PANDEMIC EFFECTS IN COLLIER COUNTY TOURISM INDUSTRY BOUNCING BACK

PANDEMIC EFFECTS IN COLLIER COUNTY TOURISM INDUSTRY BOUNCING BACK

Laura Layden | Naples Daily News | USA TODAY NETWORK | FLORIDA

Collier County’s tourism industry has bounced back more quickly than expected from the pandemic.

At least, when it comes to the transient or leisure market.

That’s reflected in the county’s latest visitor statistics from its consultant Tampa-based Research Data Services, shared Monday at a Tourist Development Council meeting.

In March, all metrics turned to positive, compared to the same month a year ago when the World Trade Organization officially declared the CO VID-19 outbreak a pandemic.

“It’s so nice to be reporting positive numbers,” said Anne Wit tine, director of data analysis for Research Data Services.

Here’s what the year-over-year improvement looked like last month:

  • Visitors: 230,200, up nearly 62%
  • Room nights booked: 282,800, up more than 70%
  • Economic impact: $363,568,000, up almost 93% Even more telling are some of the side-by-side looks at occupancy and rates, not only when held up to last year, but to where they stood before the pandemic turned the travel industry upside down worldwide.

In the case of the average daily rate, the county’s increased to $413.27 in March, up by more than 20% from $342.11 a year ago and up by almost 15% from $359 .90 in 20 19.

Occupancy surged by more than 77% over the year to 87.5% last month, edging closer to the more solid rate of 9 1.6% seen in 2019.

Lee County reports quarterly, not monthly data. Data for the first quarter won’t be out until May, so it’s not yet clear how its tourism industry is faring.

A comeback

Collier County saw a record year for tourism in 2019, so comparisons to then are viewed as that much more impressive as the industry makes a comeback.

The county continues to see a higher than usual number of visitors hailing from Florida, a trend spurred by COVID-19.

Since the outbreak, more tourists have stayed closer to home and driven to their destinations, rather than flying, to avoid crowds and reduce their exposure to the virus.

In March, the county saw 66,988 visitors from Florida. That was up by nearly 57% from a year ago, reflecting market shifts.

“Even in March, we found those core visitors that have supported us all the way through are still coming, and still coming in big numbers,” Wittine said.

Indeed, March visitation from state residents was 21.4% higher this year than in 2019.

Other key markets in the United States are picking up as the recovery takes hold in Collier.

These regions showed huge improvements in visitation numbers last month, when compared to a year ago:

h Southeast: 20,027, +98.1% h Northeast: 75,736, +80.9% h Midwest: 54,788, +131.8% Those higher numbers reflect several factors, a greater willingness to fl y, due to a growing number of vaccinations as well as a pent-up demand from visitors who are venturing out again, following forced or voluntary lockdowns, Wittine said.

As further evidence of those trends, she said, the county had nearly twice the number of visitors from markets west of the Mississippi in March, when compared to a year ago. That includes California, where lockdowns have been much more heavy-handed, due to the severity of cases.

Domestic travelers are driving the turnaround, as visitation from Canada and Europe is still too small to measure, due to travel restrictions and limited flights.

At the start of 2021, a recovery like this one wasn’t expected to happen in Collier until late this year, or early next year.

Beating the competition

Collier’s tourism industry isn’t just recovering sooner than expected, but more quickly than most of its competitors in Florida.

Pointing to statistics from tourism research fi rm STR, Wittine noted the Naples area or county saw a 125% increase in its hotel occupancy rate for transient, or short-stay leisure travelers, in March, when compared to last year. That put it first for the highest percentage increase among its competitive set, which includes markets such as Clearwater, Sarasota, Fort Myers, Palm Beach, Miami and the Keys.

The STR data which includes all of the major hotel brands also shows Collier had the highest year over year increase in its average daily rate for leisure travelers among its rivals in March. That rate rose by more than 30% to $418.05.

Only the Keys had a higher rate at $456.61.

Comparing 2021 to 2019, Wittine said only the Naples area and the Keys saw positive increases in their revenue per available room in March.

