{"id":14455,"date":"2014-01-07T21:40:18","date_gmt":"2014-01-08T02:40:18","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2014\/01\/2014-economic-forecast---consuelo.html"},"modified":"2014-01-07T21:40:18","modified_gmt":"2014-01-08T02:40:18","slug":"2014-economic-forecast-consuelo","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2014\/01\/2014-economic-forecast-consuelo\/","title":{"rendered":"2014 Economic Forecast – Michael Consuelo"},"content":{"rendered":"
\n
\n\"michael\n<\/div>\n
Michael Consuelo, executive director, Lake George Regional Chamber of Commerce\n<\/div>\n<\/div>\n

By Michael Consuelo<\/p>\n

Recently published reports indicated that 2013 was a very good year for Warren County and all signs are pointing to continued success for 2014.<\/p>\n

Sales tax receipts – a key barometer – and occupancy tax collection – a source of revenue closely monitored within our heavily visited region – are showing signs of marked increases for this year. The hotel and motel properties, along with the bed and breakfast community, are projecting collections to rise some 5.8 percent this year.
\nIn 2014, most eyes will be focused on the Charles R. Wood Park and in particular, the 2.5 acre festival space. In the past few years, this parcel within the park has been used for parking vehicles. When completed this year, the space will be a great new venue for concerts, arts, antiques, crafts and car shows and even in the winter for possible snow-cross exhibitions and the like.<\/p>\n

The festival space will have restroom facilities, a children’s play area, a skate park, ponds, sitting areas and pathways for taking in the entire Charles R. Wood Park, including the wetlands, which have been activated and are treating the stormwater before it flows into our beautiful lake.<\/p>\n

Perhaps not so much this year, as construction will be taking place, but for the future we see the park as a major attraction for years to come.<\/p>\n

Another boost, again perhaps not this year, is the proposed start of a new six-story hotel to be built on Canada Street in the Village of Lake George.<\/p>\n

Identified as a Marriot Courtyard, this wonderful addition to the village will focus on providing much-needed convention and event space that will attract groups on a year-round basis, which may give reason for businesses to stay open longer than the traditional summer\/fall season.<\/p>\n

This new hotel, along with the Fort William Henry Resort & Conference Center and the Sagamore Resort, will allow our Convention & Visitors Bureau to be more aggressive in pursuing the meetings market.<\/p>\n

And speaking of the Sagamore, hearing the good news that this great resort is now open year round will certainly help boost visitations to our region in the winter, while providing jobs to some who were considered seasonal employees before the announcement.<\/p>\n

The Lake George Chamber will continue to exhibit at such well-attended travel shows as the International Travel & Tourism Show in Montreal, the New York Times Travel Show in New York City, the AAA Foxboro Show in Foxboro, Mass., and the Boston Globe Travel Show in Boston, to name a few. It is at these shows where we have the opportunity to speak to vacation planners looking for that new and exciting destination. And for some, a return visit. Being just three to four hours away from these show locations makes Lake George that ideal destination.<\/p>\n

Given our visibility in the Canadian market and being just three hours away from Montreal is a plus. We saw many visitors from the north this past year and a repeat is in the making. We are fortunate that we see travelers stop at visitor centers in the village, on the Northway and at our office inquiring more and more about Lake George and our region.<\/p>\n

Last year, and hopefully, into this year, we saw a diverse mix of the vacation traveler and we see this as a positive trend that will add to the number of visitors coming to stay and play in our lakes, parks and surrounding countryside.<\/p>\n

We are fortunate to work and live in such a wonderful destination and through the strong efforts of our county, town, village and chamber leaders, we are continuing to experience growth in the region. We in the tourism industry are looking forward to a successful 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"

Michael Consuelo, executive director, Lake George Regional Chamber of Commerce By Michael Consuelo Recently published reports indicated that 2013 was a very good year for Warren County and all signs are pointing to continued success for 2014. 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