Occupancy Rate of Vacation Homes in Orlando 2018

THE AVERAGE RECORDED UP TO MAY WAS 79,04%.

After reaching the historic mark of 72 million tourists in 2017Orlando's tourism indicators for 2018 are already on the rise, with the trend of beating new Record by the end of this year.

Indicators published recently by STR Global (a market research and analysis company), showed increase in accommodation occupancy rate of 4.2%compared to the same period last year (Feb-17 | Feb-18), and of 5% compared to the year to date (Jan-May-17 | Jan-May-18).

occupancy rate of a holiday home in orlando

Source: STR / Visit Orlando

 

It is worth noting that the indicator does not yet include the period of greatest concentration of tourists in the citywhich is the period from 15/Jun to 15/Aug. High season.

 

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Case studies

 

We ask One Vacation Home, a partner company that manages our clients' properties, a study based on historical information (last 2 years) on the behavior of each type of property in each period of the yearWe will be applying this study below to realistically demonstrate the occupancy rate of a particular property and the profitability that this property can bring to its owner by renting it out at different times of the year.

See the results of the survey below

Percentage of occupancy rate per period of the year

Peaks (67 days a year)

High Season (67 days a year)

Average season (66 days per year)

Low Season (164 days a year)

74%
Annual Average

Average daily rate by type of property

Did you know that the income generated by renting out your property could pay for your mortgage and still leave you with money left over? What's more, you'll never have to spend on accommodation again when you come to Orlando with your family.

 

Full steam ahead

Forbes recently voted Orlando the best city for real estate investment in 2018. Orlando has been the tourism capital of the United States, the city's economy is in full swing!

Important indicators of the city's economy, focused exclusively on hotels, also reinforce the growth in the occupancy rate.

The rate of new jobs in the hospitality industry grew 4.6% compared to February last year, which represents an increase of 11,600 new jobs.

To give you an idea of the importance of these indicators, Orlando's unemployment rate (3.4%) is below the national average of the United States, which is (3.8%)

The city of Orlando has been generating more than 1,000 jobs a week.

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Leo Martins

My role is to create an environment for people to connect with Real Estate in Florida

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