Bozeman Tourism High and Growing

Tourists and visitors looking to visit the greater Bozeman area continue to come in larger numbers. Hotels, vacation rentals and traditional bed and breakfasts have all seen marked growth in their bookings for the 2015 summer.

According to the Bozeman Daily Chronicle, most rooms in Bozeman will be full every weekend through June, July and August assuming they haven’t been filled already. Some hotels are even booking into next year. Even with the new hotels moving in downtown, hotels are still seeing low vacancies.

Visitation statewide is expected to be up 2 percent this year. Last year, Bozeman had 40% of the 11 million visitors who visited Montana in 2014, so local Bozemanites should notice the tourism growth.

Bozeman has always attracted a large portion of out of state residents due to its proximity to public lands, Yellowstone and great local skiing. Last year, Yellowstone saw a large uptick in visitors during its high season and Big Sky saw above average tourism last year. Bozeman proper, meanwhile, was highlighted as a top 25 ski destination in the world. According to the University of Montana’s Institute on Tourism and Recreation Research, nearly 665 million non-resident dollars were taken in between 2012 and 2013 and Bozeman certainly has seen a good portion of these funds.

Many visitors to Bozeman have been looking for alternatives when taking vacation. Annual occupancy rates have gone up yearly since 2009 (42.5%) to now (51%). As less homes have less tenants and less vacation based tenants, with more owners taking up available real estate to visitors, many tourists have turned to AirBnB and other accommodation services to find a room. Air BnB for example, is an online community where owner occupied homes rent out space to tenants for short durations, much like how a bed and breakfast would function. Now, there are over 800 listings from Air BnB in Montana.

Investment opportunities may be available to homeowners looking for additional income streams. As more tourists need space in Bozeman, more opportunities will open up for locals. Bozeman’s high tourism provides a great base of people visiting the area while bringing in money to its residents. Bozeman’s location sells more than vacations though, and the town’s growth shows how sought after the Gallatin Valley has become.

 

Source: http://www.bozemandailychronicle.com/news/economy/hotels-vacation-rentals-booking-strong-around-bozeman/article_1c1331ca-728c-5a09-bc94-cf9a6313c528.html

http://www.kbzk.com/story/29152106/airbnb-rentals-growing-in-montana

 

 

Hart Real Estate Solutions

www.hart.realtor

406.585.0000

Hart Real Estate Solutions Bozeman Montana


  

 

Comment balloon 0 commentsHart Real Estate Solutions • May 28 2015 04:38PM
Bozeman Tourism High and Growing
share
Tourists and visitors looking to visit the greater Bozeman area continue to come in larger numbers. Hotels, vacation rentals and traditional bed and breakfasts have all seen marked growth in their bookings for the 2015 summer. According to the… more
Gallatin Health Department Performs High Nationally
share
The Public Health Accreditation Board highlighted the Gallatin City-County Health Department as one of the highest performing health departments in the United States. The department serves the greater Bozeman and Gallatin Valley area and it was only… more
Vacation Home Sales Way Up in 2014
share
Vacation homes sales in 2014 were almost as hot as the beachfronts they sat on. Vacation home purchases rose 57% from 2013 to 2014—an astounding number and one that suggests buyer confidence continues to improve For a place like the Gallatin… more
Gallatin County Market Update May 2015
share
This month, we will compare condo and townhome sales for Quarter 1 in the Gallatin County between 2014 and 2015. Here are a few stats for all Gallatin County condos and townhomes: Unit Sales decreased in the first quarter by 1. 7% (121 sold in 2014,… more
Bozeman High Students Awarded Best Newspaper in Montana
share
After receiving awards for the highest ACT scores in the state and having some of the highest AP exam scores in the nation Bozeman High School students book ended their school year with another award. The students who run, create and design the… more
Potential New Development off Manley Road?
share
Tonight, Bozeman City Commissioners will decide whether re-zoning a piece of land out in the Manley Road area for residential use is feasible and makes sense for the city moving forward. If they decide yes, the owner of the land will move forward… more
New Eco-Friendly College of Business Building Complete at MSU
share
After two years of construction, the new College of Business will open on Thursday for MSU students and the public alike. The building will help open up study space for a rising student population while improving the college’s and overall University… more
Bozeman Exploring Solar Alternatives
share
City leaders want to lower utility costs and make Bozeman a little greener by offering some form of solar program to its residents. The city wants to provide clean energy to all its residents-whether they rent or own a home. Currently, a new… more
Montana Unemployment Rate Lowest Since 2007
share
March unemployment numbers were released, bringing more positive news to Montana and the Gallatin County. Montana’s unemployment rate dropped to 4. 1 percent, down from 4. 4% seen earlier this year That rate is the lowest seen since October of 2007… more
Bozeman to Reconsider Historic District Regulations?
share
The City of Bozeman will pay $60, 000 for an in depth study reviewing the effects of its Historic Conservation Overlay District on the local real estate market. There will be a meeting at 6 pm on Tuesday in City Hall to discuss Bozeman’s next steps… more