Asheville Metro Economic Report nd Quarter
|
|
- Rafe Edwards
- 6 years ago
- Views:
Transcription
1 Asheville Metro Economic Report nd Quarter Johnson Price Sprinkle PA provides Asheville Metro Economic Report Second Quarter. JPS is a sixty-year-old accounting firm serving Western North Carolina with dedicated CPAs providing small-to-middle-market businesses with tax, business consulting, audit, and technology services. Highlights: The second quarter saw a continuation of long term growth in the four-county Asheville metro (Buncombe, Haywood, Henderson and Madison counties). Positive monthly yearto-year job growth has continued uninterrupted for nearly seven straight years. The metro has held the lowest unemployment rate in the state for the last twenty-eight consecutive months; two and one-third years. Permitting for new residential building totaled 780 units with a value of $154.7 million. This marks the highest quarterly permit value since the third quarter of In the second quarter of 2017 Asheville added an average of 3,500 net new jobs from a year earlier, earning an average growth rate of 1.9 percent. Positive monthly year-to-year job growth has continued uninterrupted for eighty-three straight months; one-month short of seven years. Averaging 3.4 percent over the second quarter of 2017, Asheville s unemployment rate continues to hold well below the nation and state. The metro has held the lowest unemployment rate in the state for the last twenty-eight consecutive months; two and one-third years. The Health Services sector added 1,100 jobs over the year; accounting for one-third of Asheville s employment growth, as it had in the first quarter. Positive job creation was experienced in nine of eleven major industry sectors. Two sectors experienced no change. No sector saw declines. Buncombe County Hotel/Motel Sales set a new all-time second quarter high at $93.4 million; 6.9 percent above the second quarter of However, the growth rate is 1
2 the weakest in four and one-half years; following double-digit growth in the previous eleven consecutive quarters. Existing homes sold in the second quarter totaled 909, while the average sales price equaled $344,024. The number of homes sold is 22 percent lower than one-year earlier, while over the same period the average sales price gained 18 percent. This marks the fourth consecutive quarter with the number of homes sold declining when measured year-over-year, while average prices continue to increase; likely indicating limited inventory amid strong demand. Permitting for new residential building totaled 780 units in the second quarter with a value of $154.7 million. This marks the highest quarterly permit value since the third quarter of In percentage terms, the number of units permitted is up 28.3 percent from one year earlier, the total value up 20.9 percent. Multifamily unit permits accounted for 35 percent of all residential units issued in the second quarter. Detailed Analysis: Employment In the second quarter of 2017 Asheville added an average of 3,500 net new jobs from a year earlier, earning an average growth rate of 1.9 percent (Figure 1). Positive monthly year-to-year job growth has continued uninterrupted for eighty-three straight months; onemonth short of seven years. Employment averaged 191,600 over the quarter; setting a new all-time second quarter employment total. 2
3 Figure 1 Total Employment Monthly Year-Year Percent Change 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J Asheville North Carolina Nation Source: NC Division of Employment Security 3
4 Asheville s employment growth rate over the second quarter of 2017 places it fifth among the state s 15 metros (Figure 2). Asheville s growth rate continues above both the national and state; 1.5 and 1.4 percent respectively. Four of North Carolina s metros lost employment over the quarter; Greenville, Fayetteville, Goldsboro and Rocky Mount. Figure Q Average North Carolina Metros Employment One-Year Percent Change Charlotte Raleigh 2.8% 2.8% Wilmington Durham-Chapel Hill 2.3% 2.2% Asheville Burlington Hickory Greensboro-High Point New Bern 1.2% 1.2% 1.1% 1.9% 1.6% National Average 1.5% State Average 1.4% Jacksonville Winston-Salem 0.0% 0.5% Greenville Fayetteville Goldsboro -0.3% -0.6% -0.4% Rocky Mount -1.4% Source: NC Division of Employment Security 4
5 Averaging 3.4 percent over the second quarter of 2017, Asheville s unemployment rate continues to hold well below the nation and state; both averaging 4.2 percent over the quarter (Figure 3). The unemployment rate translates into 7,737 residents unable to find employment. Asheville s average unemployment rate for the quarter continues as the lowest among all the state s fifteen metros (Figure 4). The metro has held the lowest unemployment rate in the state for the last twenty-eight consecutive months; two and one-third years. Seven of the state s metros have quarterly unemployment rates exceeding the national average. Figure 3 Unemployment Rates (%) Percent Unemployed Nation North Carolina 3.5 Asheville 3 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J Source: NC Division of Employment Security 5
