Ocean City wants to continue an upward trend in tourism in 2020. By MADDY VITALEAfter coming off one of their most successful summers ever, Ocean City business leaders will look to sustain the momentum by holding an economic summit headlined by the state’s tourism director.The Ocean City Regional Chamber of Commerce will host its annual business summit at the Flanders Hotel on Thursday, Oct. 10 at 8 a.m. to discuss the summer of 2019, strategize for the future and listen to the advice of a top leader in tourism, Jeff Vasser, executive director of the New Jersey Division of Travel and Tourism. Michele Gillian, executive director of the Chamber, said of the importance of the summit, “Tourism is the No. 1 industry in Ocean City. When we have a blockbuster summer like we just had, it certainly helps small family businesses to reinvest and help improve the Ocean City experience. It also helps stabilize our year-round community.”Vasser will be discussing trends in tourism, visitor spending, the economy, and key local, regional and state issues to watch. Umbrellas dot the Ocean City beaches on a busy August day.“It will be beneficial to all our Chamber members to attend and hear from the director of our state Division of Travel and Tourism,” Gillian said. “We want to keep the momentum going from our great summer season and Jeff will be presenting valuable tools for our businesses to work with.”Ocean City’s Tourism Commission has a comprehensive marketing campaign with a budget of more than $620,000. Each year the commission invests in social media, billboards, TV, internet, postcards and other ways to attract visitors.Marketing is “an integral part of how we get people to come across the bridge and vacation in Ocean City,” Gillian said.She pointed out that Vasser is a key person to provide the best, most current and critical information on the state’s tourism.“He is a vital part to N.J.’s tourism, as well as Cape May County, and especially Ocean City. With his wisdom and experience in a seashore community, he understands the tourism cycle of seasonal businesses,” Gillian explained. She continued, “Having Jeff represent tourism for the state of New Jersey gives us a seat at the table in marketing Ocean City. He has the ear of the governor, relaying important issues related to tourism from a small business perspective.” The downtown bustles with shoppers on a July day.Vasser has served in several leadership roles. He served as president of the Atlantic City Convention & Visitors Authority for 11 years, overseeing the daily operations of the public authority responsible for two major convention and event facilities and marketing the destination that anchors the region’s $8 billion tourism industry. The breakfast meeting is $20 at the Flanders Hotel, located at 719 E. 11th Street in Ocean City. Reservations must be made in advance by calling 609-399-1412 or email [email protected] Sturdy Savings Bank is sponsoring the event.
Despite a rise in earnings, Aussies have cut back on spending as record low rates spur on new housing. Picture: AAP IMAGE/Troy Snook.RECORD low interest rates have spurred not just a rise in new home building, but for the first time in five quarters, Aussie households are saving again.A strong savings habit has been the cornerstone of a rise in home ownership in Australia, which has become supercharged after falling interest rates in recent years.Latest Australian Bureau of Statistics national accounts figures found households had turned a corner and it’s coming at a time when gross domestic product (GDP) also grew 0.6 per cent, which was 2.8 per cent higher than the same time last year.ABS chief economist Bruce Hockman said despite a 1.2 per cent rise in wage growth, Aussies had brought consumption growth down to just 0.1 per cent.More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours ago“This weak household spending combined with growth in household income resulted in an increase in the household saving ratio for the first time in five quarters,” he said in a statement. Earnings have gone up, so has housing construction. Picture: Jodie Richter.A whopping 17 out of 20 industries saw positive growth in the September quarter, according to ABS, with Housing Industry Association senior economist Shane Garrett seeing a welcome “bounce” in new home building of 1 per cent.“Interest rates are remaining lower for considerably longer than expected and this has provided detached house commencements with a bounce — something that (the) GDP figures have captured,” he said.“In addition to this, building activity on the ground remains buoyed by the task of completing the large volume of new homes which were commenced last year.”He expected a modest slowdown in new home building activity going forward, with pressure coming off restrictions on foreign investor participation in key housing markets and another round of APRA constraints.“Australia’s economy is still not growing quickly enough to warrant an increase in interest rates any time soon. We need interest rates to remain very low in order to nurture a healthier pace of economic expansion.”
Facebook Twitter Google+ It’s a season of lasts for Syracuse. The Orange is in its last Big East season and will play in its last Big East tournament at season’s end. Each meeting with a long-time conference rival could be the last for the foreseeable future.One rivalry in particular stands out for SU: Georgetown. It’s the game the upperclassmen get most geared up for every year and underclassmen are most excited for when they arrive at Syracuse. On Tuesday the two will play for what is likely the last time as members of the Big East.“It’s not just about that one team, it’s just about going through this conference now,” SU head coach Quentin Hillsman said. “Things are winding down and you know it’s almost the end of some of these teams you’ve been playing for the last eight years for me now.”The Orange (19-3, 7-2 Big East) travels to Washington, D.C., on Tuesday for its last regular season meeting with the Hoyas (13-10, 4-6) as a member of the Big East.But as No. 23 Syracuse continues to rise through the ranks and jostle for NCAA Tournament positioning, center Kayla Alexander and the rest of the Orange are treating the perhaps final meeting with GU as “just another basketball game.”AdvertisementThis is placeholder text“We’ve got to get the W if we want to get our goal at the end of the season,” Alexander said.The final tour through the conference has been a “bittersweet” experience for SU guard Elashier Hall. As a senior, these would be her final tests against old conference foes.But the importance of the end of an era isn’t lost on the underclassmen either. Even if they’ve only played these old rivals once or twice, the final trek through Big East play still holds special significance.“There’s more going into this game because it’s going to be our last time playing them, it’s our last time for the Big East against them,” freshman guard Brianna Butler said of the upcoming game. “So we just want to go in and get a win.Entering the season, Syracuse’s senior class had never won against Georgetown. Five tries. Five losses. When the two met for the first time this season, the Orange finally got its win, a 30-point victory in the Carrier Dome.But even then, SU started slow. The Hoyas’ star guard Sugar Rodgers kept GU in the game early and Syracuse made unforced errors before blowing Georgetown away in the second half.Those nerves are gone now.“The jitters of playing them the first time, the excitement, everything going on, we kind of got that out of the way by getting the W,” Hall said. “And then getting it with a great number like that, a second one would be great.”Nearly every meeting between the Orange and the Hoyas turns out to be a memorable one. Last year GU scored the final five points of the game to spoil SU’s Senior Day. Two years before that, Rodgers hit a runner with 20 seconds left to hand Georgetown an overtime victory.The 30-point blowout partially avenged that. The memories of the past aren’t all gone, but so far, Hall will mainly remember the victory in the Dome.Though GU has disappointed this season, Syracuse doesn’t expect this to be anything other than a hard-fought battle. While the Orange has cruised at home, most conference contests away from the Dome have been tight. Going against an archrival, Alexander doesn’t expect Tuesday night to be any different.“Every time we go down to Georgetown it’s always been a dogfight because we’re in their gym,” Alexander said. “So we have to bring our A game.” Comments Published on February 11, 2013 at 11:18 pm Contact David: [email protected] | @DBWilson2