Tourism, Communities and the growing Hotel Industry

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Tourism, Communities and the growing Hotel
Industry
Fort Lauderdale is one of South Floridas premier
destinations for tourism, as evidenced by its
annual average of 12 million visitors. Since
1950s, Fort Lauderdale has been a prime spot for
spring breaks, summer getaways, and in recent
times, cruise, yacht and nautical activities. At
the center of all this is Fort Lauderdales
booming hotel industry. The tourism and hotel
industries are symbiotic tourists need a place
to stay, and hotels need people to stay in them.
The trick is finding the right balance between
new hotel construction and average annual tourism
increase. If there are not enough new hotels
being constructed to meet demand, there is a
shortage that causes potential tourists to
rethink their vacation plans. Finding that
balance supports the industry, and it provides an
important economic and social boon to the
residents and local communities in cities like
Fort Lauderdale. The benefits afforded by a
booming tourist industry are immediate and
impactful. More money comes into the city,
empowering small business and artisans who are
sure to have a regular annual customer base. That
money goes into the community, where it improves
the general standard of living. It also helps
fund local government projects. Under the
right circumstances, thriving tourism and hotel
industries allow their communities to thrive, as
well. How Hotel Construction and Tourism Rates
Interact Tourism, as previously mentioned,
requires hotels. More available hotels means more
potential tourists. Fort Lauderdale plays host to
approximately 12 million visitors, nearly three
million of whom are international, annually.
After a 2012 census, it was found that hotels in
greater Fort Lauderdale averaged about a 72
percent occupation rate year-round, across the
561 hotels in the area. Fort Lauderdale is no
stranger to tourism, and that is reflected in
their huge hotel industry. In order to maintain
this industry, balance must be achieved. Hotel
construction must happen to drive tourist
interest in the city, keeping hotel prices
reasonable and offering new and exciting options
to tourists considering Fort Lauderdale as a
vacation spot. Hotel construction also cannot
exceeded the expected annual increase in tourism
by so much that there are too many hotels, or the
price for a night will be too low. If hotel
construction is too limited, prices will be too
high, and eventually, there will not be enough
rooms for potential tourists, who will take their
money elsewhere instead of spending it in
communities in Fort Lauderdale. This balancing
act is something that the hotel moguls of Fort
Lauderdale have come to master, and it is why
there has been tourist interest in Fort
Lauderdale since 1950s.
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What Hotel Construction Does for the
Community The communities of Fort Lauderdale
benefit the most from hotel construction.
Increasing tourism rates drive small business and
artisans, who make their living by selling their
services and wares to tourist waves during
peak tourism season. This money goes towards
improving the overall quality of life for
local residents, as well as providing funds for
the local government to build community-focused
projects like improvement of infrastructure. The
agile balancing act of hotel construction is
well known to the Fort Lauderdale hotel industry.
Its benefits and boons to the local economy and
community support higher quality of life and
enrich the future of local residents and their
successive generations. Articles Source
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and-the-growing-hotel- industry/