Wednesday, July 28, 2010

Orlando-area hotel occupancy

Orlando-area hotel occupancy for the month of June was 66.1 percent, up 4.2 percent from 63.4 percent the same month last year, said Smith Travel Research.

Average daily room rates for the month were $91.07, a 2.1 percent increase from June 2009’s rate of $89.20.

Revenue per available room — an indicator of the hotel industry’s health — was $60.22, up 6.4 percent from $56.59 the prior year.

Year-to-date figures for Jan. 1 through June 30 showed hotel occupancy reached 65.1 percent, a 3 percent increase from 63.2 percent for the same six-month period in 2009.

The average room rate for the first six months of 2010 was $95.59, a 5.9 percent drop from $101.62 for 2009.

In addition, revenue per available room also dropped 3.1 percent from $64.25 for the first half of 2009 compared to $62.23 this year.Read more: June hotel occupancy at 66.1% - Orlando Business Journal

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