Myrtle Beach Hotels Oceanfront performed surpisingly poor for the first quarter of 2008 as reported by the Myrtle Beach area lodging composite.

Almost every one of the major Oceanfront Myrtle Beach Hotels are now property managed condos with individual homeowners. Individual homeowners' tax returns posted revenues that were down as much as 40% for the first three months of 2008.

Contributing factors included

Rising fuel costs

Overdevelopment of Oceanfront Hotels

Deep discounting by local property management firms to attract business

With the slump in the current real estate market, homeowners of Myrtle Beach Hotel condos are simply forced at this time to hang in there and wait on market conditions to change.

Myrtle Beach Hotels that have seen up to 100% increases in sales during this off year include Barefoot Resort and Myrtle Beach Condos, LLC.

Myrtle Beach Barefoot Resort is a property management firm offering luxury condos at Barefoot Resort and Barefoot Landing. The company says its participation in this website as well as its marketing on Myrtle-Beach.com has really helped push its rental numbers up.

Myrtle Beach Condos, LLC is an Oceanfront Property management firm well established in high end Oceanfront Condo properties. Much of is success is attributed to its selecting only the most quality homeowners of Oceanfront properties.

Myrtle Beach Hotels and Condos will continue to keep you abreast of market conditions in the Myrtle Beach Hotels and property management business.