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Accurate data on the size of the whole lodgings market in Santa Ana is not readily available <br />for review, however the number of listings for hotels and motels on www.booking.com and <br />Expedia is not significant, at less than 100. The majority of these properties are 3 star or <br />less. <br />If we assume that the rate of hotel /motels to STRs in Santa Ana is representative of that of <br />Orange Country where the hotel room supply is 61,937 (see table below) and the number of <br />8 <br />STRs is 10,841 <br />, then STRs would represent 15% of the lodging supply in Santa Ana. <br />However, given the <100 hotels found online, is it considered likely that STRs contribution a <br />significantly higher percentage of the lodging market locally. <br />Forecast summary: Annual, Orange County <br />Hotel room <br />Hotel supply <br />demand Occupancy ADR RevPAR Room revenue <br />(daily) <br />(daily) <br />Levels <br />2019 58,282 45,141 77.5% $161.94 $125.42 $2,668,166,801 <br />2020 50,463 22,479 44.5% $136.03 $60.59 $1,116,070,720 <br />2021 56,897 32,999 58.0% $167.45 $97.12 $2,016,885,289 <br />2022 60,995 42,663 69.9% $177.02 $123.82 $2,756,556,935 <br />2023 61,590 45,366 73.7% $185.82 $136.87 $3,076,862,904 <br />2024 61,937 47,723 77.1% $196.59 $151.48 $3,424,409,154 <br />Growth <br />2020 -13.4% -50.2% -42.5% -16.0% -51.7% -58.2% <br />2021 12.7% 46.8% 30.2% 23.1% 60.3% 80.7% <br />2022 7.2% 29.3% 20.6% 5.7% 27.5% 36.7% <br />2023 1.0% 6.3% 5.3% 5.0% 10.5% 11.6% <br />2024 0.6% 5.2% 4.6% 5.8% 10.7% 11.3% <br />Relative to 2019 <br />2020 87% 50% 58% 84% 48% 42% <br />2021 98% 73% 75% 103% 77% 76% <br />2022 105% 95% 90% 109% 99% 103% <br />2023 106% 100% 95% 115% 109% 115% <br />2024 106% 106% 99% 121% 121% 128% <br />Source: STR; Tourism Economics <br />The minimum stay durations data for short-term rentals in Santa Ana varies. AirDna data <br />suggests that half of the stock has a minimum stay of under 30 days. This data appears to <br />be 2023 data and to relate to their estimate of 2,000+ STR listing in that data source. <br />Therefore, it is not possible at this stage to tell how many of the City Council estimated <br />8 <br />https://www.keydatadashboard.com/en-gb/markets/orange-county-california <br />3/5 <br /> <br />