The revenue per available room is derived by multiplying a hotel’s average daily room rate by its occupancy rate.

While there are many positives, the local tourism industry still faces some tough challenges.

One of those challenges is luring back group business, which has been much slower to recover, with most in-person meetings and events postponed or cancelled outright since the pandemic.

STR data shows occupancy for groups in the Naples area at just 5.6% in March, down more than 53% from a year ago.

Now hiring

Another big challenge for the industry As it gears up again, area hoteliers are struggling to fi ll open positions.

The pandemic forced the industry, one of Collier’s largest to shed thousands of jobs. The jobs have come back faster than the workers, Wittine said.

“In Collier, we have some properties that say they could have had more rooms in the market and could have sold them if they could have had the staff to be able to serve those visitors,” she said. “So, that is definitely an issue the industry is seeing as we move forward in this recovery.”

Despite the challenges that lie ahead, members of the Tourist Development Council reveled in all of the good news.

Naples City Councilman Mike McCabe, who sits on the advisory board, said there are just “piles and piles” of great news in the latest statistics.

“We are accelerating rapidly,” he said.

Although they lag behind, the county’s tourist tax collections are showing improvement as a result. A chunk of the 5% tax, charged on overnight stays, is used for tourism marketing, and that’s seen as crucial as the county works to stay ahead of the competition.

For the fiscal year that started in October, tax collections are down 17% over the year, but the gap is narrowing, said Jack Wert, the county’s tourism director.

“We are making progress,” he said. “Slowly, but surely.”

March Home Sales Volume for Naples Hits Record High

March Home Sales Volume for Naples Hits Record High

NABOR Market Report

Naples, FL (April 23, 2021) – Records were broken in March, but “don’t call Guinness just yet!” say broker analysts reviewing the March 2021 Market Report, released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). The analysts are a small contingency of leaders who represent the area’s top real estate brokerage firms and meet monthly at NABOR® to interpret area housing market statistics. The group’s analysis of activity last month confirmed that March broke records; but celebrations to commemorate the month’s record high statistics should be postponed because these broker analysts also agree that our market is probably not done breaking records for the year.

According to the report, March’s historic activity included 1,851 closed sales, $1,582,474,997 in total sales volume, and 60,147 showing appointments. This makes March 2021 the highest performing month on record over the last 13 years (the span of time NABOR® has tracked key metrics reflecting the area’s housing market activity).

March was also the first month in several years where there were more reported price increases than decreases. Median closed prices in March increased 12.2 percent to $415,000 (the highest median price increase month/month on record since 2008) from $370,000 in March 2020. In March 2021, there were just 1,819 homes in inventory (the lowest it has been since 2014), which was a 73.2 percent decrease from 6,795 homes in inventory in March 2020.

Pending sales (homes under contract) activity in March also broke records, as seen in the 152.7 percent spike to 2,469 pending listings from 977 pending listings in March 2020. However, broker analysts were quick to remind each other that a high number of sales during the second half of the month last year were lost as we were in a pandemic lockdown. Despite last March’s COVID-19-related market anomaly, this March’s pending sales still eclipsed pending sales activity reported in any March over the last eight years.

The NABOR® March 2021 Market Reports provide comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

chart NABOR Market Report March 2021

The March Market Report showed remarkable closed sales performance in the condominium market during March too, which had a 71.6 percent increase in sales to 1,021 closed sales from 595 closed sales in March 2020. Closed sales of single-family homes over $2 million also increased 68.4 percent in March. Geographically, closed sales of condominiums in Central Naples rose 118.3 percent in March, while the average sale price for single family homes in Central Naples increased 38.4 percent to $901,807 from $651,370 in March 2020.

Four Seasons Resort in Naples

Four Seasons Resort in Naples

Developer chooses a five-star resort to operate the Naples Beach Club Hotel
Laura Layden | Naples Daily News – April 13, 2021 | Updated April 14, 2021

The secret is out.

