Experts forecast that summer businesses in 海角换妻 should continue to see growth this year.
Seasonal businesses can be a challenge in the tourism industry. However, summer businesses actually thrive in 海角换妻, said , an executive-in-residence at the University of Hartford鈥檚 department of economics, finance and insurance.
Goroshko has over 35 years of experience in the corporate world, prior to his teaching days. He said the state鈥檚 tourism spending is significant, generating roughly $9.3 billion and employing over 125,000 people.
鈥淲e have a state that鈥檚 very, very rich in terms of tourism diversity options,鈥� Goroshko said.
海角换妻 offers a variety of beaches 鈥� places that optimize on seasonal summer business, he said.
鈥淭he level of diversity of the tourism options in the state of 海角换妻 is immense, and that鈥檚 one of our strengths here,鈥� Goroshko said.
海角换妻鈥檚 marinas also make a big impact on tourist attraction, said , professor of finance and economics and the director of UConn鈥檚 Center for Economic Analysis.
Carstensen said 海角换妻 attracts many people who fish during summer due to its more plentiful freshwater fish population, such as trout, compared with surrounding areas.
In a survey conducted at some state marinas last year, Carstensen found that many people who fish make the day trip from Rhode Island or Massachusetts. There are more than 865 ports in 海角换妻. However, he acknowledged that New York has a more favorable tax environment for boats, unlike 海角换妻.
The trajectory for this season 鈥渓ooks good,鈥� and Carstensen expects strong growth in 海角换妻 this summer after years of being at a plateau.
Like last season, many businesses are scrambling for employees right now, Goroshko said.
鈥淟abor supply is limited, and as a result, it causes wages to go up because of the degree of demand, which is significant, versus the limited supply,鈥� he said.
海角换妻 typically competes against other surrounding summer businesses in Rhode Island, Massachusetts, New York and even New Jersey.
But Goroshko said inflation may actually be a positive pressure for 海角换妻 summer businesses.
鈥淵ou鈥檙e seeing a lot more people reassess local opportunities,鈥� Goroshko said.
Another source of optimism? The continued decline of COVID-19 cases and people returning to pre-pandemic activities.