JLL Pulse360 Orlando // 2015 | Page 17

// HOTEL OCCUPANCY // VISITOR TREND • Visitation to Orlando increased 5.8 percent overall last year compared to 2013 and has grown 4.0 percent annually since 2010. Notably, international visitation has increased 7.6 percent in that time. Interestingly, only 22.4 percent of international visitors to Orlando in 2010 originated from Latin America; however, that share has increased to 36.5 percent – representing the largest international feeder market for Orlando. • Nearly half of Latin American visitors come to Orlando from Brazil. Although Orlando is still far off from the volume and ratio of international visitors to domestic visitors, the trend is certainly mirroring what is being seen in South Florida, where Latin American visitors typically spend more and stay longer than their domestic counterparts. • As a result, Orlando’s hotel industry is on pace for its strongest year in history. Occupancy at mid-year 2015 was 80.1 percent, matching the historically high occupancy seen in 1996, and