6 Figure 4 Unemployment Rate (%) Q Average Asheville 3.4 Raleigh Durham-Chapel Hill Wilmington Hickory Charlotte Burlington Winston-Salem National Average 4.2% State Average 4.2% New Bern Greensboro-High Point Jacksonville Greenville Goldsboro Fayetteville 5.3 Rocky Mount 6.7 Source: NC Division of Employment Security 6
7 The Health Services sector added 1,100 jobs over the year; accounting for one-third of Asheville s employment growth, as it had in the first quarter. Positive job creation was experienced in nine of eleven major industry sectors (Figure 5). No sector saw declines. Of the nine, five reached new all-time second quarter employment highs in 2017; Health Services, Retail Trade, Leisure & Hospitality Services, Professional & Business Services and Transportation, Warehouse & Utilities. Figure 5 Asheville Metro Q Major Industry Employment One-Year Change Health Services 1,100 Professional & Business Services 800 Retail Trade 300 Manufacturing 300 Wholesale Trade 200 Construction 200 Leisure & Hospitality Services 200 Transportation,Warehouse & Utilities 100 Government 100 Information 0 Financial Activities 0 Totals rounded to nearest 100 Source: NC Division of Employment Security 7
8 Earnings Private industry average hourly earnings in Asheville equaled $22.38 in the second quarter, a slight increase of 0.9 percent from a year earlier; marking the seventh straight quarter with positive year-over-year gains (Figure 6). Asheville s second quarter hourly earnings place it seventh among all fifteen metros in the state; remaining below the statewide and national averages (Figure 7). Three of the state s metros continue to hold average hourly earnings above both the national and state averages; Raleigh, Charlotte and Durham-Chapel Hill. Figure 6 Asheville Metro Average Hourly Earnings Private Industry $25 10% $20 $20.65 $20.68 $21.03 $21.20 $21.54 $22.19 $22.24 $22.87 $22.77 $ % 8% Average Hourly Earnings $15 $10 $5 7% 6% 5% 4% 3% 2% Quarterly Year-Year Change (%) $0 0.9% -2.8% -1.4% -0.5% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Average Hourly Earnings Quarterly Year-Year Change (%) 1% 0% Source: U.S. Bureau of Labor Statistics 8
9 Figure 7 North Carolina Metros Q Average Hourly Earnings Private Industry Charlotte Durham-Chapel Hill Raleigh $27.92 $27.82 $26.83 Winston-Salem Greenville Greensboro-High Point Asheville $23.58 $23.51 $23.14 $22.38 National Average $26.21 New Bern Wilmington Hickory Burlington Rocky Mount $21.98 $21.38 $21.27 $21.04 $20.70 State Average $24.03 Fayetteville Goldsboro Jacksonville $18.00 $16.91 $18.12 Source: U.S. Bureau of Labor Statistics 9
10 Leisure & Hospitality Buncombe County Hotel/Motel Sales set a new all-time second quarter high at $93.4 million; 6.9 percent above the second quarter of 2016 (Figure 8). However, the growth rate is the weakest in four and one-half years; following double-digit growth in the previous eleven consecutive quarters. Figure 8 Buncombe County Hotel/Motel Sales $120 M 30% Hotel/Motel Sales $100 M $80 M $60 M $40 M $41 M $76 M $86 M $86 M $52 M $87 M $100 M $101 M $57 M $93 M 25% 20% 15% 10% Quarterly Year-Year Change (%) $20 M 6.9% 5% $ M 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Hotel/Motel Sales Quarterly Year-Year Change (%) 0% Source: Buncombe County Tourism Development Authority 10
11 Average Hotel Room Rates in Buncombe County rose by 2.5 percent from one year earlier, closely matching the pace in the first quarter (Figure 9). The room rate averaged $150 in the second quarter. Figure 9 Buncombe County Average Hotel Room Rate $180 $169 12% $160 $140 $136 $146 $157 $143 $155 $150 10% Average Room Rate $120 $100 $80 $60 $40 $20 $106 $113 $ % 8% 6% 4% 2% Quarterly Year-Year Change (%) $0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q % Average Room Rate ($) Quarterly Year to Year Change (%) Source: Smith Travel Research, Buncombe County Tourism Development Authority 11
12 Total Passenger Traffic at the Asheville Regional Airport equaled 241,105 in the second quarter of 2017; up 13.8 percent from a year earlier (Figure 10). This marks the third consecutive quarter with double-digit passenger increases. Figure 10 Asheville Regional Airport Total Passengers 300,000 25% Total Passengers 250, , , ,000 50, K 212K 230K 195K 140K 212K 250K 225K 166K 241K 13.8% 20% 15% 10% 5% Quarterly Year-Year Change (%) 0-50, , ,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Airport Passengers Quarterly Year to Year Change (%) -7.3% Source: Asheville Regional Airport 0% -5% -10% 12
13 Housing Existing homes sold in the second quarter totaled 909, while the average sales price equaled $344,024 (Figure 11). The number of homes sold is 22 percent lower than oneyear earlier, while over the same period the average sales price gained 18 percent (Figure 12). This marks the fourth consecutive quarter with the number of homes sold declining when measured year-over-year, while average prices continue to increase; likely indicating limited inventory amid strong demand. Figure 11 Asheville Area Existing Home Sales $400,000 1,600 Average Sales Price $350,000 $300,000 $250,000 $200,000 $150, ,115 1,279 1, ,449 1,186 1,034 1,137 $344, ,400 1,200 1, Number of Home Sold $100, $50, $0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Homes Sold Average Sales Price Source: NC REALTORS 0 13
