Rocklin, South Placer hotels get boostBy: Placer Herald staff report
Placer Valley Tourism reports hotels in Rocklin, Roseville and Lincoln had a record-breaking year in 2015, as the occupancy rate and average daily rate for all hotels were higher than in any previous year.
The occupancy rate rose to 71.1 percent and the average daily rate soared to $99.69 in 2015, both records. The average daily rate’s previous record high was established in 2007 at $99.13, while the occupancy rate previous high in 2006 was 69 percent.
“The latest figures are a great sign of the strength of our suburban hotel market in south Placer County,” said Placer Valley Tourism CEO David Attaway. “We believe the market will only continue to grow as the demand for rooms steadily increases.”
The revenue per available room rate (RevPAR) is also at an all-time high of $70.92, and stands 8 percent higher than any other suburban market in the Sacramento region.
"When we went into the recession in 2008 and then added additional hotels to our area, it felt like we were never going to recover. During that time we were happy to get any business we could at any rate," said Heather Hilton, Senior Director of Sales for Larkspur Landing and PVT Board of Directors Treasurer.
Placer Valley Tourism serves to secure hotel room night stays throughout Rocklin, Roseville and Lincoln by focusing on amateur and youth sporting events. The organization said that the current trends are expected to continue with the completion of the Placer Valley Sports Complex in 2018 in Roseville, as an additional 25,000 hotel room stays are expected to be generated.