It is no coincidence that Forbes voted Orlando the best city for real estate investment in 2018. According to official figures released by Visit Orlando (Orlando's official tourism association), the city managed to surpass 2016, when it registered 68 million tourists, with 5% growth compared to the previous year.
The increase over the previous year was mainly due to domestic visitorswho travel from other states in the country to spend the vacations with their families. International visitor numbers remained stable. With these figures, Orlando retained its title as the most visited destination in the United States.
Almost 66 million of visitors to the city of Orlando in 2017 are from the United States, and the rest (6 million) were international travelers.
In 2017, Orlando International Airport became the busiest airport of the country, and it's easy to understand why.
The city's financial figures, job creation rates and economic stability already indicated this growth, and after the official release of the figures, areas that live especially off tourism have a lot to celebrate, because this growth doesn't stop there.
The trend is that 2018 has an even higher numberThis is due to the new investments and attractions that are being created in the city, as well as the constant expansion in infrastructure involving: airports, a train link between Miami and Orlando, Universal's new acquisition of lots that will allow the park to grow with resorts, restaurants and new attractions for its visitors, and much more.
Theme parks are constantly expanding
Last year, Disney World opened a new section of the animal kingdom, Pandora the World of Avatar, and Universal Orlando Resort opened a new water park, Volcano Bay.
This year, Universal debuted a new attraction based on the "Fast and Furious" movie franchise, and Disney World is opening another attraction based on the "Toy Story" movie.
Next year will also see the opening of "Star Wars" at Disney World and "Sesame Street" at SeaWorld.
Tourism has boosted the economy and improved the quality of life in Central Floridasaid Orange County Mayor Teresa Jacobs with executives from the hospitality sector, leaders of theme parks, and major authorities linked to tourism in the city.
The revenue generated by taxes from tourism visitors, raised $ 255 Million in fiscal year 2017 with growth of 6% for Orange County, and continues to grow strongly.
An estimated 112 restaurants, resorts and attractions have arrived in Orlando in the last five years, according to Visit Orlando, which is responsible for marketing tourism in the region.
The unemployment rate fell to 3.2% in March, the lowest in more than 10 years, according to figures recorded last month.
Investment in vacation homes to rent out to the city's tourists
In the face of such growth, financial stability and major investments planned for the next five years, investing in Orlando vacation rental propertiesThe dollarized currency has become an increasingly popular option for foreigners from all over the world, who want to dollarize their assets and make money with the strongest and most stable currency on the planet.
More and more Brazilians are investing in real estate in Orlando. We are at the top of the ranking of investments made by foreigners in the city (13%), ahead of countries like Canada (12%) and England (10%). Source: National Association of Realtors.
If you're thinking of investing in vacation homes, now is the time. Real estate is currently appreciating at almost 9% a year, and can generate returns of over 10% a year.
It is no coincidence that Forbes voted Orlando the best city for real estate investment in 2018. According to official figures released by Visit Orlando (Orlando's official tourism association), the city managed to surpass 2016, when it registered 68 million tourists, with 5% growth compared to the previous year.
The increase over the previous year was mainly due to domestic visitorswho travel from other states in the country to spend the vacations with their families. International visitor numbers remained stable. With these figures, Orlando retained its title as the most visited destination in the United States.
Almost 66 million of visitors to the city of Orlando in 2017 are from the United States, and the rest (6 million) were international travelers.
In 2017, Orlando International Airport became the busiest airport of the country, and it's easy to understand why.
The city's financial figures, job creation rates and economic stability already indicated this growth, and after the official release of the figures, areas that live especially off tourism have a lot to celebrate, because this growth doesn't stop there.
The trend is that 2018 has an even higher numberThis is due to the new investments and attractions that are being created in the city, as well as the constant expansion in infrastructure involving: airports, a train link between Miami and Orlando, Universal's new acquisition of lots that will allow the park to grow with resorts, restaurants and new attractions for its visitors, and much more.
Theme parks are constantly expanding
Last year, Disney World opened a new section of the animal kingdom, Pandora the World of Avatar, and Universal Orlando Resort opened a new water park, Volcano Bay.
This year, Universal debuted a new attraction based on the "Fast and Furious" movie franchise, and Disney World is opening another attraction based on the "Toy Story" movie.
Next year will also see the opening of "Star Wars" at Disney World and "Sesame Street" at SeaWorld.
Tourism has boosted the economy and improved the quality of life in Central Floridasaid Orange County Mayor Teresa Jacobs with executives from the hospitality sector, leaders of theme parks, and major authorities linked to tourism in the city.
The revenue generated by taxes from tourism visitors, raised $ 255 Million in fiscal year 2017 with growth of 6% for Orange County, and continues to grow strongly.
An estimated 112 restaurants, resorts and attractions have arrived in Orlando in the last five years, according to Visit Orlando, which is responsible for marketing tourism in the region.
The unemployment rate fell to 3.2% in March, the lowest in more than 10 years, according to figures recorded last month.
Investment in vacation homes to rent out to the city's tourists
In the face of such growth, financial stability and major investments planned for the next five years, investing in Orlando vacation rental propertiesThe dollarized currency has become an increasingly popular option for foreigners from all over the world, who want to dollarize their assets and make money with the strongest and most stable currency on the planet.
More and more Brazilians are investing in real estate in Orlando. We are at the top of the ranking of investments made by foreigners in the city (13%), ahead of countries like Canada (12%) and England (10%). Source: National Association of Realtors.
If you're thinking of investing in vacation homes, now is the time. Real estate is currently appreciating at almost 9% a year, and can generate returns of over 10% a year.
Did you like the article? Keep an eye on our blog! Looking to invest in real estate in Florida? See the list of houses for sale in Florida we've selected for you!
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