14 Figure 12 Asheville Area Existing Home Sales Trends Quarterly Year-Year Change (%) 35% 30% 30% 31% 30% 25% 15% 15% 17% 11% 15% 15% 18% 5% 2% -1% 5% 2% 5% 7% -5% -7% -15% -17% -15% -22% -25% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Homes Sold Average Sales Price Source: NC REALTORS 14
15 At 8.5 percent, Asheville s Same-Home Annual Appreciation Rate in the third quarter ranks fourth among all the state s metros and holds above both the state and national rates (Figure 13). This marks the seventeenth consecutive quarter of positive Same- Home Appreciation Rates in Asheville. The Goldsboro metro experienced home price depreciation in the quarter, down 3.3 percent. Figure 13 Housing Price Index North Carolina Metros Same-Home Annual Appreciation Rate (%) Q Charlotte 10.1% Raleigh Durham-Chapel Hill Asheville Wilmington Greenville 6.5% 9.0% 8.6% 8.5% 8.3% 7.1% State Average New Bern Winston-Salem Hickory Rocky Mount Greensboro-High Point Burlington 5.0% 4.5% 3.8% 3.3% 3.2% 2.8% 6.4% National Average Fayetteville Jacksonville 1.4% 0.7% Goldsboro -3.3% Source: Federal Housing Finance Agency 15
16 Permitting for new residential building totaled 780 units in the second quarter with a value of $154.7 million (Figure 14). This marks the highest quarterly permit value since the third quarter of In percentage terms, the number of units permitted is up 28.3 percent from one year earlier, the total value up 20.9 percent. Multifamily unit permits accounted for 35 percent of all residential units issued in the second quarter. Figure 14 Asheville Metro Residential Building Permits Total Units $180 M $160 M $140 M $120 M $100 M $80 M $60 M $40 M $20 M Total Value 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q $ M Single Family Units Multi Family Units Total Value Source: U.S. Census Bureau 16
17 Retail Sales Taxable retail sales collections in Asheville totaled $1,842,488,120 ($1.8 billion) in the second quarter; 5.5 percent above collections for the same period one-year earlier (Figure 15). The total sets a new all-time second quarter record for retail sales in the metro. Retail sales have experienced positive year-over-year growth over the last fourteen consecutive quarters; averaging an annual increase of 9.6 percent or $138.8 million. Figure 15 Asheville Metro Taxable Retail Sales Taxable Retail Sales ($) $2,000 M $1,800 M $1,600 M $1,400 M $1,200 M $1,000 M $800 M $600 M $400 M $1,321 M $1,618 M $1,672 M $1,737 M $1,913 M $1,746 M $1,785 M $1,842 M $1,626 M $1,466 M 5.5% 16% 14% 12% 10% 8% 6% 4% Quarterly Year-Year Change (%) $200 M 2% $ M 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q , % Taxable Retail Sales ($) Quarterly Year-Year Change (%) Includes collections of penalties, interest, and sales & use tax; and may reflect activity from prior periods. Source: NC Department of Revenue 17
18 Contact JPS. Let us help you and your business grow in the direction you desire. Asheville Boone Marion About JPS: Johnson Price Sprinkle PA accounting firm is about Being Greater. At JPS, our CPAs believe providing technical expertise, engaged relationships and positive initiative position clients for long-term financial success. A sixty-year-old CPA firm, JPS invests time and resources into our communities to keep WNC Being Greater. With offices in Asheville, Boone and Marion, NC, we provide innovative tax, assurance, business consulting and technology services for small-to-middle-market businesses. At JPS, we strive to fulfill our mission: To Be Greater by positively impacting our Clients, People, Community and Profession. 18
Asheville Metro Economic Report 2014 Second Quarter
Asheville Metro Economic Report Johnson Price Sprinkle PA HIGHLIGHTS: ASHEVILLE METRO The Asheville metro area gained 2,400 more jobs than one year earlier, averaging a growth rate of 1.4 percent, continuing
More information2nd Quarter. AEDC is pleased to present the Anchorage Quarterly Economic Indicators Report for the second quarter of 2010.
2010 AEDC is pleased to present the Anchorage Quarterly Economic Indicators Report for the second quarter of 2010. This report summarizes recently updated data from the Anchorage Economic Indicators Database,
More information2009 North Carolina Visitor Profile
2009 Visitor Profile A publication of the Division of Tourism, Film & Sports Development August 2010 Division of Tourism, Film and Sports Development 2009 Visitor Profile 2009 Visitor Profile The Division
More informationfor The Nation, North Carolina & its Neighbors NC's Regions & Counties Posted October 2, 2013
s 1 Table 1 s The Nation, North Carolina & its Neighbors NC's Regions & Counties North Carolina United States South Carolina Georgia Tennessee Virginia AdvantageWest Economic Development Group Alleghany
More informationData Digest: Florida. August 2013
Data Digest: Florida August 2013 The economic performance for Florida and the United States has been improving since the end of 2010. However, the nation has been improving at a faster rate than Florida.
