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