United States -  Anaheim - Santa Ana

The Anaheim-Santa Ana hotel market spans the entirety of Orange County, which supports a diverse base of economic industries and sectors, including technology, finance, manufacturing, education, and healthcare, among others. Orange County's hotel submarkets include Orange, Garden Grove, Anaheim (which features the Disney theme parks), Buena Park (home of Knott's Berry Farm), Irvine (home to University of California Irvine's campus and numerous corporate headquarters), and the affluent coastal communities of Dana Point, Huntington Beach, Laguna Beach, and Newport Beach. In 2023, occupancy for this market surpassed 70.0%, similar to levels recorded in the early 2000s but well below the peak occupancy period of 2014 through 2019. ADR, on the other hand, remained well above the $200 mark in 2023, and RevPAR reached an all-time high. Major factors driving the 2023 performance level included the rebound of amusement park attendance, the return of major conventions, and the gradual recovery of corporate travel. The outlook for 2024 is optimistic, but the performance of the market will depend on the ongoing recovery of corporate demand and sustained consumer optimism. Over the long term, the popularity of the Disney theme parks, the draw of the local beaches, and strengthening convention attendance should support the market's strength.

* Although the HVI cannot tell you what a particular hotel is worth, it does provide excellent “big picture” data, indicating which market areas are experiencing positive trends, and thus may present good investment opportunities. The HVI for the U.S. is a measure of the strength of the lodging industry as a whole and, specifically, the hospitality investment market. The HVI for the various identified markets can provide a basis to evaluate and compare different geographic regions. For more insight on the limitations and applicability of the HVI, please read the message on the HVI home page by clicking on the graphic at the top of this page.

Change In Value For Market:

Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: More than -10%

For more information, please contact:

Kirsten Smiley, MAI
Managing Director, Southern California Region Director
Valuation, Market & Feasibility Consulting
[email protected]
  • +1 405 612-6255 (w)