The Orionids work on a 12-year cycle. At its peak, the meteor shower produces from 80 to 90 meteors per hour. At its lowest point, it produces 10 to 15. Right now, we're moving toward higher numbers, but this year's display is likely to produce around 20 meteors per hour.
It's not as exciting as the 120 an hour the Geminids will produce in December, but viewing conditions for the Orionids should be excellent. There's a new moon just two days prior to the peak, so a slight crescent moon will set before midnight, providing a nice clear view for stargazers.
To watch the display, look for the constellation Orion, with its belt of three stars, in the eastern sky. The meteors can appear anywhere in the sky but will emanate from just above the belt with a red supergiant star called Betelgeuse.