2010 Brings Strong Tourism to the Outer Banks

Hurricane Earl may have chased some tourists away from the Outer Banks last week, but as a whole, this has been a very strong year for OBX tourism

The July 2010 Occupancy Tax and Food & Beverage Tax were record setting on the Outer Banks.  Occupancy tax collection from vacation rentals rose 15% in July.

Rental receipts during July 2008 and 2009 dropped from the earlier all time high of $97 million set  in July 2007, but July 2010 occupancy revenues topped out with gross rental receipts just exceeding $101 million, surpassing the previous July 2007 high.   

For the January through July period, that revenue is up 5%.  On a month to month basis, January receipts were up, February was up, March was down, April was down, May was down, and June and July were up.  Though August figures are not yet available, indications are that they increased as well.

Speak Your Mind