Printer Friendly
The Free Library
14,599,653 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Hotels in Tri-Cities stay afloat in recession better than most others.


Hotels in the Tri-Cities area are weathering the recession better than those in most other areas of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  County, hospitality experts reveal.

"Pasadena is doing fairly well," said Bruce Baltin, a partner at accounting firm Pannell Kerr Forster. "It's not as reliant on any one type of industry as is the Los Angeles airport area. They have some manufacturing, some financial institutions and some corporate headquarters."

While the year-to-date occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time
pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred)
 in Pasadena, the city which has most of the Tri-Cities area's hotels and motels Motels may refer to any of the following:
  • Motel, a type of temporary commercial accommodation;
  • The Motels, an American new-wave band.
, did fall from one year ago -- from 66.4 percent through August 1990 to 64.2 percent through August 1991 -- that was only about half the decline that occurred in Los Angeles County over the same period, when occupancy declined from 68.3 percent to 64.4 percent.

Separate records are not kept for Glendale and Burbank hotels.

Despite a decline in the average daily guest rate over the same period in Los Angeles County from $58.21 to $57.63, in Pasadena the guest rate increased from $55.39 to $57.51.

Among the major hotels in the Tri-Cities area are the Pasadena Doubletree, the Pasadena Hilton, the Pasadena Holiday Inn, Burbank Hilton, the Burbank Holiday Inn, Glendale Holiday Inn.

In addition, a Red Lion Red Lion may refer to:
  • Red Lion (inn), the second most common name for English pubs
  • Red Lion and Sun Society, the former name of the Red Crescent in Iran
  • Red Lion, Pennsylvania
  • Order of the Red Lion
  • San Beda Red Lions
  • Cougar
  • A robot vehicle from Voltron
 Inn is under construction in Glendale, a hotel estimated by some observers to be in the same deluxe class as the Doubletree.

The Burbank Airport Hilton also this year doubled its size from 280 rooms to 500 rooms and increased its convention center space from 10,000 square feet to 50,000 square feet.

Tim Ellis, general manager of the hotel, said that the expansion will allow the hotel to handle large conventions.

A major factor in the decision to expand was the 1990 announcement that Southwest Airlines This article is about the American airline. For the former Japanese airline, see Japan Transocean Air. For the British airline, see Air Southwest.
Southwest Airlines Co.
 would begin servicing Burbank Airport, Ellis added.

He added that the hotel also is benefiting from recognition of Burbank Airport as "a more user friendly airport," one with easier access to downtown and lower hotel rates than Los Angeles International Airport “LAX” redirects here. For other uses, see LAX (disambiguation).

“KLAX” redirects here. For other uses, see KLAX (disambiguation).

Los Angeles International Airport (IATA: LAX, ICAO: KLAX, FAA LID: LAX
.

Another factor in the area's favor is its reliance on individual commercial travel and small corporate meetings rather than on conventions and tourism, the latter of which have been in the doldrums doldrums (dŏl`drəmz) or equatorial belt of calms, area around the earth centered slightly north of the equator between the two belts of trade winds.  throughout the county.

In addition, Baltin characterized the market as a mature one which has avoided vicissitudes vicissitudes
Noun, pl

changes in circumstance or fortune [Latin vicis change]

vicissitudes nplvicisitudes fpl; peripecias fpl 
 of inadequate supply and then overbuilding.

While other investors are considering building more first class hotels, Baltin said they will wait out the recession before taking action, both because of questions regarding demand and difficulty getting financing.

Motels and low-end hotels are not doing as well as the major hotels, said one expert.

Lower end motels have average occupancy rates 5 percent lower than the upper end product, said Robert Holden Robert Holden is a British landscape architect born in Preston and educated at the University of Newcastle upon Tyne. Later a director of Brian Clouston and Partners, and director of the MA Landscape Architecture programme at the University of Greenwich. , executive director of the Pasadena Center Operating Co., which supervises the Pasadena Visitors and Convention Bureau.

"The corporate entities utilize the hotels rather than the inns and motels," he said. "The motels have people coming in for one night and it's a shopper's market. They shop around." There are 12 budget hotels in Pasadena alone.

The general manager of one Pasadena motel said that despite the recession, motels are holding their own.

"On a monthly average, we're averaging 65 percent (occupancy)," said Darryl Espie, general manager of the Pasadena Vagabond VAGABOND. One who wanders about idly, who has no certain dwelling. The ordinances of the French define a vagabond almost in the same terms. Dalloz, Dict. Vagabondage. See Vattel, liv. 1, Sec. 219, n.  Inn, part of an economy motel chain.

After the summer months ended, Espie said that corporate management of the hotel lowered its Inns' room rates from Sunday to Thursday by 13 percent and increased its commissions to travel agents by 20 percent in an attempt to lure more business.
COPYRIGHT 1991 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Special Report: Tri-Cities; Burbank, Glendale and Pasadena, California
Author:Tobenkin, David
Publication:Los Angeles Business Journal
Date:Nov 4, 1991
Words:600
Previous Article:Proposed revisions in Pasadena's general plan elicit strong response from both sides. (California; growth and development plan causes battle among...
Next Article:NBC Plaza next up for the Burbank media district. (pre-leasing of the two-tower project by Cushman Investment and Development Corp.)(Special Report:...
Topics:



Related Articles
Recession treads lightly in Tri-Cities. (Burbank, Glendale and Pasadena, California)(Special Report: Tri-Cities.)
Tri-Cities office space stays tight, housing keeps moving. (Burbank-Glendale-Pasadena)(Quarterly Real Estate Report) (Industry Overview)
Tri-Cities remain healthiest contender in Southland; Pasadena comes in as one of the best of all local markets. (office space market in...
Metrolink railroads Tri-Cities. (Special Report: Tri-Cities)
Tri-Cities economy weathers recession better than other parts of L.A. County. (Burbank, Glendale, Pasadena) (Special Report: Tri-Cities)
Tri-Cities' tenants tire of paying premium rents, landlords may have to lower prices. (Special Report: Quarterly Real Estate) (Industry Overview)
Entertainment industry fueling market's growth. (Los Angeles County, California)(Real Estate Quarterly)
Pricey rooms.(Real Estate)(Hilton Hotels Corp.'s Hilton Glendale)(Brief Article)
$293 million sale of Century Plaza sets California record.(Sunstone Hotel Investors Inc., Hyatt Corp.)
Hotels: ranked by the number of guest rooms.(The List)(Directory)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles