Orange County's Hotel Market Featured at GlobalHotelNetwork.com
Dr. Robert Harp
Founder, CEO and Publisher, GlobalHotelNetwork.com; Executive Director, Office of Innovation, Biola University
The Orange County hotel market experienced strong growth in recent years as a result of favorable market conditions and improvements in the local economy and key area demand generators. These economic conditions have had a positive impact across all lodging segments, including leisure, business and group lodging demand, resulting in Orange County being ranked as one of the top performing US lodging markets in recent years.
While top-line growth has remained strong thus far in 2016, the pace of RevPAR growth has moderated from previous years and significant planned increases to lodging supply may affect future growth prospects. However, lodging demand is anticipated to continue improving, supported by local economic growth, robust tourism infrastructure and major improvements to key local demand generators such as theme parks and the Anaheim Convention Center.
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Published by GlobalHotelNetwork.com (Providing Expert Market Insights and Thought Leadership Perspectives to CEOs and Industry Leaders in the Global Travel and Tourism Industry) Robert Harp, CEO & Publisher, GlobalHotelNetwork.com
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