Impressive TMD Lodging Performance Continues in 2015

Since the inception of the TMD in 2011, TMD hotels have experienced unprecedented growth and continue to see increases in occupancy, ADR and RevPar. 

Occupancy

2014 was a record-breaking year for TMD hotels, as occupancy was at an all-time high of 80.7% - up 6.4% from 2011. During the first six months of 2015 (January-June), TMD hotels saw a relatively flat occupancy rate over the same time last year at 81% while hotels pushed rates higher.

ADR

From 2011 to 2014, the ADR for TMD hotels on average grew $28.32 to $159.56, a 21.6% increase. During the first six months of 2015 (January-June), ADR for TMD hotels reached an all-time high of $168.09, a 6.8% increase over the same time last year.

RevPar

The RevPar for TMD hotels in 2014 increased $31.21 to $128.78 between 2011 and 2014, a jump of 32%. In the first six months of 2015 (January-June), RevPar increased 6.3% over the same time last year, to $136.19.

Author

Tourism Marketing District