Orlando Florida Tourism Weather - local economy will collapse?
Tourism is the lifeblood of the area, the Orlando economy. Before Walt Disney has developed its theme parks, there was little in Central Florida's orange groves and other farms. Today, Orlando is one of the largest U.S. cities and has long been booming over the last 30, but there are some signs that the global economic crisis is to have a large economic impact on Central Florida.
According to the Orlando CVB in October 2008 has led someHotel prices is most clearly evident, but the beginning of Orlando CVB data for November 2008 is in the sign of revenues over hotel may refuse to enter into a stage% free-fall with initial turnover indicators decreased from 27 + / - compared to last November for the Metro Orlando market as a whole. For a tourist economy like Orlando, where companies not only in close proximity across the United States, but around the world in key markets such as power of Britain, all signs indicate the problemseen much worse, and perhaps the massive recession overshadowed in 2001.
Timeshares in Orlando has also been very hard hit, because this business model, the main sources of income are the responsibility of financing and credit, everyone knows that at this moment is very close. Perhaps as a whole, some of the best economic indicators for Orlando and the tourism industry, as the stock prices of some of the leading hotel brands, and the company share time with a presence in the region. Many of these pricesfell more than 75% over the last 6 months.
Finally, the short-term future of the tourism industry of Orlando in the year 2009/2010, the systemic error into the gritty and Orlando are a real chance. Many hotels and restaurants have already closed, with many more local companies limited by shares shall be issued and the time the armies of employees. The long term is unclear yet to be restored correctly, in the hope that the world economy and the trust can, but asbut appears to be no end in sight.
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