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Thursday, Apr 18, 2024

Santa Clarita Hotels Still Packed: Study

Santa Clarita hotels had some of the highest occupancy rates in Los Angeles County during October, according to the most recent study of hotel trends by the tracking firm PKF Consulting. The occupancy rate stood at 83.60 percent, the second highest of the 16 areas surveyed in the study after West Los Angeles, but 2.7 percent lower than October 2005, the study found. The average daily rate increased 9.4 percent, tallying $125.21 for the month. Hotel rooms in the Valley, meanwhile, also saw daily rates jump 10.5 percent from $113.80 to $125.78 a night. Occupancies dipped .2 percent to 78.30 percent. Countywide, the occupancy rate stood at 78.51 percent, a 1.7 percent increase. The daily room rate was $147.49, up 11.5 percent from a year ago.

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