From the President & CEO George Aguel: Signs Point to Another Record Year for Tourism

George Aguel

Last issue, I noted that 2018 -- despite fourth-quarter projections that signal a small dip in hotel demand and international travel -- will likely go down as another record year for our tourism industry.

To illustrate, here are a few areas where we're seeing the most success.

• In the lodging sector, the average daily room rate ($127.62) is at an all-time high, and hotel occupancy (78.8 percent) continues to be well above state and national averages.

• Year to date, revenue from Orange County's tourist development tax, levied on overnight visitors, has climbed 8.8 percent.

• Passenger traffic at Orlando International Airport, now the state's busiest, is also up 5.4 percent year to date, and is on pace to surpass 47 million on a rolling 12-month basis.

Add it all up and it's been a very strong year for Orlando's No. 1 industry. We'll continue to monitor performance and keep you posted on any changes that might impact the future.

-- George Aguel

 

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