Orlando Condo Hotel Investors: Good News

Good news for Orlando condo hotel owners – or any Orlando second home owners who rent out their condos: Awwww shucks!

According to a Smith Travel Research survey, Orlando’s hotel room occupancy levels rose last week, posting the second largest year-over-year increase of the nation’s top 25 lodging markets.

Orlando area occupancy increased 14.7 % during the week for January. 3 2009, compared to the same week a year earlier. Nationally, occupancy dropped 0.5 % says the report.

Orlando revenue per room, a key measure of hotel industry performance, also rose 11.2 %. The report notes that room revenue decreased 3.6 % nationally.

The San Francisco bay area was the only market to surpass Orlando’s weekly performance, with a 17.5 %increase in occupancy and a 12.4 % increase in revenue per room. So perhaps the magic of The Mouse will save us all yet.

3 Comments

  1. According to a Smith Travel Research survey, Orlando’s hotel room occupancy levels rose last week, posting the second largest year-over-year increase of the nation’s top 25 lodging markets

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