More information2009 North Carolina Regional Travel Summary
2009 North Carolina Regional Travel Summary A publication of the North Carolina Division of Tourism, Film & Sports Development July 2010 July 2010 Division of Tourism, Film and Sports Development 2009
More informationNorth Carolina (Statewide) 2016 Prosperity Zone Data Books
North Carolina (Statewide) 2016 Prosperity Zone Data Books 2 North Carolina Prosperity Zones Western North Carolina Prosperity Zones Northwest Region Piedmont-Triad Region Western Region Southwest Region
More informationFuture Economic Benefits to North Carolina from Session Law (34.19a-34.19c) Investments. Bobby Walston, Director of Aviation April 2, 2018
Future Economic Benefits to North Carolina from Session Law 2017-57 (34.19a-34.19c) Investments Bobby Walston, Director of Aviation April 2, 2018 2016 Study Results (Summary) Jobs Economic Contribution
More informationThe Economic Impact of Tourism in Buncombe County, North Carolina
The Economic Impact of Tourism in Buncombe County, North Carolina 2017 Analysis September 2018 Introduction and definitions This study measures the economic impact of tourism in Buncombe County, North
More informationThe Economic Impact of Tourism in Jacksonville, FL. June 2016
The Economic Impact of Tourism in Jacksonville, FL June 2016 Highlights Visitor spending surpassed $2.0 billion in 2015, growing 4.4%. As this money flowed through Duval County, the $2.0 billion in visitor
More information2011 North Carolina Visitor Profile
2011 North Carolina Visitor Profile A publication of the North Carolina Division of Tourism, Film & Sports Development May 2012 North Carolina Division of Tourism, Film and Sports Development 2011 North
More information2017 Asheville and Buncombe County Real Estate Market Analysis
2017 Asheville and Buncombe County Real Estate Market Analysis Summary This report examines the Asheville and Buncombe County residential real estate market for 2017 and compares the current real estate
More informationCITY OF COTATI: LOCAL ECONOMIC REPORT
EDB Sonoma County Economic Development Board Cotati Chamber of Commerce economy 2010-11 CITY OF COTATI: LOCAL ECONOMIC REPORT E c o n o m i c D e v e l o p m e n t B o a r d 4 0 1 C o l l e g e Av e n
More informationMay Following is a guide to charts and graphs for this report:
May 212 Strategic tourism marketing and policy decisions depend on accurate, consistent tracking of business indicators such as lodging statistics, attraction and welcome center visitation, transportation
More information2012 Year End Report
212 Year End Report Strategic tourism marketing and policy decisions depend on accurate, consistent tracking of business indicators such as lodging statistics, attraction and welcome center visitation,
More information2012 North Carolina Visitor Profile
2012 North Carolina Visitor Profile A publication of the North Carolina Division of Tourism, Film & Sports Development April 2013 North Carolina Division of Tourism, Film and Sports Development 2012 North
More information1 st and 2 nd Quarters 2018 Asheville and Buncombe County Real Estate Market Analysis
1 st and 2 nd Quarters 2018 Asheville and Buncombe County Real Estate Market Analysis Summary The housing market in Asheville and Buncombe County had fewer home sales in the 2 nd quarter of 2018 compared
More informationDate Day # of Mtgs Meeting Time County City Venue
9/25/2018 Tues. 1 4PM-6PM Nash Rocky Mount DoubleTree by Hilton Hotel Rocky Mount at the Texas Steakhouse & Saloon 651 N Winstead Ave Rocky Mount, NC 27804 9/26/2018 Wed. 1 4PM-6PM Wilson Wilson Wilson
More informationNational & Regional Economic Outlook
National & Regional Economic Outlook The Alliance Bank Business Outreach Center 2014 Economic Outlook Conference November 6, 2014 Ronald J. Gunderson Professor of Economics Northern Arizona University
More informationCONTINUING EDUCATION GENUP BICUP Live and Online Course Brochure. Fast, Convenient, Affordable North Carolina Continuing Education
CONTINUING EDUCATION GENUP BICUP 2019 Live and Online Course Brochure Fast, Convenient, Affordable North Carolina Continuing Education 2 2019 GENUP Course J.Y. Monk has 35 classrooms located in convenient
More informationThe Economic Impact of Tourism in: Dane County & Madison, Wisconsin. April 2017
The Economic Impact of Tourism in: Dane County & Madison, Wisconsin April 2017 Key themes for 2016 Visitor spending continued growing in Dane County, Wisconsin in 2016, growing 5.2% to surpass $1.2 billion.
More informationNote: These Louisiana indicators show the percentage difference from Second Quarter 2004 to Second Quarter 2005.
Second Quarter 2005 The Louisiana Travel Pulse is a quarterly industry travel barometer designed to present recent trends in travel industry performance. This issue s emphasis is on the Second Quarter
More informationFOR SALE CW Worth House 412 S 3rd Street, Wilmington, NC 28401
HOSPITALITY FOR SALE CW Worth House 412 S 3rd Street, Wilmington, NC 28401 For More Information Contact: Cody Cress 910-409-8421 cody.cress@thecressgroup.com www.thecressgroup.com Tyler Pegg 910-512-3550
More informationState of the States October 2017 State & territory economic performance report. Executive Summary
State of the States October 2017 State & territory economic performance report. Executive Summary NSW ON TOP; VICTORIA CLOSES IN How are Australia s states and territories performing? Each quarter CommSec
More informationColorado Travel Impacts
Colorado Travel Impacts 1996-2013 Image Credit: Matt Inden/Miles July 2014 Prepared for the Colorado Tourism Office Denver, Colorado THE ECONOMIC IMPACT OF TRAVEL ON COLORADO 1996-2013 July 2014 prepared
More informationFOR SALE OR LEASE PAGE ROAD 14,000 VPD 23,000 VPD TW ALEXANDER DRIVE ALEXANDER VILLAGE RALEIGH, NORTH CAROLINA RETAIL SPACE FOR LEASE ±1,200-16,780 SF
PAGE ROAD FOR SALE OR LEASE 4,000 VPD,000 VPD ALEXANDER VILLAGE RALEIGH, NORTH CAROLINA ±,0-6,0 SF PROPERTY FEATURES Strong daytime traffic with easy access to Research Triangle Park Great residential
More informationInternational migration. Total net migration. Domestic migration
Indicator Direction Comparables a. Net population migration b. Crime rate (city) c. Housing costs d. Cost-of-living index N.A. e. State & local tax intensity f. Performing arts groups g. Air quality index
More informationEconomic Impacts of University of North Carolina Asheville Athletics. Conducted by
Economic Impacts of University of North Carolina Asheville Athletics Conducted by December 2017 Table of Contents Executive Summary 3 Finding Highlights 4 Introduction 5 Impacts UNC Asheville Athletics
More informationTemecula Valley Travel Impacts
Temecula Valley Travel Impacts 2000-2013p photo courtesy of Temecula Valley Convention and Visitors Bureau June 2014 Prepared for the Temecula Valley Convention and Visitors Bureau Temecula, California
More informationThe Economic Impact of Tourism on Galveston Island, Texas Analysis
The Economic Impact of Tourism on Galveston Island, Texas 2012 Analysis Headline Results Headline results Tourism is a significant contributor to business sales, employment, and taxes on Galveston Island.
