Business & Real Estate

Sacramento-area hotels end September with solid occupancy numbers

Sacramento-area hotel operators closed out a solid summer season with continued year-over-year gains in key categories, according to the latest monthly report by hotel industry tracker PKF Consulting USA.

San Francisco-based PKF said the average occupancy rate among area hotels in September was 74.3 percent, up from 72.5 percent in September 2013. Revenue per available room was $77.68, compared with $72.63 last year. The average daily room rate was $104.60, up from $100.23 in the year-ago period.

September marked the eighth consecutive month of year-over-year improvements.

Through nine months this year, average occupancy in area hotels was 72.9 percent, up from 70 percent a year ago. Hotel industry analysts say 70 percent occupancy is considered the threshold where hotels can raise rates and generate more revenue.

San Francisco hotels led the Northern California region in average occupancy in September and the January-September period, at 91.6 percent and 87.1 percent, respectively.

Call The Bee’s Mark Glover, (916) 321-1184.