Laserfiche WebLink
1,100 listings would be impacted by designated for shorter stays, but it could be as high as <br />100%. <br />STR Listings by Minimum Stay in Santa Ana <br />0.0%10.0%20.0%30.0%40.0%50.0%60.0% <br />30+ Nights7-29 Nights4-6 Nights3 Nights2 Nights1 Night <br />Source: https://www.airdna.co/vacation-rental-data/app/us/california/santa-ana/overview <br />With STRs accommodating a significant portion of the lodging market, their removal would <br />leave a considerable gap in available accommodations, which the existing hotel <br />infrastructure is unlikely to be able to fully absorb given Orange County's occupancy rates <br />were already at 77% in September 2024 (California Travel Forecast Î October 2024). <br />Effects of a Ban on STR on Local Hotel Demand, Room Rates, and Availability <br />Eliminating STRs is likely to intensify demand for hotel accommodations, which would <br />reduce availability and drive up average daily rates (ADR). Orange County's ADR is already <br />9 <br />high, at $209.14 (see table below) (192$ in Santa Ana <br />), and Santa AnaÓs hotel market is <br />part of this broader region where occupancy and room rates reflect high demand, <br />particularly near attractions. With STRs contributing substantial capacity, the ban would <br />further stress local hotels, as noted above likely leading to increased ADR due to scarcity. <br />The 7.1% year-on-year increase in Revenue Per Available Room (RevPAR) in Orange County <br />indicates a strong market with limited room for new capacity; hence, shifting demand from <br />STRs to hotels would almost certainly lead to higher room rates, potentially pushing them <br />beyond the reach of budget-conscious travelers. <br />Year to Date - September 2024 vs September 2023 <br />Short Term Rentals <br />Occ % ADR RevPAR <br />2024 2023 2024 2023 2024 2023 <br />California 68.0 68.4 190.57 192.15 129.60 131.41 <br />Orange County 72.1 72.0 209.14 210.91 150.74 151.91 <br />9 <br />https://rabbu.com/airbnb-data/santa-ana-ca <br />* https://www.airdna.co/vacation-rental-data/app/us/california/santa-ana/overview <br />4/5 <br /> <br />