“This is a significant milestone in Orlando International Airport’s history because it shows the sustained strength of the Central Florida economy,” says Phil Brown, Chief Executive Officer of the Greater Orlando Aviation Authority. “With over 47 million annual passengers and growing, we must continue to plan and build for future growth, following the vision that was established more than three decades ago.”
Orlando held onto its No. 1 spot in 2018 as the top city for meetings and conventions in the U.S., according to Cvent, who has produced an annual list of top convention cities since 2012. The meetings and conventions management technology provider tracked meeting activity from January-December 2017 to compile its 2018 list.
Florida's geographic location makes it one of the primary logistics sites for any business seeking to access either the East Coast or Gulf Coast of the United States. Florida is the only state with seaport access in both the Gulf of Mexico and the Atlantic Ocean. In addition, Florida's location allows for cost-efficient access to the Caribbean and South America.
The Games will be comprised of 15 Olympic-type team and individual sports, as well as 5 potential demonstration sports. The Games will be hosted at ESPN Wide World of Sports Complex at Walt Disney World Resort, the YMCA Aquatic Center, the U.S. Tennis Association campus in Lake Nona, and other sporting facilities across the Orlando area.
Governor Scott said, “Florida’s tourism industry and our entire economy continue to flourish. After having record-breaking tourism in 2017, Florida started off the first half of 2018 by welcoming back-to-back record quarters of visitors. These record-breaking achievements allow our economy to create more jobs and adds to our success of having nearly 1.6 million private-sector jobs created in seven and a half years while our state’s unemployment rate is the lowest in over a decade.”
“We are on track to have a record breaking summer at Orlando International Airport. Our passenger growth is reflective of the value placed on this community by our travelers,” says Phil Brown, Chief Executive Officer of the Greater Orlando Aviation Authority. “At our current pace we should surpass 47 million annual passengers by the end of summer.”
Fortunately for Orlando, the housing market is bolstered by a healthy economy, prices that compare favorably to other major cities, and a quality of life that attracts an influx of new residents by the thousands each year. In addition, the Orlando market benefits from international home buyers who look to Orlando for investment and vacation properties.
Forbes crunched fed data to determine which U.S. cities offer the best return for a real estate investment; in Fla., Orlando, Tampa and Jacksonville ranked high. Florida boasts fairly low housing prices statewide, many people are still opting to rent instead of buy. As a result, rental rates are skyrocketing.
Now add into the mix low property taxes and insurance, as well as no state income tax. Great climate and top-of-the-line healthcare are bonuses that help make Florida one of, if not the best, states for America’s retiring Baby Boomer masses.
If you’ve got a feeling that Metro Orlando keeps getting more crowded, you’re right — and that’s pushing home prices higher. Orlando is exploding as a region because of assets including creative and technologically advanced economy, forward-thinking transportation initiatives, combined with an exceptional quality of life.
Orlando’s median home price jumped more than 10 percent in April when compared to April of last year while sales likewise saw an increase of more than 8 percent, reports the Orlando Regional REALTOR® Association. Inventory declined by nearly 11 percent compared to this time last year.