Spring and early summer economic indicators released
JACKSON HOLE, WYO – The economic dashboard release by the Chamber of Commerce this week indicates Jackson Hole is in the midst of another strong summer season. All indicators are a bit off of last summer’s red-hot pace with the exception of how many people have been arriving to the Hole via air travel.
Lodging was down slightly (-2%) in April 2017 compared to last year but sales tax revenue is up 2% this year through May as compared to last January-May. Unemployment is down for May 2017 when compared to 2016 or 2015.
Visitation to the national parks was off slightly compared to last year’s celebration of the 100th anniversary of the park system. Grand Teton National Park reported June 2017 numbers were down 6% compared to June 2016. Overall visitation this year is also down 8%.
At Yellowstone, numbers were robust but still could not equal last year’s record-setting gate. June 2017 was down 4% compared to June 2016. Year-to-date totals are also down 2% from last year at this time.
Airport enplanements for June 2017 were up 8% over last year. Year-to-date enplanements are also trending slightly higher over last season, up 2%.
Occupancy rates for Teton County in June 2017 were down 5% from 2016’s June. However, the future six-month, on-the-books performance is slightly ahead of last season.
Real estate sales for the first quarter of 2017 were up by 14% (# of sales) and up 20% ($ volume) compared to the 1st quarter of 2016.