{"id":20571,"date":"2017-12-28T22:47:16","date_gmt":"2017-12-28T22:47:16","guid":{"rendered":"https:\/\/www.vailvalleypartnership.com\/?p=20571"},"modified":"2017-12-28T22:54:41","modified_gmt":"2017-12-28T22:54:41","slug":"a-peak-into-2018","status":"publish","type":"post","link":"https:\/\/www.vailvalleypartnership.com\/2017\/12\/a-peak-into-2018\/","title":{"rendered":"A peek into 2018"},"content":{"rendered":"

Not a week (day?) goes by that I\u2019m not asked my take on our local economy. It\u2019s a funny question, given that the folks asking typically have their fingers on the proverbial pulse of our community as much as (or more) I do.<\/p>\n

In all fairness, in my role as president & CEO of Vail Valley Partnership, I do talk to a variety of member businesses on an ongoing basis and we do work with various entities in both the private and public sector with regularity. We also track economic indicators, demographic trends, and lodging occupancies<\/a>. So it\u2019s not that strange of question \u2013 even if those asking are equally in the loop.<\/p>\n

My answer to the question of \u201cWhat are you seeing in the economy?\u201d is that, in many ways, we are facing the tale of two economies and one consistent theme holds true. To paraphrase the great Charles Dickens, it\u2019s the best of times and it\u2019s the worst of times.<\/p>\n

So just what does that mean?<\/p>\n

My take is that many businesses, especially those in the resort core and those most reliant on tourism, are seeing (close to) \u201cthe best of times\u201d. Despite challenges from Mother Nature across the Rocky Mountains, our sales tax revenues continue to be strong and show growth, lodging occupancies remain relatively stable, and event attendance for our signature events continues to maintain growth \u2013 with a continued focus from Vail, Avon, Beaver Creek, and Eagle (among others) to invest in new events to drive tourism growth.<\/p>\n

Opportunities to capitalize on this success and to capture repeat visitation are abundant \u2013 and communities throughout the valley are working hard to do so. From the Vail Valley Partnership\u2019s destination marketing efforts, we are seeing solid growth in our group sales efforts to impact mid-week and off-peak business.<\/p>\n

On the flip side, we have very real challenges facing our community. If we don\u2019t address them, we might be facing \u201cthe worst of times\u201d. Certainly, workforce development, broadband, transit\/transportation, and housing impact business success and employee retention efforts. These economic pressures continue to present challenges to our continued economic growth. It is a tough time out there and these macro-level challenges impact our economy and the success of businesses across industry sector.<\/p>\n

We\u2019re seeing many small businesses continue to struggle throughout the valley and feedback<\/a> from our member businesses show that we still have a long way to go to reach a point where businesses across geographic and market segments are seeing equal successes and feeling fully confident in our economic future.<\/p>\n

What does this mean? I don\u2019t have all the answers (not by a long stretch), but it\u2019s important to continue the discussions and to continue to focus on both enhancing our economy via workforce development efforts such as CareerWise Colorado<\/a>, regional broadband efforts<\/a> led by Northwest Colorado Council of Governments, transit & transportation improvements<\/a> and enhancements, and grass-roots housing advocacy<\/a> efforts. These are issues we must address together, in a collaborative manner, while at the same time encouraging our local municipalities and governments to provide the business & regulatory environment needed for businesses to succeed.<\/p>\n

With numerous local elections (including county commissioner, state house, state senate, and local special districts) approaching in 2018, be sure to push candidates for their positions on economic issues to support our business community. Be sure to ask these candidates for office how they will help our regional economic development efforts moving forward, to ensure we don\u2019t see the worst of times.<\/p>\n

 <\/p>\n

Chris Romer is president & CEO of Vail Valley Partnership<\/a>, the regional chamber of commerce representing Eagle County.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Not a week (day?) goes by that I\u2019m not asked my take on our local economy. It\u2019s a funny question,…
Read More<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[85],"tags":[421,810,311],"class_list":["post-20571","post","type-post","status-publish","format-standard","hentry","category-presidents-post","tag-vail-chamber-of-commerce","tag-vail-economy","tag-vail-valley-partnership"],"acf":[],"yoast_head":"\nA peek into 2018 | Vail Valley Partnership<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vailvalleypartnership.com\/2017\/12\/a-peak-into-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A peek into 2018 | Vail Valley Partnership\" \/>\n<meta property=\"og:description\" content=\"Not a week (day?) goes by that I\u2019m not asked my take on our local economy. 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