Orange County hotel room rates ran 3.9 percent higher year-to-date through May as “No Vacancy” signs became more common, a new report shows.
Here are key trends from CBRE Hotels’ latest report on how local operators are doing filling up their rooms year-to-date through May …
Rates: Averaged $191.36 per night, up $7.14 in a year or 3.9 percent.
Occupancy: 79.5 percent full, up from 79.3 percent a year earlier.
Performance: One measure of hotel cash flow known as “RevPar” for Orange County increased 4.1 percent from a year earlier.
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