One of the most important steps toward evaluating a potential real estate or business transaction is to go beyond the numbers. Those evaluations don't always come from real estate news or content. The below linked article may seem not pertinent to a property or business owner or to an investor. It is about anticipated popular travel destinations domestically and internationally for the coming Thanksgiving holiday period.
This year, "anticipated" takes on more meaning than most years. Current conditions, including the government shutdown (at the time of this writing) and interest rates, may be impacting if or how far (or close) people travel this year. However, there are statistics available on popular destinations for holiday travelers from past years.
If you own, or are considering acquiring a hospitality related business, or a service business (restaurant, car rental, entertainment venue), knowing whether or not to expect a heavy travel volume could impact decisions and positioning. Having information to believe there will be a heavy concentration of visitors could give you an edge in making your decisions.
Chances are that, on one month's notice, it's too late to take action for this year. Knowing to look at these trends starting shortly after the upcoming holiday period could help make you and your team "first in" on a profitable opportunity for next year and years to come.
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