60 F
Laguna Hills
Wednesday, Mar 26, 2025
-Advertisement-

OC Hotels Up in 2019

Local hotels ended the year on with average daily rates, occupancy and revenue per available room up in December and for the full year, a report by CBRE Hotels said.

In 2019, daily rates increased 2.2% to $202; RevPAR increased 2.4% to $163; and occupancy was flat at 81%.

CBRE Hotels tracks numbers in seven OC submarkets: Anaheim, Costa Mesa, the Airport area, North OC, South OC, Newport Beach, and Huntington Beach.

Anaheim reported the highest gains for the full year in average rates and revenue, increasing 4.2% each to $209 and $174.

The Airport area posted the highest occupancy increase in 2019, rising 1.2% to 80%.

In December, South Orange County posted the highest gains in daily rates and revenue, surging 6% to $220 and 9.4% to $146.

Huntington Beach was the only to report notable declines in December, with rates, occupancy and revenue down 4%, 1.6% and 5.5%, respectively.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-