Hotel occupancy down in Orlando
Orlando Florida's lodging metro market recorded the biggest fall in occupency in one year. Hotel's in Orlando were down 5% from June averaging 70% occupancy. Though hotel statistics were release by Smith Travel research last week they did not include Disney Hotel Resorts.
Many of the obvious suspects for 1.7% rooom increase include sluggish economy, war in Iraq, gas prices, high unemployment and school schedules. Many schools did not release students until the first week of June rather than before Memorial Day.
On the average, hotels in florida fell an average of 0.8% during june, the best month to date. Upscale hotels were forced to raise their room rate to offset the 7.3% decline in occupency. Kissimmee's submarkets near Disney suffered the worst damage where east Kissimmee submark fared better with a 2.2% gain.
Many of the obvious suspects for 1.7% rooom increase include sluggish economy, war in Iraq, gas prices, high unemployment and school schedules. Many schools did not release students until the first week of June rather than before Memorial Day.
On the average, hotels in florida fell an average of 0.8% during june, the best month to date. Upscale hotels were forced to raise their room rate to offset the 7.3% decline in occupency. Kissimmee's submarkets near Disney suffered the worst damage where east Kissimmee submark fared better with a 2.2% gain.
posted by michael at
2:14 PM