More informationEconomic Impacts of Campgrounds in New York State
Economic Impacts of Campgrounds in New York State June 2017 Report Submitted to: Executive Summary Executive Summary New York State is home to approximately 350 privately owned campgrounds with 30,000
More informationNationality(s): All Nationalities. State(s): North Carolina. From: 01 Jan To: 31 Dec Placement State. Placement City CY 2016 Total
(s): All Nationalities State(s): North Carolina North Carolina 3,719 3,719 Afghanistan 142 142 Charlotte 17 17 Durham 43 43 Greensboro 11 11 High Point 30 30 Raleigh 39 39 Winston-Salem 2 2 Belarus 8 8
More informationHouse Select Committee on Transportation and Long Term Funding March 5, 2017
House Select Committee on Transportation and Long Term Funding March 5, 2017 Tracy Montross Regional Director of Government Affairs American Airlines The Largest Network And Growing More than 120,000 American
More informationWashington County, TN. Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Washington County (Jonesborough area)
Washington County, TN Washington County (Jonesborough area) Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Steve Morse, Ph.D. Director & Economist Tourism Institute University
More informationEconomic Impact of Tourism in Hillsborough County September 2016
Economic Impact of Tourism in Hillsborough County - 2015 September 2016 Key findings for 2015 Almost 22 million people visited Hillsborough County in 2015. Visits to Hillsborough County increased 4.5%
More informationOregon Travel Impacts p
Oregon Travel Impacts 1991-2013p April 2014 Prepared for Oregon Tourism Commission Salem, Oregon OREGON TRAVEL IMPACTS, 1991-2013P STATEWIDE PRELIMINARY ESTIMATES DETAILED COUNTY ESTIMATES OVERNIGHT VISITOR
More informationThe Economic Impact of Tourism on Galveston Island, Texas
The Economic Impact of Tourism on Galveston Island, Texas 2017 Analysis Prepared for: Headline Results Headline results Tourism is an integral part of the Galveston Island economy and continues to be a
More informationQuick quarterly statistics
Issue 21 tember 218 Quick quarterly statistics page 1 Economic activity quarterly page 2 Employment quarterly page 3 Household welfare quarterly page 4 Tourism activity annual page 5 Spotlight Cruise ship
More informationBC JOBS PLAN ECONOMY BACKGROUNDER. Current statistics show that the BC Jobs Plan is working: The economy is growing and creating jobs.
We know that uncertainty continues to remain in the global economy and we expect to see some monthly fluctuations in jobs numbers. That is why we will continue to create an environment that is welcoming
More informationEXECUTIVE SUMMARY. hospitality compensation as a share of total compensation at. Page 1
EXECUTIVE SUMMARY Applied Analysis was retained by the Las Vegas Convention and Visitors Authority (the LVCVA ) to review and analyze the economic impacts associated with its various operations and southern
More informationLouisiana Travel Pulse May 2007
Louisiana Travel Pulse May 2007 Produced by the Louisiana Office of Tourism Monthly Analysis/Highlights: Although nationwide airport activity was stagnant for the first quarter, New Orleans, Alexandria,
More informationA thriving mountain city with 9.8 million visitors ASHEVILLE NORTH CAROLINA
A thriving mountain city with 9.8 million visitors ASHEVILLE NORTH CAROLINA 1.3 MILLION RESIDENTS Live within 50 miles of the site 9.8 MILLION VISITORS Annual visitors to Asheville region I- LOCATION Excellent
More information2017 North Carolina Regional Travel Summary. A publication of Visit North Carolina A Unit of the Economic Development Partnership of North Carolina
2017 North Carolina Regional Travel Summary A publication of Visit North Carolina A Unit of the Economic Development Partnership of North Carolina 2017 North Carolina Regional Travel Summary 2017 North
More informationEPPERSON INDUSTRIAL PARK
EXCLUSIVE LISTING FUTURE INDUSTRIAL SITE ±680 ACRES SALT LAKE CITY, UTAH 3300 N Subject 40.54 acres 3200 W 550.46 acres 40.17 acres 2100 N 40.09 acres Sold Future State Prison Site ± 325 Acres Haul Road
More informationHawai i Hotels Statewide Set New Annual Records in 2017 for Revenue Per Available Room and Average Daily Rate
For Immediate Release: January 25, 2018 HTA Release (18-11) Hawai i Hotels Statewide Set New Annual Records in 2017 for Revenue Per Available Room and Average Daily Rate Statewide Average Daily Rate Rose
