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| | Story on H/M | |
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Bobby D
Number of posts : 14579 Location : Blacksburg,Va Registration date : 2009-02-08
| Subject: Story on H/M June 29th 2009, 10:26 pm | |
| Hatfield-McCoy Starts Strongly In 2009 After Record-setting 2008
LYBURN, WV - Permit revenue for the Hatfield-McCoy Trails is up 25 percent so far in 2009, following a record year in which revenue climbed 21 percent, despite a reduction in price, Executive Director Jeffrey Lusk said Friday.
The trend continues a four-year climb that has seen annual permit revenue increase 39.1 percent, leading to a record net income in 2008 of $926,095. The turnaround is especially dramatic considering net income actually dropped to $40,739 in 2006. While cautioning that it’s still early, and the overall numbers are small, Lusk said permit revenue had risen from $62,301 in the first 70 days of 2008 to $77,580 in 2009, a 25 percent increase.
“We experienced a record year in 2008, with permit revenue of more than $1 million, a 21 percent increase from 2007,” Lusk said. Not only was it an increase from 2007, but it was more than $100,000 above what had been expected.
The 2008 increase in revenue occurred despite a nearly 37 percent drop in the permit price for out-of-state residents – from $79 to $50. (Prices remain the same in 2009: $26.50 for West Virginia residents, $50 for out-of-state residents.)
Lusk attributes the improved performance to two factors: increased marketing and the vacation value offered by the Trails in difficult economic times. “I think we’re a bargain,” he said. “For $50, $26.50 for West Virginians, we offer unlimited access for an entire year to more than 500 miles of trails. You can’t beat that. “This is probably one of the best vacation bargains in the eastern United States,” he said.
Hatfield-McCoy also has become more aggressive in marketing and telling its story around the country to off-road enthusiasts, he said. “We didn’t do anything differently in 2007 except increase marketing,” he said, “and we still had a record year despite the lower permit price.” The Hatfield-McCoy Trails was created by the West Virginia Legislature to generate economic development through tourism in nine southern West Virginia counties. The system comprises more than 500 miles of off-road trails in six systems scattered over southern West Virginia, each of which is open 365 days a year to ATVs, dirt bikes, select utility vehicles (UTVs), mountain bikes, horses, and hikers. Many of the trail systems also offer community connecting trails that allow visitors to access “ATV-friendly towns.” Hatfield-McCoy Regional Recreational Authority Selected financial data, 2005-2008 | |
| | | launch22
Number of posts : 317 Age : 50 Location : south point ohio Registration date : 2009-04-02
| Subject: Re: Story on H/M June 29th 2009, 10:35 pm | |
| wow! wv actually doing something right for a change. lowering the price of the permit increases the revenue!! now if they could just figure out the same thing happens when you lower taxes!! | |
| | | Guest Guest
| Subject: Re: Story on H/M June 29th 2009, 10:42 pm | |
| I bought the permit since they reduced it, even though i ride free trails 99% of the time, We are thankful for such a well planned system. I think it'll be nice once you can ride from one trail system to the other ones, making for multi-day loops with some camping and some ho-tels. |
| | | Guest Guest
| Subject: Re: Story on H/M June 30th 2009, 1:40 am | |
| Now if some of the other local states would wake up and see what WV is bringing in revenue and get on board and open up some legal riding areas. |
| | | Guest Guest
| Subject: Re: Story on H/M June 30th 2009, 1:44 am | |
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| | | ohiofishman
Number of posts : 314 Age : 56 Location : ohio Registration date : 2009-03-31
| Subject: Re: Story on H/M June 30th 2009, 10:39 am | |
| ohio is supposed to develop new trails starting in 2010 | |
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