ANAHEIM, CA Disneys new 750-room upscale hotel, the Grand Californian, is expected to do better than originally projected, once it opens in January.
Disney is expecting occupancy of more than 87% with an average daily room rate of $220–about three times what the typical Anaheim hotel has charged in the past.
Four years ago, when Disney last made public projections, the company estimated it would fill 80-to-85% of its rooms at $182 per night in 1996 dollars–adjusting for inflation, a bit more than $200 per night next year.
The hotel, designed to meet AAA four-diamond standards, is located inside the new Disneyland park in California. (8/22/00)
Source: LA Times