TDT collections for the month were 48.6% above September 2021, $1 million over August 2022 collections and $17.4 million more than September 2020 earnings.
TDT revenue, which originates from a 6% levy on short-term lodging, is a vital funding stream for the Orange County Convention Center, tourism promotion, and sports and cultural venues.
While Hurricane Ian caused a decline during the last week of September, the healthy demand levels through the rest of the month, like Labor Day weekend, ensured an overall positive performance above 2019 levels. Also contributing to its success, leisure events including Rising 2022 and Grace Hopper Celebration of Women in Computing 2022 helped generate positive room night impact.
In October, performance was boosted by Indigenous Peoples Day school break, several large groups at the Orange County Convention Center, the Come Out with Pride festival and our destination's numerous Halloween events.
Weekly Lodging Results: For the week ending October 29, 2022, Metro Orlando occupancy was 76.3% down from last week's 83.1% but much higher than the same week in 2019 (67.2%). Average daily rate fell to $159.93 from $167.76 last week but remains much higher than pre-pandemic rates ($121.07 for the same week in 2019).