Great things are happening in Huntington Beach!
HB Hotels Lead RevPAR Growth
Hotels in Huntington Beach reported by far the biggest jump in revenue per available room (RevPAR) in November, according to a report by CBRE Hotels in Los Angeles.
Surf City’s RevPAR surged 21% in the month to about $175; it was up 15% to $214 year-over-year in October; year-to-date RevPAR rose by 14% apiece in October and November.
This was higher than the county’s RevPAR average of nearly $150, which was up 0.3 percent from November 2017.
Huntington Beach’s hotels also reported the largest occupancy jump—13%—in November, hitting about 70% in the month.
Results were mixed in six other OC submarkets—Anaheim, Costa Mesa, the John Wayne Airport, North OC, South OC and Newport Beach. Occupancy declined or was essentially flat in all six, with countywide totals down about 2% to just under 77%.
OC hotels in November remained nearly full, reporting 81% occupancy for the year through November. Anaheim had the highest occupancy in November and year-to-date: 81% and nearly 84%, respectively.