The local hotel market continued strong in the first six months of the year, compared with the same period last year, with average daily rates of $194; revenue per available room about $156, and occupancy of more than 80%.
Data comes from Los Angeles-based CBRE Hotels’ monthly snapshot of hotels in OC and seven submarkets: Anaheim, Costa Mesa, the Airport area, North County, South County, and Newport and Huntington Beaches.
Newport Beach had the highest average daily rates at $295 and the highest revenue per available room at $244, each up about 3%. All seven submarkets showed increased ADR and five of seven hit higher RevPAR as OC’s summer season commenced in earnest. Anaheim had the highest occupancy rate at more than 83%.
Lowest ADR and RevPAR was notched by North County hotels—$127 and $102, respectively—and the lowest occupancy, about 72%, was in Huntington Beach. Huntington showed the biggest year-over-year jump, though: nearly 5%.