Hotels in Florida lose money on holiday resorts
- by admin
Hotels on Florida’s Big Bend State Beach have been losing money on holidays and other special events, according to new data from The Times-Picayune.
The newspaper analyzed hotel receipts for the year ended March 31 and found that hotel occupancy has declined by 17 percent since the start of the year, while rates on hotel stays have increased by more than 25 percent.
In 2018, hotels booked an average of 1,811 people for the day at two hotels on the Big Bend.
Last year, the average occupancy was 1,903 people.
Hotel occupancy has decreased to 1,746 people per hotel room since the beginning of 2018.
Hotels have also reported fewer rooms booked during holiday weekends.
During the last two weekends of the month, the hotel occupancy dropped to 953 people per room, down from 1,569 people per day.
During holiday weekends in 2018, the occupancy was 923 people per night, down more than 40 percent.
Hotel occupancy has also declined for the last three months of the fiscal year.
In December, hotel occupancy increased to 1.847 people per person, up from 1.726 people per hour.
In the first half of 2019, occupancy increased in the hotel business to 1 million people per year, up slightly from 1 million per year in the first quarter of 2018, according the data.
The hotel occupancy for the first six months of 2019 was 1.79 million people.
The hotel occupancy data also shows that hotel rates have increased in 2018 by nearly 50 percent.
The occupancy data was based on hotel occupancy and rate data collected by the hotel industry’s largest group, the Hotel Association of Florida.
HotEL occupancy and hotel rate data is a snapshot of the hotel market and is not indicative of occupancy and occupancy rate trends.
It is based on occupancy and is subject to change as new and existing properties are opened or sold.
Hotels on Florida’s Big Bend State Beach have been losing money on holidays and other special events, according to new…