THE AVERAGE RECORDED THROUGH THE MONTH OF MAY WAS 79,04%.
After reaching the historical mark of 72 million tourists in 2017, Orlando has already started 2018 tourism indicators at a High, with a tendency to beat new Record by the end of this year.
Indicators published recently by STR Global (Market Research and Analysis Company), showed increase in the lodging occupancy rate of 4.2%compared to the same period of the previous year (Feb-17 | Feb-18), and of 5% compared to the year-to-date (Jan-May-17 | Jan-May-18).
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 June 15th to August 15th. High season.
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We request One Vacation Home(our partner company that manages our clients' properties), a study based on historical information (last 2 years), about the behavior of each property type in each period of the yearWe will be applying this study below to realistically demonstrate what the occupancy rate of a given property is, and what profitability this property can bring to its owner by renting it in the different periods of the year.
See below the result of the survey
Percentage of occupancy rate by period of the year
Peaks (67 days per year)
High Season (67 days per year)
Medium Season (66 days per year)
Low Season (164 days per year)
Average daily rate by property type
Did you know that the income you generate from renting a property can pay for your mortgage and still have money left over? Plus you will never have to spend on lodging again when you come to Orlando with your family.
Full Steam Economy
Forbes recently voted Orlando the best city for real estate investment in 2018. Orlando has been the tourism capital of the United States, and the city's economy is booming!
Important indicators of the city's economy, focused exclusively on the hotel industry, also reinforce the growth indicators of the property 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 get 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 recorded the generation of more than 1,000 jobs per week.
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