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Did You Know? Breckenridge Tourism Numbers Point To Economic Recovery

Posted by Breckenridge Associates Real Estate on Wednesday, March 9th, 2011 at 9:27pm.

Recent indicators in ski resort, lodging and local business numbers suggest Breckenridge and Summit County tourism may be recovering in today’s economy, according to a recent Summit Daily News article. Growth in lodging occupancy, retail and restaurant sales tax revenue increases, an outstanding month of December and better than average snowfall have contributed to a successful ski season thus far.

Lodging occupancy in Breckenridge jumped 7 percent in 2010, according to Mountain Travel Research Program (MTRiP) and as of March 3, winter season bookings were pacing 4 percent ahead of last year. Restaurant and retail sales tax revenue increased nearly 7 percent. This was the first increase seen in tax revenue in 2 years for these lines of business. December has been cited as the best month in 10 years for Breckenridge restaurants.

Although Breckenridge weathered the storm of the recession fairly well to begin with when compared to other ski resort destinations, it is great to see business improving and making up any lost ground. Positive results are expected well into March with occupancy forecasted at 90 percent mid-month.

Snow, snow and lots more snow has certainly been another piece of the puzzle helping to drive skier visits into Breckenridge this ski season. Snowfall resulting in increased visitation has likely worked in the favor of boosting sales at local businesses. Breckenridge has already surpassed typical annual snowfall averages in February with more than 300 inches as of February 18.

View the complete article titled Hard numbers point to economic recovery In Summit County as reported by the Summit Daily News on March 3, 2011.

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