More informationThe Economic Impact of Tourism in Hillsborough County. July 2017
The Economic Impact of Tourism in Hillsborough County July 2017 Table of contents 1) Key Findings for 2016 3 2) Local Tourism Trends 7 3) Trends in Visits and Spending 12 4) The Domestic Market 19 5) The
More informationThe Economic Impact of Tourism in Maryland. Tourism Satellite Account Calendar Year 2016
The Economic Impact of Tourism in Maryland Tourism Satellite Account Calendar Year 2016 County Results Washington County, Visitors Washington County Visitors (thousands) Year Overnight Day Total Growth
More informationConstruction Industry Focus Survey. Sample
Construction Industry Focus Survey 1 CONTENTS Executive Summary 1 1. Leading Activity Indicator 2 2. Activity by sector and constraints Residential, Non-residential, Civil Engineering 3. Orders and Tenders
More informationAIR PASSENGER MARKET ANALYSIS
Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS NOVEMBER 2013 KEY POINTS Air travel markets increased at a solid rate in November,
More informationSLOW GROWTH OF SOUTHERN NEVADA ECONOMY
NEVADA S ECONOMY A monthly report produced for Commerce Real Estate Solutions by Stephen P. A. Brown, PhD, Center for Business & Economic Research, University of Nevada, Las Vegas To receive an electronic
More informationThird Quarter Marketing Report B R A N SON/LAKES A R EA C VB N OVEMBER, 2013
Third Quarter Marketing Report B R A N SON/LAKES A R EA C VB N OVEMBER, 2013 Economic Outlook +5.1% from July 2011 Consumer Confidence is Up 7% This Year Increasing from 66.7 in Dec to 71.2 Today +6.7%
More informationBRAZIL INTERNATIONAL INBOUND TRAVEL MARKET PROFILE (2011) Copyright 2012 by the U.S. Travel Association. All Rights Reserved.
BRAZIL INTERNATIONAL INBOUND TRAVEL MARKET PROFILE (211) Copyright 212 by the U.S. Travel Association. All Rights Reserved. EXECUTIVE SUMMARY With a population of nearly 2 million and a GDP exceeding $2
More informationThe Economic Impact of Tourism in Maryland. Tourism Satellite Account Calendar Year 2015
The Economic Impact of Tourism in Maryland Tourism Satellite Account Calendar Year 2015 MD tourism economy reaches new peaks The Maryland visitor economy continued to grow in 2015; tourism industry sales
More informationDOWNTOWN, CHARLOTTE AMALIE
TOTAL VISITOR ARRIVALS TO THE USVI : DECEMBER YEAR TO DATE DECEMBER TOTAL VISITOR ARRIVALS 2,85, 2,8, 2,814,257 2,75, 2,7, 2,65, 2,6, 2,642,118 2,71,542 2,648,5 2,55, 212 213 214 215 Visitor arrivals ended
More informationArkansas Tourism Ticker
Arkansas Tourism Ticker $ 2017 Report Arkansas Tourism Ticker Following are recent reports from Arkansas tourism industry. Elaine Massacre Memorial About 100 sharecroppers met at a church in the town of
More information1
213 Economic Outlook December 1, 212 Dr. Stephen P. A. Brown, Director Prepared by The Lee Lee Business School University of Nevada, Las Vegas University of Nevada, Las Vegas May 3, 212 December 1, 212
More information2012 Canadian Visitation to North Carolina
2012 Canadian Visitation to North Carolina July 2013 North Carolina Division of Tourism, Film and Sports Development Volume & Spending ($millions) +29.7% +3.6% +0.1% +4.6% +12.0% -0.1% +17.0% -6.7% $78,523
More information2018 Annual Report. Commercial Market
218 Annual Report Commercial Market Introduction Our History... Your Future NAI Mountain Commercial was founded originally as Vail Commercial Advisors in April 26, to fulfill the unmet need of providing
More informationThe Economic Impact of Tourism in North Carolina. Tourism Satellite Account Calendar Year 2015
The Economic Impact of Tourism in North Carolina Tourism Satellite Account Calendar Year 2015 Key results 2 Total tourism demand tallied $28.3 billion in 2015, expanding 3.6%. This marks another new high
More informationTri-Valley Residential Real Estate Market Update
Tri-Valley Residential Real Estate Market Update Real Estate Market Drivers Unemployment US vs CA Jan. 2018: US 4.1% & Dec. 2017: CA 4.3% 14% CA US 12% 10% 8% 6% 4% 2% 0% SERIES: Unemployment Source: California
More informationSevier County, TN. Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, 2006
Sevier County, TN Sevier County (Gatlinburg, Pigeon Forge, Sevierville areas) Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Steve Morse, Ph.D. Director & Economist Tourism
More informationThe 2001 Economic Impact of Connecticut s Travel and Tourism Industry
