X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ANAHEIM, CA-The Disneyland theme park here bills itself as the “happiest place on earth,” but the city itself apparently has become a chamber of horrors for some local hotel owners.

According to a new report by Ernst & Young Hospitality Group, occupancy levels in Anaheim have fallen to a paltry 42%. That’s roughly a 50% decrease from last year’s occupancy rates for the week ended September 22.

The accounting and consulting firm says that Anaheim, which is known for both its tourist and convention industry, has not seen such low occupancy levels in nearly a decade.

Los Angeles’ occupancy levels also dropped, according to E&Y. Rates in LA fell by about one-third from a year ago, to 53%, the report says.

Industry experts predict that hotel occupancy rates statewide will rebound in the weeks ahead, as most upcoming conferences and conventions are still on schedule to take place.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.