Palm Beach County is famous for attractions like the Roger Dean Stadium, the Ann Norton Sculpture Garden, and world-class beaches. Still, all these play second fiddle to the area’s greatest draw: the toasty weather.
Since the polar vortex made winter exceedingly bitter in many states, it’s not surprising that millions of people flocked to Palm Beach to escape the cold. As CBS 12 reports, all these visitors helped the county set a new record:
“Heads in beds means big bucks and we’re setting records here.
In Palm Beach County, every time someone stays in one of our hotels or motels, they pay a county bed tax.
And in February 2014, Palm Beach County set a record in terms of how much bed tax money was collected.
For the first time ever, Palm Beach County took in $5,000,000 from the bed tax in a single month…
By law, the bed tax money must be spent for beach renourishment, tourism marketing and also to help pay off the debt on Roger Dean Stadium in Jupiter and the County Convention Center in West Palm Beach.”
Of course, tourism has long been a major economic driver in the county. According to marketing corporation Discover Palm Beach County, the tourism industry contributes more than $6.8 billion to the local economy and supports some 59,000 jobs.
That’s why respected general contractors in Palm Beach County say that investing in tourist-friendly commercial establishments can be a lucrative endeavor. Palm Beach County Contractor, Corp., for example, says that hotels, restaurants and bars are just some of the things that entrepreneurs can establish to cater to the area’s many tourists.
Of course, starting a new business is a major undertaking, and nowhere is this more apparent than during the construction phase. Building projects involve many parties, such as construction workers, electricians, plumbers and suppliers. Construction also takes months or even years, and many issues may arise between the groundbreaking and opening of a building. Hence, entrepreneurs must hire only trusted Palm Beach County contractors to ensure that projects are finished on time and on budget.
Tourism will remain a fixture in Palm Beach County’s economic fabric, and entrepreneurs will continue to tap into this lucrative market. With the help of experienced contractors, they can build commercial establishments that tourists will enjoy and patronize.
(Source: With Tourism Up, PBC Sets Hotel Tax Record, CBS 12, April 16, 2014)