Hilton Head Island's economy is primarily tourism and real estate
driven.
More then $1.5 billion impacted the Hilton Head Island/Bluffton-Okatie
economy in 2000 by 2.5 million visitors, several hundred of whom made
the move permanent.
Presently, there are more than 600 real estate executives employed
on the Island.
61% of local jobs are tourism-related.
Approximately 43 percent of the 5,000 licensed Island enterprises
are retail and service-oriented companies.
Retail operations and restaurants in particular have flourished in
the Hilton Head Island/ Bluffton-Okatie area.
Hilton Head Tourism Statistics
Tourism pumps more than $1.5 billion into the Hilton Head Island area
economy annually.
Tourist lodging facilities on Hilton Head Island pay nearly $20 million
in property taxes to Beaufort County.
Tourism in the Hilton Head Island/Bluffton-Okatie area employs over
10,000 people living both on the Island and in the surrounding communities.
Sales taxes paid by visitors total $47 million. Taxes paid by tourists
save every South Carolina taxpayer more than $200 each year in state
taxes.
Last year, $2.5 million taxes paid by tourists was awarded to community
organizations to help:
Nourish beaches
Pay for the Island Recreation Center
Support the Hilton Head Island College Center
Build Bike Paths
Support the Children's Center
Support various Cultural Organizations
Beautify the Town with Landscaping and Much More!
The Hilton Head Island tourism industry contributes nearly $1 million
each year to local charities and not-for-profit organizations...and
that doesn't even include United Way contributions from their employees.
While the number of tourists to the Island has grown an average of
2% annually over the past five years, tax revenue from tourism has increased
at more than double that rate: 4.8% annually for the same time period.
This year's visitors to Hilton Head Island are more educated and have
higher household incomes than five years ago.
Nearly all the growth in the Hilton Head Island/Bluffton-Okatie tourism
has occurred during the winter months and is represented by the mature
traveler market.
RealEstateHiltonHead.net
is a full service real estate company.
We specialize in the market and sale of properties all over Hilton
Head and Bluffton.
If
you are interested in working with a highly effective and
specialized group of real estate professionals, please call us!
It would be a privilege and a pleasure to work for you!
David Stebbing
Real Estate Advisor
Licensed South Carolina Realtor
