IRR-Orlando Mid-Year Viewpoint 2015 Local Market Report - Lodging
The Orlando lodging market has fully recovered from the economic downturn and is posting strong gains. While there has been significant inventory added to the market over the recent past, this supply continues to be absorbed, as occupancy figures continue to climb above 80% and ADR also has indicated growth trends.
Much of the new activity has been focused around the attractions area surrounding the Walt Disney World resort, as tourism is one of the primary demand drivers for the Orlando market. Other small limited service nationally-branded properties are also being constructed throughout the MSA to satisfy growing demand. Investor sentiment remains strong, as the tourism industry continues growth. Cap rates have continued compression over the past 12 months. Continued ADR and occupancy increases are projected over the foreseeable future.
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IRR Mid-Year Viewpoint 2015 comprises a National Overview report and 300+ two-page Local Market Reports for all key property types as well as additional resources, including metrics methodology, graphs, and tables; these free reports may be downloaded from IRR’s site here.