By David CancianMay 26, 2018 12:55:03If you’ve been paying attention to Orlando’s hotel business lately, you’ve probably noticed that occupancy rates have dropped dramatically.
In June, the city saw the largest single-day drop in hotel occupancy in more than 20 years, according to data from the Bureau of Labor Statistics.
That’s according to the bureau, which tracks the number of rooms occupied at hotels across the United States.
The Bureau of Economic Analysis also released data this week that shows the city’s hotel occupancy rate dropped from 5.2% in June to 4.6% in September.
That means that the number-one occupancy rate fell from a high of 6.2%.
That doesn’t mean occupancy is coming back down anytime soon.
The bureau noted that in August, occupancy at the city-owned Orlando International Airport (OIA) rose to the highest level since June 2016, while it stayed at 5.5%.
The hotel occupancy numbers are not necessarily a good indicator of how the hotel industry is doing in other areas.
For example, there are still hotels in hotels, but they aren’t profitable.
And while the occupancy numbers might be down, there’s still a lot of room to build.
In Orlando, there is about 12,500 hotel rooms, which is roughly 10% of the total rooms in the city.
The Bureau of Realty reported in June that the city has more than 6,500 room nights per day, up from 3,800 in June.
But the occupancy rate is still far below the national average of 10.6%.
The decline in hotel use comes as a result of a number of factors, according the Orlando Sentinel: A nationwide recession, an influx of young people, the Orlando Pride, the state of the economy, and other factors all have contributed to the drop in occupancy.
The drop in the hotel sector also comes amid a global economic downturn.
The Orlando area’s hotel industry has been hit by several other factors over the last few years.
In April, the U.S. Consumer Financial Protection Bureau (CFPB) issued a warning to people who bought hotel rooms during the last quarter of 2017.
That warning specifically mentioned the Orlando hotel industry and noted that people who made a mortgage on their properties during that time were in a prime position to lose money.