Summer tourist season looks strong
JACKSON HOLE, WYO – Economic indicators suggest Jackson Hole will see a strong summer tourist season.
April 30 marked the official end of the winter season in Jackson Hole. From May 1, all eyes are turned to the start of the summer season. According to the Chamber of Commerce and its Destimetrics report, April fairly strong but a little flaky due to “varying economic and weather conditions.”
The Dow Jones gained slightly and is still robust at the 21,000 mark but seems to have plateaued lately, the report stated. “Erratic snowfall meant conditions ranged from epic to spring-like across the industry in April,” the report also stated.
The forecast looks positive as far as economic indicators and how they might affect travel this summer.
“Investors watch for deregulation, interest rate changes, and any potential fallout from turmoil in Washington. The strong economic indicators of late will almost certainly trigger an interest rate hike in May that may have an impact on consumers, but consistently strong confidence in the past six months should help offset any short-term negative impact,” the report stated.
Lodging booking could suffer slightly with interest rate hikes and perceived inflation but advanced bookings (six months out) are looking strong. May – October is up 1.2 percent over the same period last year.