Business & Real Estate

Sacramento-area hotels see springtime surge

Sacramento-area hotels rang up a strong April, with year-over-year improvements in three key sectors, according to San Francisco-based hotel industry tracker PKF Consulting USA.

PKF said the average occupancy rate among area hotels in April was 79 percent, up nearly 10 percentage points from February of this year and an improvement from 75.2 percent in April 2014.

Hotel industry analysts say 70 percent occupancy is considered the point at which hotels can comfortably raise rates.

The average daily room rate in April was $114.60, a 7.8 percent gain over $106.36 in April 2014. Average revenue per available room in April was $90.54, up 13.1 percent from $80.03 in 2014.

San Francisco-area hotels led the Northern California region in April with an 88.3 percent occupancy. Monterey/Carmel region hotels had the highest average revenue per available room at $229.88.

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