Top 5 Emerging Destinations in the US for Investing

Are you thinking of investing in top emerging destinations in the US? Tourism is back on track after two years of the pandemic and  the latest data from multiple organizations are indicating that tourism is likely to maintain a high growth rate for a foreseeable future. According to the U.S. Department of Commerce, in 2019 alone, nearly 80 million international travelers visited the US and added close to $240 billion to the US economy. 

So, in this blog, we will bring forth the top 5 emerging destinations in the United States wherein you can invest and grab the opportunity of the growing tourism market. 

So, let’s get started!

1.  Providence, Rhode Island

Providence is the capital of Rhode Island and also its largest city. It is located in the Northeastern United States. It is one of the most densely populated cities in the United States. The city is known for its culture, history, cuisine, art, and outdoor activities.

The city of Providence is considered one of the fastest emerging holiday destinations in the US,  as it offers a blend of everything a tourist looks for. Be it art, museum, culinary, nature, vibrant lifestyles, or recreational activities, it has something for every generation. 

According to Tourism Economy, in 2019, Rhode Island hosted 26.1 million visitors which was 3.2% more than 2018. But due to the pandemic, the number decreased to 21.6 million. However, 2022 marked the best season ever. During this period there was an increase of 8% in comparison to 2019.

Here are some of the best things to do and places to visit in Providence.

  • The Botanical Center at Roger William Park
  • Museum of Natural History and Planetarium
  • RISD Museum
  • Providence Performing Arts Center
  • Roger William Park Zoo
  • Providence Children’s Museum
  • Providence River Boat
  • Rhode Island State House
  • Neutaconkanut Hill Conservancy
  • Escape Rhode Island

Best Places to Eat

  • East Side Pocket
  • Los Andes
  • Waterman Grille
  • Gracie’s
  • Hemenway’s Restaurant
  • Camille’s
  • The Capital Grille
  • Pane E Vino
  • Massimo Restaurant
  • Al Forno

2. Milwaukee County, Wisconsin

Milwaukee is the largest city in the state of Wisconsin and lies along the shores of Lake Michigan. The beautiful city has a lot to offer in terms of natural beauty, recreational activities, restaurants, and many more. 

Here are a few facts that make this city the next big tourist destination.

According to the Wisconsin Department of Tourism, in 2021 the total revenue generated by the tourism industry was $20.9 billion, and before the start of the pandemic (2019) the total revenue was $22.2 billion. This indicates that tourism is picking up much faster than expected. The data also indicates that Milwaukee County tourism grew by 19.5%. The data also shows that Milwaukee county is the state’s largest tourist market, accounting for nearly 25% of total tourism. These indicators show promising growth in tourism in Milwaukee county in the coming years.

Things to do and places to visit in Milwaukee County

  • Harley Davidson Museum
  • Milwaukee Art Museum
  • Milwaukee County Zoo
  • Milwaukee Public Museum
  • Lakefront Brewery
    Mitchell Park Domes
  • Milwaukee RiverWalk
  • Best Place at the Historic Pabst Brewery
  • Milwaukee Public Market
  • Lakeshore State Park

Best Places to Eat

  • Mo’s A Place for Steaks
  • Carnevor
  • Tre Rivali
  • Tupelo Honey
  • Saffron-Modern Indian Dining
  • The Third Coast Provisions
  • Blue Bat Kitchen & Tequilaria
  • Merriment Social
  • Oak Barrel Public House
  • Central Standard Crafthouse and Kitchen

3. Poconos, PA

Poconos is a beautiful region located in Pennsylvania and has been one of the most sought-after holiday destinations for families, solo travelers, couples, and friends. This collection of counties is known for its breathtaking landscape, vacation homes, lake beaches, snow and water adventure, and the list goes on. 

The Poconos is already a famous and well-established tourist destination and has been consistently ranked in the top 10 places to witness fall foliage by USA Today 10Best Readers’ Choice Award. These achievements make Poconos a great place for investment.