The 2001 Economic Impact of Connecticut s Travel and Tourism Industry EXECUTIVE SUMMARY Fred V. Carstensen, Director Stan McMillen, Manager, Research Projects Murat Arik, Research Associate Hulya Varol,
More informationHamilton County, TN. Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Hamilton County (Chattanooga area)
Hamilton County, TN Hamilton County (Chattanooga area) Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Steve Morse, Ph.D. Director & Economist Tourism Institute University
More informationThe Economic Impact of Travel in Kansas. Tourism Satellite Account Calendar Year 2013
The Economic Impact of Travel in Kansas Tourism Satellite Account Calendar Year 2013 Who we are Tourism Economics Union of industry expertise and economic disciplines Real world insights based on quantitative
More informationAviation Program Features by Category: Aircraft, Facilities, Personnel, and Cost for Fiscal Year
Aviation Program Features by Category: Aircraft, Facilities, Personnel, and Cost for Fiscal Year 2008-09 Passenger Transport State Program Aircraft Facilities (Location) Personnel Area Health Education
More informationHawai i Hotels Statewide Led U.S. Markets in RevPAR ($229) and ADR ($280) in First Half of 2018
For Immediate Release: July 26, 2018 HTA Release (18-40) Hawai i Hotels Statewide Led U.S. Markets in RevPAR ($229) and ADR ($280) in First Half of 2018 HONOLULU Hawai i hotels statewide recorded the highest
More information1133 POPLAR CREEK ROAD HENDERSON, NORTH CAROLINA INDUSTRIAL BUILDING FOR SALE OR LEASE ±197,086 SF
HENDERSON, NORTH CAROLINA 27537 ±97,086 SF BUILDING ATURES BUILDING SIZE AVAILABLE SF 97,086 SF 97,086 RSF LIST PRICE $,85,000 RENTAL RATE TICAM LAND AREA Warehouse: 3,094 SF Two-story office: 30,8 SF
More information2013 North Carolina Visitor Profile
2013 North Carolina Visitor Profile A publication of the North Carolina Division of Tourism, Film & Sports Development June 2014 North Carolina Division of Tourism, Film and Sports Development 2013 North
More informationReport on Palm Beach County Tourism Fiscal Year 2007/2008 (October 2007 September 2008)
Report on Palm Beach County Tourism Fiscal Year 2007/2008 (October 2007 September 2008) Prepared for: Tourist Development Council of Palm Beach County Prepared by: 4020 S. 57 th Avenue Lake Worth, FL 33463
More informationASHEVILLE NORTH CAROLINA
ASHEVILLE NORTH CAROLINA 1.3 MILLION RESIDENTS Live within 50 miles of the site 11.1 MILLION VISITORS Annual visitors to Asheville region I- LOCATION Excellent regional access and ideal location at exit
More informationMONTEREY COUNTY TRAVEL IMPACTS P
MONTEREY COUNTY TRAVEL IMPACTS 1992-2015P April 2016 Prepared for the Monterey County Convention and Visitors Bureau MONTEREY COUNTY TRAVEL IMPACTS, 1992-2015P Prepared for the Monterey County Convention
More information1133 POPLAR CREEK ROAD HENDERSON, NORTH CAROLINA INDUSTRIAL BUILDING FOR SALE OR LEASE ±197,086 SF
33 POPLAR CREEK ROAD HENDERSON, NORTH CAROLINA ±97,086 SF 33 POPLAR CREEK ROAD BUILDING ATURES BUILDING SIZE AVAILABLE SF 97,086 SF 97,086 RSF LIST PRICE $,,000 RENTAL RATE TICAM LAND AREA Warehouse: 3,094
More informationTHE 2006 ECONOMIC IMPACT OF TRAVEL & TOURISM IN INDIANA
THE 2006 ECONOMIC IMPACT OF TRAVEL & TOURISM IN INDIANA A Comprehensive Analysis Prepared by: In Partnership with: PREPARED FOR: Carrie Lambert Marketing Director Indiana Office of Tourism Development
More informationA COMPARISON OF THE MILWAUKEE METROPOLITAN AREA TO ITS PEERS
KRY/WJS/EDL #222377 (PDF: #223479) 1/30/15 PRELIMINARY DRAFT Memorandum Report A COMPARISON OF THE MILWAUKEE METROPOLITAN AREA TO ITS PEERS EXECUTIVE SUMMARY This memorandum report provides a statistical
More information2013 International Visitation to North Carolina
2013 International Visitation to North Carolina Visit North Carolina A Unit of the Economic Development Partnership of North Carolina Report developed in conjunction with Executive Summary Applying conservative
More informationNatWest UK Regional PMI
NatWest UK Regional PMI Embargoed until 0101 UK (0101 UTC) 14 January 2019 East Midlands is top performing region in 2018 despite strong finish from the North West Key Findings 2018 ends with North West
More informationPeer Performance Measurement February 2019 Prepared by the Division of Planning & Market Development
2017 Regional Peer Review Peer Performance Measurement February 2019 Prepared by the Division of Planning & Market Development CONTENTS EXECUTIVE SUMMARY... 3 SNAPSHOT... 5 PEER SELECTION... 6 NOTES/METHODOLOGY...
