Myrtle Beach Hotels on the Oceanfront and those around Broadway at the Beach are seeing a slow start to Summer rentals. With the economic reversals of Fall 2008, Myrtle Beach experienced a slow end to rentals in the period that ran from October through December as well.
"We have seen a soft beginning to 2008", said J Goldstein, manager of Coastal Golf Away. Coastal Golf Away is one of the premier golf vacation companies in the area that runs from Ocean Isle Beach to Pawleys Island. "We are hoping that consumer confidence will grow with the new administration in place."
"The misery index is real high right now", said Christina Taylor, a sales account executive for Myrtle Beach Hotels.
"We are waiting for March". stated Bruce Kligman, owner of Kligs Kites. "For our business, we really don't know the effects until the tourists either come and spend, come and don't spend, or don't come."
Many hotels in Myrtle Beach, SC are seeing reservations for Summer months booked at half of what was on the books at this same time in 2008. "People are just waiting longer this year to make reservations", said Bob Cline, owner of Cherry Grove Realty, a company that does sales and vacation rentals.
While the new administration is promising hope, Myrtle Beach vacation rentals and area hotels just aren't feeling it yet.
Myrtle Beach Real Estate sales have seen a small blip up according to the Sun News recent blog about Condo Lux.
Perhaps we are nearing the bottom of an economic decline or perhaps the bottom is just ahead. It does appear that consumers are worried in general and vacation spending will happen last minute this year, if at all.
What's your opinion? Has the economic recession moved beyond the real estate industry in your area?