Orlando’s hotel industry enjoyed a relatively strong performance in April, thanks in part to the later date for Easter and corresponding spring breaks. In recent weeks, however, key hotel indicators have trailed prior-year levels. The hotel occupancy rate is down for six consecutive weeks, as is occupied room nights (aka hotel demand), and the average daily rate is down five straight weeks. These results make it likely that collections of Orange County’s tourist development tax for June will fall below prior-year collections.
