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Sunday, May 14, 2006

Impact of High Fuel Costs on Arizona

Rising fuel costs have not reduced the traffic at open houses based on my personal experience.  However, there are concerns that soaring gasoline prices could adversely impact tourism this summer.  This would affect hotels, resorts, restaurants and other businesses dependent on tourists and visitors from California.

“While soaring gas prices certainly are a concern, we feel visitors will continue to travel this summer—especially visitors from short-drive markets such as within Arizona and Southern California,” said Rachel Pearson, spokeswoman for the Scottsdale Convention & Visitors Bureau.

“Last summer, despite high gas prices, visitors came to Scottsdale in record numbers, giving the city an average 63% occupancy during the summer months,” Ms. Pearson said.

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Aaron Freeman of Realty Executives Scottsdale Ranch  Contributed By: Aaron Freeman
Realty Executives Scottsdale Ranch
10301 N. 92nd Street, Suite 101
Scottsdale, AZ  85258
Mobile: (480) 323-8152
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Please call or e-mail me if you or someone you know is thinking of buying or selling a home, or if you would like to know the range of value of your property, I’d be happy to service your real estate needs.

Posted by Aaron Freeman on May 14, 2006 | Permalink


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