Tourism is reshaping the Mountain State.
West Virginia's tourism industry is blossoming. According to a recent MetroNews article, citing numbers from the Office of the Secretary of the West Virginia Department of Tourism, 75 million people visited West Virginia in 2023. Those visitors spent approximately $6.3 billion, a 5.6% increase from 2022. The overall economic impact of the industry in 2023 was a whopping $9 billion.
Tourism Works.
These statistics, coupled with the Governor's recent "Tourism Works" campaign — which estimates an additional 21,000 job openings in the tourism industry projected annually — bode well for the future of the Mountain State.
What this means for real estate and property management.
When tourism grows, so does demand for real estate and property management. While we currently focus on management for single- and multi-family properties, we see high potential in the real-estate market associated with long-term rentals, short-term rentals, and vacation homes. These are all areas we hope to invest in to further the future of Charleston and West Virginia more broadly. For more on the short-term rental angle specifically, see potential benefits of owning a short-term rental in West Virginia.
The view from Charleston.
We moved to Charleston because we believe in the future of the state. The geography, the community, the culture — and increasingly, the economic momentum that comes with a growing visitor base — make this one of the most interesting places in the country to manage rental property.
