Business & Real Estate

Sacramento-area hotels riding wave of year-over-year gains

Sacramento-area hotels saw year-over-year increases in three key categories in June and are running ahead of 2014 totals through the first half of this year, according to San Francisco-based hotel industry tracker PKF Consulting USA.

The average occupancy rate among area hotels in June was 79.2 percent, up from 78.4 percent in the same month of 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 June was $113.54, up about 6 percent from $106.97 in June 2014; revenue per available room was $89.88, up about 7 percent from $83.90 in the year-ago period.

Through six months of 2015, the occupancy rate in area hotels was 75.1 percent, compared with 73 percent in the first half of last year. The average daily room rate was 111.66, up 6 percent from $105.33. Revenue per available room was an average $83.80, an increase of 9 percent from $76.85 in 2014.

Sacramento hotel operators have benefited this year from a series of major athletic events in the area. In June, for example, the U.S. Senior Open golf tournament was held at Del Paso Country Club.