581 17,463 54.68% 19,761
Fairhope 8,485 12,480 13,113 46.80% 14,602
Foley 4,937 7,590 8,286 67.83% 9,620
Bay Minette 7,168 7,820 8,026 11.97% 8,714
Spanish Fort 3,732 5,423 6,123 64.06% 7,221
Gulf Shores 3,261 5,044 5,963 82.86% 7,196
Orange Beach 2,253 3,782 4,370 93.96% 5,224
Robertsdale 2,401 616 4,149 72.80% 4,770
Loxley 1,161 1,348 1,443 24.29% 1,624
Summerdale 559 655 724 29.52% 834
Silverhill 556 5,423 674 21.22% 777
Elberta 458 552 615 34.28% 717
Baldwin County 98,280 140,415 153,991 56.69% 177,069
Source: Baldwin County EDASource: Baldwin County EDA
Alabama Gulf Coast Convention & Visitors Bureau
Baldwin County Demographics
Source: Baldwin County EDASource: Baldwin County EDA
Total Income: 1990 2000 Percent Change
Less than $10,000 60,537 43,162 -28.70%
$10,000 to $14,999 31,931 27,579 -13.63%
$15,000 to $19,999 31,406 25,523 -18.73%
$20,000 to $24,999 29,949 26,846 -10.36%
$25,000 to $29,999 26,327 25,921 -1.54%
$30,000 to $34,999 23,635 24,892 5.32%
$35,000 to $39,999 19,135 23,366 22.11%
$40,000 to $44,999 16,903 21,786 28.89%
$45,000 to $49,999 13,230 18,446 39.43%
$50,000 to $59,999 19,501 32.325 65.76%
$60,000 to $74,999 15,012 34,197 127.80%
$75,000 to $99,999 8,665 29,121 236.08%
$100,000 to $124,999 2,823 11,930 322.60%
$125,000 to $149,999 1,545 5,418 250.68%
$150,000 or More 2,707 9,950 267.57%
Alabama Gulf Coast Convention & Visitors Bureau
2003 Alabama Lodging Revenue$778 million
Montgomery$51 M7.0%
Mobile$62 M 7.4%
Madison$55 M7.0%
Jefferson$121 M15.5%
Baldwin$228 M29.2%
Economic Impact of Alabama Tourism Economic Impact of Alabama Tourism 20032003
Alabama Gulf Coast Convention & Visitors Bureau
2003 Lodging Rentals & Market Share
$918 Million2002-2003 9.3%
BaldwinGulf Shores
Orange Beach
Escambia
Pensacola
Pensacola Beach
Perdido
Key
Santa RosaNavarre
Okaloosa
Ft. Walton
Destin
WaltonSandestin
Seaside
Grayton Beach
Bay Panama City
$228 M25%
12.9%
$111 M12%11%
$23 M3%
14.4%
$189 M21%11%
$197 M
22%9.8%
$169 M18%
3.8%
Alabama Gulf Coast Convention & Visitors Bureau
Lodging Rentals
Alabama Gulf Coast Convention & Visitors Bureau
Where Do We Stand?
51%
89%
94%
Updated 3/22/05
Alabama Gulf Coast Convention & Visitors Bureau
What’s Happening Now?
Hotels.com Most Popular Vacation Rental Destinations:
1. Myrtle Beach, SC 2. Orlando 3. New York City4. Panama City, FL 5. Ocean City, MD 6. Virginia Beach, VA 7. Las Vegas8. Miami9. Gulf Shores, AL 10. Destin, FL
Alabama Gulf Coast Convention & Visitors Bureau
What’s Happening Now?
Re-development
New development
Alabama Gulf Coast Convention & Visitors Bureau
The Lighthouse
Alabama Gulf Coast Convention & Visitors Bureau
Turquoise Place
Alabama Gulf Coast Convention & Visitors Bureau
Colonial Pinnacle at Craft Farms
Alabama Gulf Coast Convention & Visitors Bureau
Bon Secour Village
Alabama Gulf Coast Convention & Visitors Bureau
Bon Secour Village
•Resort
•Conference Center
•Plaza/Retail Square
•Golf
•Marina
Alabama Gulf Coast Convention & Visitors Bureau
Alabama Gulf Coast Convention & Visitors Bureau
Retail Space
Dining
Entertainment
Bird Sanctuary & Nature
Trails
Marina
Condominiums
The WHARF
Alabama Gulf Coast Convention & Visitors Bureau
R I V E R W A L K
Alabama Gulf Coast Convention & Visitors Bureau
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
Alabama Gulf Coast Convention & Visitors Bureau
“New Frontier”
Alabama Gulf Coast Convention & Visitors Bureau
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 EstuariesNOAA National Ocean Service & Restore America’s Estuaries
Alabama Gulf Coast Convention & Visitors Bureau
Statistics Available Online
www.agccvb.org
– Monthly Economic Updates– Visitor Profile Reports– This Presentation