HVS In Focus: Sonoma County California Hotel Market

As a major Northern California recreational and tourist destination, the Sonoma County hotel market is flourishing. With more available land than neighboring Napa, lower barriers to entry, and healthy demand levels, hotel supply is increasing.

Sonoma County continues to grow as a premier leisure destination, welcoming more than 7.5 million visitors in 2014. Tourism spending reached $1.6 billion in 2014, or a 2.4% increase over the previous year.1 Roughly 90% of the County's visitors are domestic; however, with an increase in tourists from Asia and Europe − and from China specifically − Sonoma County is poised to take advantage of rising international California wine-country tourism. 2 Napa Valley's reputation as a world-class wine region as depicted in popular media, has shifted China's emerging middle-class population to choose California over other destinations like France, with neighboring Sonoma County also benefitting from this increase in tourism.3 Compared to Napa, Sonoma County has a more casual character, with coastal scenery, less traffic, and access to wine tasting rooms without an appointment.

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Anurat Rojanapairat is an Associate with HVS's San Francisco Office. He performs hotel appraisals and feasibility studies across the United States and Mexico, with a special interest in Food & Beverage operations. His strengths lie in market research, analysis of financial models, and financial statement review. Clients prize him for his detail- oriented and thorough approach to his work.

Ester Wan joined HVS San Francisco in 2014 as an Analyst and brings with her a strong passion for the hotel industry. She has appraised resorts and hotels throughout California and nationwide.

HVS is the world's leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 2,000 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe.