“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ . ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me firstname.lastname@example.org. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Russ Wiles, Arizona Republic Published 7:57 p.m. MT July 19, 2018
Competitive, supply concerns
The advent of Airbnb-type services is a potential threat to Arizona’s traditional hotels and motels.
However, the impact “isn’t evident at this point to any dramatic degree,” said Robert Hayward, senior vice president in the Scottsdale office of CHM Warnick, a company that provides hotel management and advisory services.
Arizona continues to boost its hotel occupancy rates and average daily room rates, he said.
For example, in metro Phoenix, with 63,000 hotel rooms, occupancy stands at a near record-high rate of 67.7 percent. But while room rates are on the upswing, averaging nearly $127 a night, they still haven’t surpassed their previous peak, when adjusted for inflation.
Roughly 9,000 Valley hotel/motel rooms are projected to come onto the market over the next two to three years, Hayward added.
If new lodging supply hits the market during a national economic downturn, it could erode occupancy rates and average prices for rooms, he added. However, few economists currently see a recession on the horizon.
The state tourism office contends that visitor spending — besides directly supporting 187,000 jobs in the state — resulted in $6.9 billion in wages and $3.4 billion in tax revenue in 2017.
Each of those indicators — the number of jobs, job earnings and tax revenue— are at historical highs for Arizona’s tourism industry. Maricopa County attracts nearly half of all tourist dollars spent in Arizona.
As with employers in other industries, many hotels, restaurants and other tourist-driven businesses are having trouble finding enough workers, even after two recent hikes to Arizona’s minimum wage.
Staffing shortages and higher payroll costs could threaten profitability in the tourism sector.
“I’m hearing from a lot of industry people that it’s a huge issue,” said Johnson. “It’s hard to find workers.”
Seeking foreign visitors
Mexicans represent the largest pool of international tourists — nearly two-thirds of the total — though visits by Mexicans are down slightly owing to the strong dollar against the peso, cross-border political tensions and other factors.
The possibility of boosting the number of international visits from around 13 percent of the total is a big opportunity and goal for the state’s tourism industry, Johnson said, as foreign visitors tend to stay longer and spend more.
British Airways and Condor Airlines recently increased the number of flights connecting Europe with Phoenix Sky Harbor International Airport. Still lacking are better air connections to other parts of the globe.
Direct flights to China, in particular, would go a long way to attract more visitors from Asia, Johnson said. Meanwhile, Tucson International Airport currently lacks direct nonstop flights to and from the Northeastern U.S., let alone Europe or Asia.
Domestically, the state’s marketing focus is targeting consumers in key urban areas including Chicago, Minneapolis, San Francisco, Seattle and, more recently, New York.
Key competitors to Arizona for tourism dollars include Nevada, California and other Sun Belt states including Florida.
Mixed marketing messages
Potential visitors tend to respond well to advertising pitches showing landscape images of the state, especially at night, Floyd said. Yet Arizona continues to struggle with awareness issues.
For example, some foreigners responded in surveys that they had been to the Grand Canyon but never visited Arizona, Johnson said. Apparently, this gaffe results from visiting the Canyon as side trips from Las Vegas and assuming the national park is located in Nevada.
One notable long-term trend has seen a lengthening in Arizona’s once-cyclical tourism season, especially in the Phoenix metro area.
“It used to be that resorts shut down in summer,” Johnson said. “Now we’re busy year-round,” with more Phoenix-area residents vacationing locally and business groups holding more conferences here when the weather is hot but hotel and convention prices are lower.
The Office of Tourism’s annual research on visitor volume, spending and the tax impact was conducted by Dean Runyan Associates and Tourism Economics.
Reach the reporter at email@example.com or 602-444-8616.
- Seven ways you’re doing the Grand Canyon wrong
- Want to beat the Phoenix heat? Try southern Arizona for a change
- Tombstone cute? Sedona quaint? Internet, you are so wrong, here’s why
SEE IT ALL: https://www.azcentral.com/story/money/business/economy/2018/07/19/arizona-tourism-industry-brought-almost-23-billion-2017/794266002/?utm_source=azcentral-Business%20Noon%20News&utm_medium=email&utm_campaign=baseline&utm_term=hero
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me firstname.lastname@example.org. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
PLEASE CALL ME 520-975-5207 OR E-MAIL ME email@example.com
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me firstname.lastname@example.org
WEEKLY LAND CLOSING UPDATE / THROUGH June 15, 2018 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY LAND CLOSING UPDATE / THROUGH May 25, 2018 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY APARTMENT CLOSING UPDATE THROUGH June 15, 2018, Phoenix Arizona Metro.
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail email@example.com or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
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