Local hotels saw higher daily rates and revenue per available room on lower occupancy levels in July, CBRE Hotels said.
The average rate for area hotels was about $229, up 1.4%, while RevPAR increased 1.3% to $203. Occupancy dipped 0.1 percentage point to 88.6%.
CBRE Hotels tracks numbers in seven submarkets: Anaheim, Costa Mesa, the Airport area, North OC, South OC, Newport Beach, and Huntington Beach.
Newport Beach was the only one to see a decline in rates in July, though it still had the highest average of $376.47 edging Huntington Beach, which led gains in that area and increased nearly 5% to $376.15.
Newport Beach also posted declines in RevPAR, dipping 3.1% to about $341—still the highest. North Orange County posted the lowest RevPAR of $122.
Once again tops, Newport Beach posted occupancy of 90.6% in July. South Orange County had the lowest occupancy levels of 85.6%.
Year-to-date occupancy for the county is 81.1%, down 0.6% from the year prior; average rates through July increased 1.7% to $201.53; and RevPAR rose 1.1% to $163.49.
