alabama gulf coast convention & visitors bureau economic indicators on alabama’s gulf coast

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