More informationEconomic Impacts of the University of North Carolina at Asheville
Economic Impacts of the University of North Carolina at Asheville Conducted by December 2017 Table of Contents Executive Summary 3 Finding Highlights 4 Introduction 5 UNC Asheville Economic Impacts Total
More informationOccupancy in North Carolina
Smith Travel Research Year-End 2009 Lodging Report Year-end 2009 hotel/motel occupancy was down -9.0% statewide from 2008. This represents a decrease of -12.2% since 2005. o The US occupancy was down -8.6%
More informationEconomic Impact of Tourism in South Dakota, December 2017
Economic Impact of Tourism in South Dakota, 2017 December 2017 1) Key findings 1) Growth continues in 2017 but pales against the event driven years of 2015 and 2016 in South Dakota Key facts about South
More informationBuffalo and New York City Since the Great Recession
Buffalo and New York City Since the Great Recession for the Workshop on Economic Restructuring in the Rust Belt, Buffalo New York Cornell University Worker Institute James A. Parrott, Dir., Economic &
More informationEconomic Impact of Tourism in South Dakota, December 2018
Economic Impact of Tourism in South Dakota, 2018 December 2018 1) Key Findings Growth rebounds in 2018 as a strong hunting season drives tourism growth Key facts about South Dakota s tourism sector Key
More informationWinter Statewide Pulse
A Quarterly Travel Barometer May/June 2001 Winter 2000-01 Statewide Pulse Statewide travel indicators for the Winter 2000-01 season (December-February) are included in the following table. Winter trends
More informationPress Release. Bilfinger 2017: Stable foundation laid for the future
Press Release February 14, 2018 Bilfinger 2017: Stable foundation laid for the future Organic growth in orders received after three years of decline Trend reversal: Output volume better than expected Growth
More informationThis section of the Plan provides a general overview of the Smoky Mountain Region. It consists of the following four subsections:
SECTION 3 COMMUNITY PROFILE This section of the Plan provides a general overview of the Smoky Mountain Region. It consists of the following four subsections: 3.1 Geography and the Environment 3.2 Population
More information2015 North Carolina Visitor Profile. A publication of Visit North Carolina A Unit of the Economic Development Partnership of North Carolina
North Carolina Visitor Profile A publication of Visit North Carolina A Unit of the Economic Development Partnership of North Carolina North Carolina Visitor Profile North Carolina Visitor Profile Visit
More informationEconomic Impact of Tourism. Norfolk
Economic Impact of Tourism Norfolk - 2009 Produced by: East of England Tourism Dettingen House Dettingen Way, Bury St Edmunds Suffolk IP33 3TU Tel. 01284 727480 Contextual analysis Regional Economic Trends
More informationThe Economic Impact of Tourism in North Carolina. Tourism Satellite Account Calendar Year 2013
The Economic Impact of Tourism in North Carolina Tourism Satellite Account Calendar Year 2013 Key results 2 Total tourism demand tallied $26 billion in 2013, expanding 3.9%. This marks another new high
More informationThe Economic Impact of Tourism in Walworth County, Wisconsin. July 2013
The Economic Impact of Tourism in Walworth County, Wisconsin July 2013 Key themes for 2012 The Walworth County, Wisconsin visitor economy continued its brisk growth in 2012. Visitor spending rose 11% after
More informationFALL STATEWIDE PULSE. Category % +/- A Quarterly Travel Barometer February-March 2002 INSIDE THIS ISSUE
A Quarterly Travel Barometer February-March 2002 FALL STATEWIDE PULSE Statewide travel indicators for the season (September-November) are included in the following table. Fall trends for the last 3-5 years
More informationBlount County, TN. Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, 2006
Blount County, TN Blount County (Alcoa, Maryville, Rockford, Seymour, Townsend areas) Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Steve Morse, Ph.D. Director & Economist
More informationREPORT ON THE ECONOMIC IMPACT OF TOURISM. Raleigh, North Carolina
2016 REPORT ON THE ECONOMIC IMPACT OF TOURISM Raleigh, North Carolina Table of Contents 2 OVERVIEW 3 HEADLINE RESULTS 5 KEY TRENDS 8 VISITORS & SPENDING Visitor details in 2016 Composition of tourism spending
More informationMARKETBEAT RETAIL SNAPSHOT
Bil US$ MARKETBEAT RETAIL SNAPSHOT LAS VEGAS, NV A Cushman & Wakefield Research Publication Q4 2014 NATIONAL ECONOMIC OVERVIEW Like Floyd Mayweather in the final round of a championship match, the U.S
More informationWyoming Travel Impacts
Wyoming Travel Impacts 2000-2014 Wyoming Office of Tourism April 2015 Prepared for the Wyoming Office of Tourism Cheyenne, Wyoming The Economic Impact of Travel on Wyoming 2000-2014 Detailed State and
More informationEconomic Impact of Aviation in Arizona
Economic Impact of Aviation in Arizona Presented by: Arizona Department of Transportation Aeronautics Division May 5, 2004 Aviation Contributes $38.5 Billion to the Arizona Economy PRIMARY IMPACT Economic
More informationATLANTA HOUSING MARKET Fourth Quarter 2017 Presentation for HBA Builder Developer Lender Council. Expanded. Unemployment Rate (U 6) Official
Eugene James Senior Regional Director 404-510-1080 ejames@metrostudy.com connect on LinkedIn Mike Overley Business Development Director 770-380-0827 moverley@metrostudy.com To volunteer call 404 408 0716
More informationWyoming Travel Impacts
Wyoming Travel Impacts 2000-2013 Wyoming Office of Tourism April 2014 Prepared for the Wyoming Office of Tourism Cheyenne, Wyoming The Economic Impact of Travel on Wyoming 2000-2013 Detailed State and
More informationCheatham County, TN. Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, 2006
Cheatham County, TN Cheatham County (Kingston Springs & Ashland City areas) Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Steve Morse, Ph.D. Director & Economist Tourism
More informationTHANK YOU TO OUR SPONSOR
THANK YOU TO OUR SPONSOR THANK YOU TO OUR HOST POPULATION POPULATION GROWTH St. Petersburg & Pinellas County Population Growth Rate 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% -0.50% -1.00% -1.50%
More informationForecast Sponsor: #EOCCHS
2018-2019 Forecast Sponsor: #EOCCHS Introduction The annual economic forecast for the Charleston region is a partnership project between the Charleston Metro Chamber of Commerce s Center for Business Research
More information