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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 />STRs is 10,8418, 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 />Levels <br />2019 <br />58,282 <br />45,141 <br />77.5% <br />$161.94 <br />$125.42 <br />$2,668,166,801 <br />2020 <br />50,463 <br />221479 <br />44.5% <br />$136.03 <br />$60.59 <br />$1,116,070,720 <br />2021 <br />56,897 <br />32,999 <br />58.0% <br />$167.45 <br />$97.12 <br />$2,016,885,289 <br />2022 <br />60,995 <br />42,663 <br />69.9% <br />$177.02 <br />$123.82 <br />$2,756,556,935 <br />2023 <br />61,590 <br />45,366 <br />73.7% <br />$185.82 <br />$136.87 <br />$3,076,862,904 <br />2024 <br />61,937 <br />471723 <br />77.1% <br />$196.59 <br />$151.48 <br />$3,424,409,154 <br />Growth <br />2020 <br />-13.4% <br />-50.2% <br />-42.5% <br />-16.0% <br />-51.7% <br />-58.2% <br />2021 <br />12.7% <br />46.8% <br />30.2% <br />23.1% <br />60.3% <br />80.7% <br />2022 <br />7.2% <br />29.3% <br />20.6% <br />5.7% <br />27.5% <br />36.7% <br />2023 <br />1.0% <br />6.3% <br />5.3% <br />5.0% <br />10.5% <br />11.6% <br />2024 <br />0.6% <br />5.2% <br />4.6% <br />5.8% <br />10.7% <br />11.3% <br />Relative to 2019 <br />2020 <br />87% <br />50% <br />58% <br />84% <br />48% <br />42% <br />2021 <br />98% <br />73% <br />75% <br />103% <br />77% <br />76% <br />2022 <br />105% <br />95% <br />90% <br />109% <br />99% <br />103% <br />2023 <br />106% <br />100% <br />95% <br />115% <br />109% <br />115% <br />2024 <br />106% <br />106% <br />99% <br />121% <br />121% <br />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 https://www.keydatadashboard.com/en-gb/markets/orange-county-california <br />3/5 <br />