Karen Arbutine & Associates

Orlando Area Hotel Occupancy Better Than National Average

Mon, Feb 22, 2010 at 1:07PM

The Orlando area hotel occupancy and revenue per available room fared better than the national average in 2009.  But the local average daily room rate fell below average with an average daily rate of $92.90.  The occupancy rate is at 60.7% which just below Miami with the highest occupancy rate of 66.2%.  The national average occupancy rate is 55.1%.

The recession caused business and consumers to cut back on spending, which sent the convention/meetings and tourism industries into a slump nationwide for the past couple of years.  With fewer hotel guests, hotels are offering deep discounts to attract business.  The number of hotel openings in the U.S. is expected to drop nearly 45% from 2009, followed by even fewer new hotels in 2011.

Bookmark & Share

User Comments

Be the first to comment on this post below!

Popular tags on this blog

Awards & Recognition | Central Florida New Home Construction | central florida news | Client Appreciation | Entertainment | Finding Your Dream Home | Foreclosures | Golden Oak Real Estate | Heathrow FL News | Hot 100 Realtor Hall of Fame | Housing Market | Karen Arbutine | Longwood FL Home for Sale | Longwood FL News | Luxury New Home Construction | Memorial Day | Mortgage News | New Home Construction | Orlando FL Economy | Orlando Luxury Homes | RE/MAX | Real Estate Myth | Real Estate News | Sales Tax | Selling Bonus |

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: My Florida Regional MLS (updated 7/19/18)
Read Our Blog

- OR -

Advanced Search 

Read Our Blog

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2015 getorlandorealestate.com - all rights reserved. | Site MapThe Lake Mary / Heathrow Florida Real Estate Blog

More Central Florida Real Estate