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November Was Rough On O.C. Hotels

By
Real Estate Agent with The Adam and Eric Group 01499486

In the month of November hotels throughout Orange County saw room rates fall 10% in a

hotel year and saw 41% of rooms remain empty.

The biggest cuts in room rates occurred in the hotels surrounding John Wayne Airport where hotel room rates were cut 17% on average. Due to the continued success of Disneyland in spite of the recession the hotels with the smallest cuts in room rates occurred in Anaheim which only saw average price cuts of 4%.

52% of rooms in hotels located in South Orange County were vacant this November but hotels in Costa Mesa were the hardest to book with 62% of their hotels filled. 

 

 

Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Let's hope the vacancy goes down a spring arrives.  This time of year is hard on big business.

Feb 02, 2010 11:29 AM
James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes
Real Living | At Home - Washington, DC
When Looking to Buy or Sell - Make the Right Move

Wow thats amazing!  Sounds like a good (cheap) place for a vacation!

Feb 02, 2010 11:43 AM
Tony Cordi
Tony Cordi, Broker (Beachtime Realty) - Hermosa Beach, CA

Adam, thanks for another informative post.  Great job...

Feb 02, 2010 06:01 PM