The eighth week of 2019 saw continued decline in occupancy rates as average daily rates creeped upward among San Diego hotels, when compared to the same period in 2018. The year-over-year decline in occupancy rates may be explained by the American Academy of Dermatology annual meeting that was held during this period in 2018 (providing 7,700 room nights during its peak) which did not occur in 2019. Occupancy rates for this week ranged from 67% in Escondido to 83% in Mission Valley, with the largest declines in Del Mar/Oceanside at -11% and Mission Bay at -7% from last year. Average daily rates ranged from $108 in Escondido to $235 in La Jolla. All regions except for one saw improvements in ADR over last year with the largest gains in the I-15 Corridor at 5% growth, followed by Mission Valley and Del Mar/Oceanside at 4% growth.
Source: STR
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