The OC Register has a story today with some very impressive statistics on how the opening of Cars Land in June has sent hotel occupancy and room rates skyward for all Anaheim hotels this summer.
Occupancy for Anaheim hotels is up to 91.4% (a very high number for the industry), and room rates have increased 7.5% over last summer. A key business metric for the hotel industry, called RevPar (basically the revenue per room) has increased for all Anaheim hotels by 8.7% over last summer.
Newspaper article is here... http://lansner.ocregister.com/2012/09/27/cars-land-fills-up-anaheim-hotels/166629/
You can bet the local hotels and motels are thrilled with Cars Land, even if they haven't been able to get on Radiator Springs Racers yet. I also wonder what this means for future hotel expansion for Disney owned hotels? Al Lutz has mentioned a plan to build another 300 rooms in a fourth tower at the Disneyland Hotel; the Tomorrowland Tower placed just west of ESPNZone. Lutz has also mentioned a more blue sky plan to build another Disney deluxe hotel on the current shuttle bus loading zones along Harbor Blvd.
And then there's the non-Disney hotels planned for GardenWalk and the southeast corner of Katella and Harbor. Those private developers have been sitting on their hands for years now, after Disney quietly backed out of Rasulo's plan to operate pseudo-Disney hotels at GardenWalk. The strong financials now supporting the Anaheim hotel business, all funded by a little thing called Cars Land, would seem to be forcing the hand of developers waiting for the right moment to build.
An interesting story to watch develop in 2013, likely.
Occupancy for Anaheim hotels is up to 91.4% (a very high number for the industry), and room rates have increased 7.5% over last summer. A key business metric for the hotel industry, called RevPar (basically the revenue per room) has increased for all Anaheim hotels by 8.7% over last summer.
Newspaper article is here... http://lansner.ocregister.com/2012/09/27/cars-land-fills-up-anaheim-hotels/166629/
You can bet the local hotels and motels are thrilled with Cars Land, even if they haven't been able to get on Radiator Springs Racers yet. I also wonder what this means for future hotel expansion for Disney owned hotels? Al Lutz has mentioned a plan to build another 300 rooms in a fourth tower at the Disneyland Hotel; the Tomorrowland Tower placed just west of ESPNZone. Lutz has also mentioned a more blue sky plan to build another Disney deluxe hotel on the current shuttle bus loading zones along Harbor Blvd.
And then there's the non-Disney hotels planned for GardenWalk and the southeast corner of Katella and Harbor. Those private developers have been sitting on their hands for years now, after Disney quietly backed out of Rasulo's plan to operate pseudo-Disney hotels at GardenWalk. The strong financials now supporting the Anaheim hotel business, all funded by a little thing called Cars Land, would seem to be forcing the hand of developers waiting for the right moment to build.
An interesting story to watch develop in 2013, likely.
