Panama City Beach - New record revenue on condos rentals

The Bay County Tourist Development Council has reported that July 2017 saw a 13.42% increase in collections when compared to July 2016. As of October 2016, the fiscal year goal increased by 13.44 percent and Panama City Beach’s growth has increased for the past 11 months. This is great news for locals as well as tourists.

According to Dan Rowe, this is a record-setting year, one that will likely be reflected in the record books. The city has driven a level of tourism that the Bay Country should be proud of, one that has raised the standard for the city. This can be seen in the influx of visitors that come to the area each year.

Many people are flocking to the area, often for their very first visit or returning for a follow-up visit after falling in love with the area. July sees particularly fantastic weather in the area, and July Fourth festivities are an even bigger draw, making it a popular time to search for condos for rent.

Rentals make up 5% of the Tourist Development Tax, and marketing strategies are funded by derivatives from the tax. The Panama City Convention and Visitors Bureau is responsible for this program. In addition to marketing efforts, the Tourist Development Tax also helps to groom and clean the beach, in addition to being used for product improvement.