Another recession is coming, Tampa Bay.
The main questions are: When will it arrive and how severe will it be?
A team of Tampa Bay Times business reporters have talked to dozens of business owners, Realtors, bankers, economists, tourism leaders, retailers and others to gauge the arrival of the next recession. We put together a special section on the topic.
Here are links to the stories I contributed.
A recession could be a bloodbath for restaurants in Tampa Bay
After the last recession, it took a while before people in Tampa Bay started splurging again on dining out.
Eventually they did. And as the economy recovered, new restaurants began to sprout all over the area, turning Tampa Bay into an exciting new foodie destination.
But a number of those restaurants might not be here for the long haul.
Some analysts say the next restaurant recession is on the horizon. There are too many restaurants to choose from and communities can’t support every new corner cafe and bistro popping up in hot neighborhoods around downtown St. Pete or South Tampa.
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Tourism continues to thrive in Tampa Bay despite Zika and Brexit, but is it recession proof?
When gas prices go up and wages go down, one of the first things consumers slash from their budgets is a vacation.
But with thousands of new hotel rooms coming online and existing room rates continuing to climb, local tourism boosters in Tampa Bay don’t see any signs of an economic recession in sight.
Pinellas and Hillsborough counties have reported record-shattering bed tax collections for years since the Great Recession and rates are only just starting to reach the peak pre-recession levels seen in 2006 and 2007. Both counties have regularly outpaced the state in tourism growth. And with more than 2,000 new hotel rooms set to open in the next few years, tourism officials don’t see a slowdown in their forecast any time soon, even with some hiccups like Zika and Brexit along the way.