The report, from Costa Mesa-based Atlas Hospitality Group, saysthe 25.1% drop in the number of new rooms planned in Orange Countyis the biggest year-to-year decline in the state.
President Alan X. Reay of Atlas tells GlobeSt.com that overallhotel revenue is down about 11% in Orange County, with some hotelschoosing to keep rates higher in return for lower occupancy, whileothers have lowered rates but boosted occupancy.
The decline in revenue is bigger, about 15% to 20%, in the areasurrounding John Wayne Airport. "The airport hotels are sufferingfrom the fallout in air travel," Reay says.
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