The hurricane that wasn't slammed Volusia County hospitality industry in August with bed tax collections down 8.78% from August 2018.
Even worse, the threat from Hurricane Dorian lingered long enough to wipe out Labor Day weekend and kept people away on into September.
But what Dorian didn’t do was cause widespread damage. There were a few hits here and there, but there aren’t a bunch more hotels and condos closed from storm damage. Now, if we could just get some new ones open and some damaged ones reopened.
The latest passenger numbers also were a reminder about how a hurricane can hurt. Daytona Beach International Airport is still largely down because of JetBlue ending its daily New York flight, but the storm also shut down the airport for a few days, too. Passenger traffic at DAB declined 13.4% in August from August 2018. During the month, 59,103 passengers flew in or out of the facility compared to 68,103 passengers last August.
But the good news is with the limited property damage, the area’s hospitality industry should be able to bounce back some, depending on how much people nationwide are affected by economic and political chaos and uncertainty.
A few commercial real estate deals to report, led by a non-profit group. Ponce Inlet Lighthouse Preservation group bought the Pacetti House at 4928 S. Peninsula Drive for $1.7 million. Cevi Med bought the industrial property at 1351 S. Leavitt Ave. in Orange City for $950,000. The Hazen family of New Smyrna Beach bought the Shops at the Colony building at 376 Flagler Ave. for $750,000.
Jersey Mike’s Subs is going into Tomoka Town Center at 1425 Cornerstone Blvd. in Daytona Beach. No word yet on Ford’s Garage opening.
Various and sundry plans keep popping up. Local developers want to put a residential development on the east side of Tymber Creek Road, across from Latitude Margaritaville, in Daytona Beach. A 19-building industrial center is planned on Oak Street, along the railroad track in Port Orange. Don’t get excited, they’re not large buildings, more the kind of places a small business needs for storage and a workplace. Also in Port Orange, Resort Lifestyle Communities is proposing an independent living, seniors complex at southwest corner of Town West and Williamson boulevards.
On a final note, the merger of NASCAR and International Speedway Corp. was set to go final today, which means Daytona Beach loses one of its public companies. Other than having to report its financials, I’m not sure how public ISC was anyway, although the company was good about reporting how each race weekends affected its bottomline and provided insight on how each race track was doing.
Managing Editor Cecil G. Brumley has been tracking business and the economy in Volusia County for more than 22 years. Contact him at firstname.lastname@example.org (no hyphens) or follow him on Twitter @cecilbrumley.