Things to do in the Poconos

  • Boating in Lake Harmony
  • Asa Packer Mansion
  • Lehigh Gorge State Park & Scenic Railway
  • Delaware Water Gap National Recreation Area
  • Downhill Skiing and snowboarding 
  • Poconos Adventure Park
  • Old Jail Museum
  • Waterpark and Amusement Park
  • Big Pocono State Park
  • Frazetta Art Museum

Best Places to Eat

  • Moyer’s Country Kitchen
  • The Water’s Edge Restaurant
  • Terra Cottage Cafe and Gifts 
  • Sherry’s Place
  • Fork Street Bistro and Bakery
  • Lake Naomi Clubhouse
  • Rustic Kitchen Bistro & Bar
  • Stone Bar Inn
  • Moya
  • Sweet Creams Cafe

4. Mammoth Lakes, California

Mammoth Lakes is a small yet vibrant town. It is known for top destinations like Mammoth Mountain and June Mountain ski areas, along with spectacular sceneries and geological wonders.

Due to its proximity to the Eastern Sierra Nevada Mountains, Mammoth Lakes is a hub of outdoor activities, such as hiking, fishing, camping, and skiing, consequently, the town is gaining popularity as an emerging vacation destination. Mammoth Lakes’ economy is tourism based and according to the report “Town of Mammoth Lakes: 2021 Community Indicator Report”, Tourist Occupancy Tax (TOT) Revenue was $8.1 million in 2021.

Things to do and places to visit in Mammoth Lakes

  • Mammoth Lakes Welcome Center
  • Minaret Vista
  • Mammoth Mountain Ski Area
  • Devils Postpile National Monument
  • Crystal Lake Trailhead
  • Mammoth Mountain
  • Lake Mary Road
  • Tamarack Cross Country Ski Center
  • Earthquake Fault
  • Rainbow Falls

Best Places to Eat

  • Mogul Restaurant
  • The Warming Hut
  • The Stove
  • The Lakefront Restaurant
  • Skadi
  • Dish Bistro
  • Noodle-Ly
  • Nik-N-Willies Pizza-n-Subs
  • Petra’s Bistro & Wine Bar
  • Elixir Superfood & Juice

5. New Orleans, Louisiana

New Orleans is the largest city in the state of Louisiana. The city is famously known as “Big Easy” and is a center of nightlife, Jazz music, creole cuisine, cultural history, and natural attractions.

According to a report by UNO Hospitality Research Center “ Tourism spending in Louisiana Parishes 2021”, visitors spent close to $6.7 billion in New Orleans in 2021 which was 48% higher than in 2020. In 2022, New Orleans was also ranked the 3rd happiest travel destination by “ Club Med’s Happiest Travel Destination 2022’ , just behind Bali and Las Vegas. These achievements automatically make New Orleans one of the best-emerging tourist destinations.

Things to do and places to visit in New Orleans

  • Frenchman Street
  • French Quarter
  • Garden District
  • The National WW2 Museum
  • New Orleans City Park
  • New Orleans Cemetery Tour
  • New Orleans Swamp Tour
  • Jackson Square
  • Audubon Park & Audubon Zoo
  • Steamboat Natchez

Best Places to Eat

  • Cochon Restaurant
  • Brennan’s
  • GW Fins
  • Restaurant Rebirth
  • Commander’s Palace
  • Irene’s
  • Commerce Restaurant
  • Brigtsen’s Restaurant
  • August
  • Katie’s

These are the top 5 emerging destinations in the US. They are known for their unique recreational activities, beautiful vistas, history, and culture.  These bright vacation destinations offer a great opportunity for investors to capitalize on the growth potential of the hospitality industry.

Why invest in these Emerging Destinations in the US?

The Emerging Destinations mentioned above, have a rapidly growing middle-class population, which consequently increases the demand for tourism and provides higher returns on investment. The best thing about the emerging global tourism market is that there is less competition, meaning investors can enter the market and establish their foothold. It also helps the investor to diversify their portfolio and not overly depend on a single region or market. Finally, emerging markets offer something different in terms of experience from traditional tourist destinations making them a great prospect for investment.

If you are one among thousands of people looking for a platform to launch your vacation rental business in some of the best emerging destinations, then list your property with HolidayKeepers, wherein our easy-to-use platform helps you turn your vacation home into a profitable business.

FAQs

  • What makes these destinations the emerging travel destinations?

These places aren’t undiscovered, but they might be newly discovered. These destinations are usually vibrant, have business-friendly downtowns, efficient and offer affordable deluxe accommodations.

  • What is the number one vacation destination in the US?

New York City currently holds the spot of most-visited city in the United States.

  • What are some of the emerging tourism types in the US?

Sustainable tourism, food tourism, experiential tourism, wellness tourism, cultural heritage tourism, and agritourism are some of the emerging tourism types in the US.

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