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.
Digital Access for only $0.99
For the most comprehensive local coverage, subscribe today.
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.