![]() ![]() It’s increasing occupancies and increasing revenues and increasing travel into the market.” “People are seeing that it’s a great place to live, but also a great place to travel. “People are more interested in Austin than ever, and these companies are helping put the city on the map,” Pagone says. Joe Pagone, general manager of the three-year-old Hotel Van Zandt, says his music-themed boutique property has witnessed occupancy growth aligned with Austin’s boom. “Any time a major company establishes a new presence or expands their existing footprint in Austin, we see an uptick in corporate travel,” says Rich McGonnigal, director of sales and marketing at Four Seasons Hotel Austin. Located on the shores of Lady Bird Lake, the hotel is emblematic of the new Austin, offering clever only-in-Austin experiences like a summer "champong" service (think champagne and ping-pong), ceviche classes and an on-demand Margarita Cart that can be delivered to you for some in-room mixology. Hotel industry execs say it will have a positive impact on tourism, as well. Photo courtesy of Four Seasons Hotels & Resorts “We should expect prices to go up with that, but, hopefully, we'll see a lot more new development, new construction and, hopefully, some redevelopment in some existing neighborhoods to increase housing density.”Ī bartender at the Four Seasons Hotel Austin. WEATHER UP AUSTIN TX TV“Job growth equals home sales,” Re/Max Austin Skyline Real Estate Agent Hope Teel told a local TV station. “We’re projected to exceed 4 million people by 2040. “I remember when I first moved to Austin in 1984, it was only about 560,000 people,” says Angelou. “It's been exciting to watch the tech industry in Austin grow and flourish, and I think we will only continue to see more opportunities for tech workers in the city of Austin and the surrounding areas in the future - from more entry-level opportunities for recent graduates to more high-profile executive positions in the area, as well.”Įxperts anticipate that all of this expansion and development will have a massive impact on the growing metropolitan area, which already has a population of over 2.1 million. "Austin is where it all started for us, and being surrounded by such a supportive community as our brand has grown has meant the world to us,” says Bumble’s Chief Brand Officer Alexandra Williamson. “Housing options can cost a month more in California than a comparable option in Austin, so moving employees here can effectively give them a pay-raise without raising their salary,” says Hurley.Īnother Austin-based tech brand that has made it big is Bumble, the dating app that has grown to over 55 million users in just four years. ![]() According to the Economic Policy Institute's family budget calculator, which factors in expenses like housing, food, transportation, and health care it costs about $3,197 per month for a single adult to live in Austin, while San Francisco - the most expensive city in the U.S. There’s no personal income tax, and the city has more affordable housing than on the coasts, from which it pulls a lot of its transplants. “We have an incredible talent pool here from a number of universities, and many of those students are inclined to look for employment here,” says Angelou.Īustin’s low cost of living adds to its appeal. It has a lot of great parks, river access, hike and bike trails, good food, great music and it has a collaborative tech culture that is warm and accepting of people who are not from here."Īustin also has a highly educated workforce, thanks in part to the University of Texas and other local universities. Photo courtesy of Four Seasons Hotels & ResortsĪnother draw, says Lorek: "Austin is a special place with an appealing culture. Playing games on the lawn of the Four Seasons Hotel Austin. ![]() This is also the home of South by Southwest (SXSW), which has transformed from an indie music gathering into one of the world’s most trendsetting technology festivals. Austin has also long been the tech center of Texas, with 6,500 startups and tech companies based here, including Dell - which was founded in 1984 by Michael Dell while he was at the University of Texas and helped kick off the city’s technology boom. Why Austin? For one thing: "Everything is bigger in Texas,” Texas Governor Greg Abbott said at a press conference in December. And in the past couple of years, Google and Oracle have opened offices downtown. ![]() hub outside of the company’s Silicon Valley headquarters. A hiring surge from Facebook is turning Austin into the third-largest U.S. There are so many tech companies that Austin has been nicknamed “Silicon Hills.” Apple recently announced that it is creating a $1 billion campus with the capacity for 15,000 employees, making it the largest private employer in Austin. It’s no secret that Austin, Texas is a hotbed for technology, startups and innovation. ![]()
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