From Research: Hotel Occupancy Leads State, U.S. Averages

 From Research Employment

The average hotel occupancy rate in Orlando for May was 74.6 percent, higher than the state (70.9 percent) and the nation (68.2 percent). However, the occupancy rate was down 3.4 percent when compared to May of last year. Room night demand was down 1.3 percent in May, with the rest of the decline in occupancy due to a 2.2 percent increase in the room night supply. The average daily rate was up 3.9 percent versus last May, pushing revenue per available room up 0.4 percent. Year to date, the occupancy rate is on par with last year at 81.4 percent, the average daily rate is up 5.5 percent, and RevPAR is up 5.7 percent.

 

 

Related Categories: Visit Orlando Research & Insights

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