Naples could soon boast a five-star Four Seasons resort.

While Four Seasons Hotels & Resorts hasn’t publicly announced its interest yet, The Athens Group has confirmed it has a letter of intent for the world-renowned brand to operate the five-star resort that will replace the landmark Naples Beach Hotel.

“Four Seasons’ destination resort hotels and residences are unsurpassed, and we believe this unique location in Naples deserves nothing less,” said Kim Richards, CEO of The Athens Group, in a statement.

“While the operating agreement is still in development, Four Seasons shares Athens’ vision for creating exceptional experiences for our resort guests and residents, as well as our Naples neighbors,” he said.

The revelation comes as The Athens Group’s purchase of the current hotel draws near. The closing on the entire 125-acre property, including the golf course and tennis center, is set for the end of May.

The developer plans to replace the current hotel with a smaller, more upscale resort, and to build what it has described as “best-in-class” residential condos on both sides of Gulf Shore Boulevard, with elevated amenities that will include golf and tennis.

According to its website, in 2020 Four Seasons signed agreements for nine new hotel, resort and residential projects, despite the challenges posed by the coronavirus pandemic, “tying a record for the most new deals in the company’s 60-year history.”

“With each new property, our goal is to create the best luxury experience in that market by offering a product of exceptional quality combined with unparalleled service. Each new hotel, resort and residence is a unique reflection of its local market, while also representing the future of what Four Seasons will deliver for years to come,” said Christian Clerc, the brand’s president of global operations, in an update about the company’s growth plans last month.

While Four Seasons is expected to service the residences at the new Naples Beach Club development, The Athens Group has not yet confirmed whether they’ll carry the same brand as the resort.

According to its website, Four Seasons entered into branded residential offerings more than 35 years ago — and “nearly 90% of upcoming openings and pipeline developments include a residential component.”

Four Seasons is one of only a few hospitality companies that also acts as a property manager for its residential owners.

The brand’s interest in Naples comes as welcome news to community supporters of the redevelopment project, first announced back in 2018.

“They can only improve the dynamic of the hospitality industry, as well as the neighborhood. I see it only as a positive. I see absolutely zero negative to that whatsoever,” said Joe McCabe, vice president of development at Gulf Coast Commercial Corp. in Naples.

“The Four Seasons brand is a very well-known brand worldwide, a respected brand, and something I’m sure Naples would be proud to have in the community,” he said. “When you look at how Four Seasons has maintained their brand and the amenities — and the execution of their operations — it’s nothing but good.”

He commended the developer’s efforts to continue working with the community to address ongoing concerns about some of the project’s finer details that have yet to be worked out, including proposed changes to the golf course and green space The Athens Group has committed to preserve.

“I think that these guys are serious about putting together a five-star resort, and a project that will be a star for the city of Naples,” Hutchison said. “And probably the last remaining issue now, the biggest issue, is the golf course, and what the outcome will be, for that piece of property.”

Like Hutchison, fellow Councilman Gary Price said Naples would be fortunate to attract another high-end brand such as Four Seasons.

“If Four Seasons is the brand, then I think that is a wonderful message to this community that I think we can be proud of,” he said. “Having the ability to attract such a terrific brand, a quality brand.”

While a Four Seasons may not have as profound of an effect on tourism and real estate as the opening of the first Ritz-Carlton in the Naples area decades ago, Price said a Four Seasons has the potential to draw new attention and new interest from the affluent around the world.

“We’re in a different place than we were when the Ritz came here,” he said.

While he welcomes the idea of having a Four Seasons in Naples, Price said one of his biggest worries is how to “preserve the charm of what the property has meant to the community over the decades,” and to keep it “inclusive” so residents can still enjoy its golf course and other amenities at a reasonable price.

Read the full story on naplesnews.com.

Barefoot Beach renovation to bring construction, closures starting April 5

Barefoot Beach renovation to bring construction, closures starting April 5

Thaddeus Mast | Naples Daily News
Published April 2, 2021, updated April 3, 2021

Barefoot Beach is getting an upgrade, but construction will close the boardwalk, pavilions and part of the parking lot for weeks, according to a Collier County Parks and Recreation official.

