Florida has always been known for tourism. The state attracts some 60 million visitors annually. As for some estimate of their contribution to the states economy, it is said that in 2000, 23.2 million winter visitors vacationing in Florida beaches accounted for $ 21.9 billion of the states income.
It is easy to see why so many are attracted to Florida. The state has two things going for it: its weather and its beaches. Florida has the longest coastline among states in the US, with some 1,350 miles of coast. As for the weather, it enjoys a lot of sunshine. However, the real reason for the relatively constant temperature in the state is that it is surrounded by the ocean, which mitigates wild temperature fluctuations.
It is this constancy of temperature almost all year round that brings people to Florida. In fact, Florida is the fourth most populous state in the US, with people drawn to the area not just by the weather but by the states vibrant economy. As a result of all this influx of people, real estate is one of its top revenue earners. And with that many people, it is not surprising that there is growth in the services industry.
With the state having 18.5 million residents, a figure that is further swollen by the influx of tourists, Florida is a great market for retailers. With a per capita income of more than $ 37,000, retailers need to be ready to attract the attention of would be buyers.
But in a national economy that is slowly recovering from a recession, the retail industry has hit upon a great idea. Outlet malls in Florida are now common. Outlet malls are a great way for consumers to achieve great savings on purchases of high-quality, branded products, a case of getting more for what you pay for.
Outlet malls in Florida are getting easier to find, with most of these malls establishing a presence in many areas that cater to tourists.
With the growing trend for outlet shopping, Florida will continue to attract tourists. The current trend in tourism for domestic travel ensures that as spending increases, the local economy grows and contributes to national economic recovery.
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Consumer Education Specialist, Federal Trade Commission
"Percentage of Stores That Are Outlets"
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