The hotels of Central Florida had a very good April. Both occupancy rates and revenue per room saw large increases when compared to this time last year.
When looking at Walt Disney World‘s impact on these numbers, many factors can be pointed to as being contributors. With Easter being later in the year, many Spring Break vacations tended to be in April this year as opposed to March of last year. The Flower and Garden Festival continues to grow as time goes by and may even rival the ever popular Food and Wine Festival soon. Finally, although the final performance of Wishes was May 11, many visitors have been flocking to Magic Kingdom to catch one last show before saying good-bye.
Here are Central Florida’s overall statistics reported by STR (formerly known as Smith Travel Research). This firm tracks supply and demand data for multiple market sectors, including global hotel industry.
- The Occupancy rate for April 2016 was 85.1%. Last April the occupancy rate was reported at 79.6% which shows an increase at a 6.9% pace.
- Revenue per room rose 17.6 percent – When compared to the 25 largest markets in the country for the month, Central Florida had the largest gain.
- The revenue mark of $112.83 of April 2017 far exceeded the $95.97 that was reported this same time last year.
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Source Credit : Orlando Sentinel
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