The tourism industry in Florida is breaking records, in fact the Sunshine State had 126.1 million visitors in 2018. According to Visit Florida that was a 6 percent increase from the record set in 2017.And it’s not expected to slow down!
“It’s clear that by focusing on value and data-driven campaigns, Visit Florida and the tourism industry have achieved unprecedented success,” Visit Florida President and CEO Dana Young said in a statement.
As tourism continues to break records here in Florida, hotel and hospitality construction is expected to increase significantly through 2020.
Ken Lawson, President & CEO of VISIT FLORIDA, said “Florida’s hotels represent the number one spending source for visitors to our state, and today’s numbers from STR show investment in our state’s tourism industry is booming. This growth is a direct result of the success VISIT FLORIDA has had marketing our state and attracting record numbers of visitors. As VISIT FLORIDA continues to market the Sunshine State—and our beautiful hotels—to the rest of the world, it’s crucial that we have the resources to match the investments being made in our state.”
“We will keep fighting for full funding of $100 million to match the huge investments in our hotel industry, create more jobs, and make Florida the number one global destination.”
The increase in tourism doesn’t see any signs of stopping. With the new attractions, Star Wars Land opening at Walt Disney World, Harry Potter’s new thrill ride at Universal Studios, and all the happenings at SeaWorld and Busch Gardens, new construction and renovations of multifamily housing and hotels are a great investment!
The high return on these investments makes this industry one of the hottest investments in the real estate market.
SWET Construction Group has a successful track record of developing premium independent and branded resorts and hospitality assets. From renovations of existing properties to new development, we offer a blend of development services to enhance the value and maximize your return for your project.
Contact SWET Construction Group for your next project in Southeastern U.S.