ROOM TO GROW

GOCVB

In 2017 the lodging demand for the Inland Empire is estimated to increase by 2.6 percent, outpacing supply growth of 2.2 percent, with occupancy levels estimated to end the year at 76.1 percent at an average daily rate of $112.73. In 2018 the overall occupancy is forecast to decrease to 75.7 percent, with the number of occupied rooms forecasted to increase by 4.1 percent. The following table estimated the Inland Empire’s historical and projected supply, demand, occupancy and average room rate.

Greater Ontario has over 6,000 hotel rooms, the largest group in the Inland Empire. Building new hotels are the rise. Below is a chart of the progress. We are anxious to welcome our new stakeholders and partners to the Greater Ontario Convention & Visitors Bureau TMD.

 

 

Category: