Walt Disney World Magic Kingdom’s new Fantasyland opened 2013
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| Seaworld Orlando's Antarctica exhibit |
ORLANDO, FL -- The recovery of tourism and housing in the
Orlando area will spawn job growth, supporting solid retail gains.
Hotels in the Orlando metro have posted three years of
occupancy improvement and rising rates, as visitor numbers continue to set new
records.
Last year, tourism spending jumped by $3 billion and will
escalate with the debut of Walt Disney World Magic Kingdom’s new Fantasyland
and SeaWorld Orlando’s Antartica: Empire of the Penguin exhibit.
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| Seaworld Orlando's Empire of the Penguin |
To support this growing demand, hundreds of new hotel rooms
are under way which will in turn bolster leisure and hospitality job creation.
The improving employment outlook has begun to generate
housing demand, breathing new life into subdivisions put on hold during the
downturn.
Lake Nona is
one area where builders have become increasingly active, and retailers are
taking notice. Wawa, 7-Eleven, Chick-fil-A, and O’Reilly’s Auto Parts have all
committed to adding multiple stores this year.
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