Bed Tax Collections are UP, Business Numbers DOWN

Who said the Summer White Sale wouldn’t work? Well, although I was quite critical of the PCB Summer White Sale, I don’t think I ever said, verbatim, that it flat out would not work. But did it? Well, the answer is actually quite a bit more complex than a simple yes or no. Of course, that’s what makes the answer so much fun.

In a recent article, the News Herald reported that so far this year, compared to the same period last year, the bed tax collections are up 3.5%. This is true, additionally I found from October 2006 to June 2007, the bed tax collections were up to $3,953,245.77 or 11.77%. The 2006 number of $3,537,045.14 is up 3.04% from October 2004 to June 2005, and the 2004 numbers were up 5.94%. And because I always hate reading stuff like this in a paragraph, I’m gonna put it all in a nifty table:

Continue reading “Bed Tax Collections are UP, Business Numbers DOWN”

Grand Lagoon National Suffers Changes from Tropical Storm Fay

Tropical Storm Fay is already reaching its sea fingers up our way to effect our newest fishing tournament on Panama City Beach. So far the effects only encompass a few delays.

In addition, Tropical Storm Fay has inspired a new Champion Award, the Miz Fay Grand Champion Award. This award will pay $10,000 to the angler who “comes closest to, or breaks by, the largest amount, the Florida State Record of any eligible tournament fish.”

Continue reading “Grand Lagoon National Suffers Changes from Tropical Storm Fay”

Panama City Beach CVB is Getting a New Web Site

I find it interesting that the Panama City Beach Convention and Visitors Bureau is soliciting for a new web site vendor. They apparently are seeking to replace VisitPanamaCityBeach.com with something new. Currently, I beleive, Y Partnership is the vendor handling the site development and hosting.

Unfortunately I don’t have much more detail than that at this time, but at 9:30 I’ll be attending a meeting that should tell more about what is going on.

Here is the form that they are sending out.

Update:

I was at the meeting, but unfortunately it wasn’t much more than a discussion on the RFQ that is linked above.

Continue reading “Panama City Beach CVB is Getting a New Web Site”

Construction Update – Coastal Palms on Thomas Drive

Coastal Palms, a new development on Thomas Drive, directly across from the Navy base has just recently opened new retailers and restaurants.

It all started with a wisely placed La Quinta Inn, and now 18 months later, a budding new retail development featuring the likes of Hooters, Quiznos and a Cici’s Pizza. I’ve said it before, and I’ll say it again, the developer here is smart smart smart.

Continue reading “Construction Update – Coastal Palms on Thomas Drive”

Panama City Beach Condo Market Analysis After The Palazzo Auction

The Palazzo condo building had a successful auction Saturday, August 2, 2008, with around 50 units selling. Some have heralded the event as an indication that the bottom of the condo real estate market is finally here. However, a closer analysis may have a much more sinister conclusion.

Let’s analyze the current market value of the Palazzo 2BR/2Ba units the day before the auction. The current market value defined as the highest price that would attract a buyer, given a defined marketing period.

Continue reading “Panama City Beach Condo Market Analysis After The Palazzo Auction”

Quarter 2 Sales Comparison 2002 to 2008

The real estate market is in the toilet, right? Not so much. I mean, compared to 2005 and 2006, prices are low, but compare today’s numbers with numbers from 2002, 2003, or even 2004, and we’re not doing so bad. Sure, the average days on market is way up, but the prices today compared to prices of yester-years are not too bad.

Continue reading “Quarter 2 Sales Comparison 2002 to 2008”

TDC Meeting on Tuesday August 12th – Agenda

Tuesday should be an exciting day of reporting and presentation. We should see some final numbers on the success of the Summer White Sale campiagn, reported in the News Herald this morning as a success, and we should hear about the fall marketing plan.

Seeing over $500,000 in “free national media attention”, it was reported that the Summer White Sale campaign was a success. With over 60,000 visits and almost 20,000 coupon downloads, the campaign is still producing consumers with coupons at local resorts and attractions. Bed tax collections are up 2% from the same period last year.

The agenda is after the break.

Continue reading “TDC Meeting on Tuesday August 12th – Agenda”