Collier County will begin the Barefoot Beach Access Construction Project on Monday, April 5. The access point at 5901 Bonita Beach Road will get a new boardwalk and repairs to five pavilions, Project Manager Michael Cherbini said.

“We’re redoing the boardwalk, which is currently synthetic wood, and replacing it with Brazilian hardwood,” Cherbini said.

The beachside pavilions will get new benches, wood and awnings, he said.

Parks and Recreation aims to finish the project by Memorial Day, although material shortages could push construction into June, Cherbini said.

The project, which is estimated to cost around $300,000, is being funded by tourist taxes on short-term rentals and hotel stays.

Money is set aside to relocate any gopher tortoise nests found in the path of the construction work.

Sea turtle nesting season forced the project to begin in April, Cherbini said. The sea turtle protection season runs from May to October, and state statutes make beach construction difficult during these months. Parks and Recreation wants to finish part of the project before the season begins.

“We have a very successful sea turtle season because we take these precautions,” Cherbini said.

The sandy waterfront can still be reached from the Bonita Beach Access, which is less than 100 feet north of the Collier County Barefoot Beach boardwalk.

Most of the parking lot will still be accessible, with construction taking up six to eight spots near the small roundabout, Cherbini said.

HGTV’s 2021 Smart Home is in Naples

HGTV’s 2021 Smart Home is in Naples

Laura Layden | Naples Daily News
Published April 1, 2021

Neapolitans won’t have to look far to find HGTV’s Smart Home for 2021.

That’s because it’s in Naples — or at least close to it.

HGTV officially announced the location of the home to the media Thursday.

The ranch-style home is in a private-cul-de-sac next to the Eagle Lakes Golf Club, which sits out east where U.S. 41 turns into a two-lane road, minutes from Marco Island.

Ahead of the announcement, the home’s interior designer Tiffany Brooks had already revealed the coastal locale as “Naples” on the home improvement channel’s website, stealing some of the thunder.

The fully furnished, technologically advanced home will go to the lucky winner of a sweepstakes that begins April 21 and ends June 11.

Along with the home, the winner will get a new Mercedes-Benz E-Class Cabriolet and $100,000 from LendingTree, a prize package valued at more than $1.1 million.

Including the latest Smart Home, Brooks has designed six of them for HGTV, which is part of Discovery, Inc.’s family of brands.

The Naples area seemed like a top choice for such a home for several reasons, Brooks said.

“When we saw that Naples was named the #1 Happiest and Healthiest City in the U.S. by Gallup for the fourth straight year, it was an easy decision to call it home to this year’s HGTV Smart Home,” she said via email.

Naples fit with the overarching goal of choosing a place where the winner could “enjoy all aspects of life year-round and truly live well,” she added.

“Naples is known for its stunning natural beauty with one of the largest mangrove forests in the world and world-class beaches. It offers tons of outdoor activities, outstanding golf courses and shopping and dining all right on the coast,” Brooks said.

As for the home’s design, she said it’s meant to “capture the essence of Naples.” She describes it as a “true smart oasis.”

“I really honed in on Naples and its link to wildlife and its casual luxury vibe. I captured all of this primarily through the use of color, pattern and texture,” Brooks said.

The one-story luxury home stretches about 2,600 square feet, with three bedrooms, three bathrooms and a two-car garage.

Here’s a partial description of the home from HGTV: “Upon entering, visitors are greeted by a gorgeous palm tree-lined patio with seating for guests, leading into an entry way that opens into a grand living room with a study to the left. Off of the living room, is a full-service smart kitchen, a breakfast area, as well as a hydroponic garden in the pantry.”

Each bedroom has its own unique design, all with their own attached bathrooms.

A one-hour special on the home will air on HGTV on April 21 at 7 p.m. Or you can catch it a day earlier on the HGTV GO app.

Read the full article on NaplesNews.com.