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Myrtle Beach Area Tourism Economic Indicators as of July 2019

Myrtle Beach Area Tourism Economic Indicators as of July 2019

What’s the state of the tourism industry in the U.S. and the Myrtle Beach area? In order to answer that question, we gathered some of the latest economic indicators for the U.S. economy, as well as the Myrtle Beach area in this July 2019 tourism economic indicators report.

First Half of 2019 Nets Strong Performance for Grand Strand Accommodations

First Half of 2019 Nets Strong Performance for Grand Strand Accommodations

A strong performance for the Grand Strand’s hotels, condo-hotels, and campsites during the first half of 2019. So far in 2019, average occupancy for the Center’s voluntary sample of hotel, condo-hotel and campgrounds rented nightly is up by 1.7 occupancy points, or 3.2 percent, compared with the equivalent period of 2018. During the same time, the average daily rate increased by 1.3 percent, raising revenue per available room down by 4.5 percent.

Myrtle Beach Area Average Lodging Industry Performance in 2018

Myrtle Beach Area Average Lodging Industry Performance in 2018

Annual research results for the Brittain Center’s voluntary sample of hotel, condo-hotel, and campsites (HC-HCs) in the Myrtle Beach area are reported in the table below, along with the results of the Center’s scientifically random sample of weekly-rented vacation rental properties (VRPs), during the most recent six years.