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STATISTICS

Lodging Occupancy is underutilized. The infrastructure can handle an additional 15-80% increase in guests without any additional expansion in the number of Available Lodging Units. These units cover all levels of the market from First Class Hotels with all amenities to Condominiums to Private Estates.

Table 1.

Lodging Occupancy (% of available units)

Total Area Units

1,718.00

Total Pillows

6,084.00

Monthly

Total Area

92/93

93/94

94/95

95/96

96/97

97/98

98/99 Average

Units Occupied

November

20.10%

24.20%

24.70%

21.10%

23.40%

26.60%

18.10%

22.60%

388

December

34.30%

42.60%

39.00%

43.80%

38.80%

33.70%

34.20%

38.06%

654

January

53.10%

62.70%

54.80%

54.30%

58.20%

55.50%

48.40%

55.29%

950

February

60.30%

61.00%

60.10%

65.70%

62.80%

63.00%

52.30%

60.74%

1,044

March

58.30%

63.70%

63.80%

64.40%

64.10%

54.60%

48.20%

59.59%

1,024

April

24.60%

23.80%

24.00%

31.10%

32.30%

33.90%

22.40%

27.44%

471

May

25.80%

26.60%

31.40%

21.70%

20.90%

24.70%

23.40%

24.93%

428

June

48.10%

48.70%

44.50%

42.70%

45.80%

44.20%

44.60%

45.51%

782

July

74.90%

70.00%

77.00%

70.80%

72.90%

70.50%

62.90%

71.29%

1,225

August

81.00%

76.10%

83.60%

73.60%

85.00%

76.70%

77.50%

79.07%

1,358

September

52.50%

49.80%

61.00%

53.80%

59.50%

55.40%

48.70%

54.39%

934

October

43.30%

46.20%

47.60%

N/A

45.70%

39.40%

36.60%

43.13%

741

Year Average

48.03%

49.62%

50.96%

49.36%

50.78%

48.18%

43.11%

48.58%

833

 

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