Second Homes 411

If you own a condo hotel, you may already know this fact. But people are still traveling, our N. Michigan condo hotel unit saw record occupancy/income in 2008.

This from the CondoMetropolis Blog:

Orlando Condo Hotel Investors: Good News

By: Marcus Burke

Good news for Orlando condo hotel owners - or any Orlando second home owners who rent out their condos:

According to a Smith Travel Research survey, Orlando’s hotel room occupancy levels rose last week, posting the second largest year-over-year increase of the nation’s top 25 lodging markets.

Orlando area occupancy increased 14.7 % during the week for January. 3 2009, compared to the same week a year earlier. Nationally, occupancy dropped 0.5 % says the report.

Orlando revenue per room, a key measure of hotel industry performance, also rose 11.2 %. The report notes that room revenue decreased 3.6 % nationally.

The San Francisco bay area was the only market to surpass Orlando’s weekly performance, with a 17.5 %increase in occupancy and a 12.4 % increase in revenue per room. So perhaps the magic of The Mouse will save us all yet.