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Los Angeles County hotels saw a 7.5 pct step-up in 2006 tenancy rates from a year originally, as the manufacture continuing to show signs of recuperation from a falloff followers the 2001 terrorist attacks.
The countywide middling tenancy rate reached 74.8 pct, and modal day-to-day room rates rose by 5.6 percentage, to $119.61, reported to PKF Consulting. Revenues per useable room, a key quantify of a hotel's financial health, rose 13 percentage in 2004, outpacing the nationalistic modal of 7.5 pct, said PKF Sr. Vice Chairman Bruce Baltin.
All of the L.A. regions surveyed saw tenancy rates rise anyplace from 1.4 percentage to 18.2 percentage. Downtown hotels saw the maximal jump in tenancy, reaching 60.3 pct from 51 percentage; followed by Hollywood hotels at 74.8 pct, up from 66.8 percentage a year earliest; and West L.A. hotels, at 73.8 percentage from 66.5 pct. pct areas where tenancy rates were the maximal include airdrome hotels, which were 79.7 pct inhabited, hotels along the I-5 Corridor/Whittier area (79.3 percentage) and Pasadena hotels (79 percentage). percentage rates for all of the regions hyperbolic anyplace from 0.1 percentage to 10.7 percentage.
Beverly Hills hotels posted the biggest gains in moderate day-after-day room rates, rebellion 10.7 pct, to $276.14, the maximal in L.A. County. Santa Monica hotels saw a 9.4 pct step-up, to $207.83, the 2nd-h2nd in the county. "It was a very good year for Los Angeles," Baltin said, noting that 74.8 percentage tenancy for the marketplace is the maximal it's been in the last 15 years, with the exclusion of 2000.
"With internationalistic mercantile upcoming back last year at pretty red-blooded levels, we got a good contribution of it. It was also a forsooth good year for byplay locomote, and a lot of the L.A. hotel commercialize comes from the byplay locomotion grocery."