These downtown Orlando projects have biz leaders optimistic about the future. Downtown Orlando is coming back to life, and a few ongoing projects and initiatives may help it return even stronger. Downtown lost a major chunk of its foot traffic with the onset of the Covid-19 pandemic in 2020, as office workers stayed home and events were few and far between. However, some businesses are returning...
NASHVILLE — Just released at the 13th Annual Hotel Data Conference, STR and Tourism Economics have upgraded the U.S. hotel forecast for 2021 as a whole and lessened growth projections for 2022. Additionally, full recovery of demand remains on the same timeline for 2023, while revenue per available room (RevPAR) is projected to surpass 2019 levels in 2024. “Rather than improved expectations for the...
The city of Orlando is preparing its latest capital improvement program — tied to its annual budget — with several multimillion-dollar projects earmarked. The proposal for the city prices the capital improvement plan for fiscal 2022 at $146.69 million. That is slightly down from the prior fiscal year's adopted amount of $151.98 million. The city's capital improvement plan includes...
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