Orange County's Tourist Development Tax (TDT) collections for January kicked off the new year at $29 million — a 29.3% increase over January 2022, $6.6 million higher than January 2022 earnings. TDT funds are designated by Orange County government for specific purposes, including promoting tourism, the Orange County Convention Center, sports stadiums and arenas, performing arts venues and museums.
Demand was healthy for leisure and convention hotel properties, and from January 2022 to January 2023, the Orange County Convention Center reported a 14% increase in attendance across 11 events, which included Professional Golfers Association (PGA), VMX, the world's largest veterinary conference, FUN Show 2023 and SURF EXPO.
Weekly Lodging Results: For the week ending February 25, 2023, Metro Orlando occupancy was 86.9%, up from 80.9% from the previous week and up 1.2% from last year. The average daily rate was $236.53, up 16.5% from last year.