The O.C. hotel rooms fill up, rate of 5.7% jump

Posted by admin on February 22, 2012 Leave a comment (0) Go to comments

1329900508 96 The O.C. hotel rooms fill up, rate of 5.7% jump

Owners of Hotel Orange County experienced a rebound in good health the year as room rates and significantly higher occupation settled.

Colliers PKF hosting specialists report that Orange County hotels had an average of 144.31 fare $ per night for 2011 – this is an increase of 5.7% in a year, or $7.81 night! Occupancy rates ran with 72.82% last year against 70.26% in 2010 and 67% in 2009. Which translates a key hotel financial metric called “RCD” – or, how an owner participates in house — 9,6% growth for 2011.

Rebound was found in Southern California…

Los Angeles room rates increased by 5.8% in 2011 to $153.57 night. Occupancy for the year was 75.19% – against 71.91% the previous year. L.A. RCD area increased by 10.7% in 2011.
San Diego rates were up 2.9% in 2011 to $153.20 73.64% of San Diego area rooms completed – against 71.19% the previous year. San Diego area RCD increased by 6.4% in 2011.

Month in Orange County, December saw…

138.38 Room rates $ per night on average – i.e. to 2.4% in one year (or $3.30 night.)
64.9% of Orange County Hotel rooms were filled against 63.7% the previous year.
RCD County – as key measure of hotel cash flows – was an increase of 4.3% for the month compared to a year ago.
For this month, the rooms more were South O.C. While North O.C. averaged offered the cheapest nights.
More small number of vacancies in the County were in Anaheim, while that Surf City had more average hotels around the County.
By geographic slice of Orange County, 3 7 slices of PKF County tracks had year room rate gains; 5 of 7 slices had gains of occupation; and 5 of the 7 “RCD” has increased.

Autour in California of the South in December…

Los Angeles room rates increased by 3.7% in a year to $142.22 per night. Occupancy is 62.8% – 2.7% increase last year.
San Diego rates were up 11.3% in 12 months for $139.93 61.4% of San Diego filled – up to 6.4% in the past year.

Orange breakdown by region. Note: The table below shows average tariff of the month; changes in rates; occupation (OCC.) and change of the year. more change of the year in “RCD” (Rev. c.)…

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