ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%
ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%
ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%

Is the $384.6M FY2025 TDT a reliable indicator of sustained hotel demand or a one-time Epic opening spike?

The seven consecutive monthly TDT records following Epic Universe's May 22, 2025 opening are not a spike. They are a structural demand step-up, for two reasons. First, the records include months where Epic Universe's novelty effect should be fading (October, November, December 2025, five, six, and seven months post-opening) and yet those months continue to set records. The November $68.5M record was not an Epic novelty month. It was Epic's established visitor base converging with the IAAPA Expo (the global theme park industry trade show), a combination that produced the highest single monthly TDT in Orange County history. Second, the underlying metrics, airport passenger volume (+2.5% YoY, +13% MoM in December 2025), ADR growth in both peak season (January 2026 at ~$210) and shoulder season (August 2025 at ~$164), and Comcast's +19% Q2 2025 theme park revenue, all confirm that the demand increase is real and multi-sourced, not attributable to a single month's novelty.