Tourism Economics – San Diego County Hotel Lodging Forecast – July 2021 Update
The latest hotel market forecast from Tourism Economics upgraded the outlook from March 2021 based on a few factors.
- Vaccination rates have significantly increased and hospitalizations have declined in California and the U.S.
- However, a cautious eye to the Delta variant keeps the view somewhat conservative.
- Leisure travel continues to drive the market and is delivering a better-than-expected summer for hotels.
- On June 15, California relaxed its restrictions, allowing meetings and events at hotels to begin again and attractions to fully open.
- San Diego group demand is projected to resume slowly through the rest of 2021, with more significant growth in 2022.
- The current forecast has San Diego County ending the year at 61.6% occupancy, ADR at $147.30 and RevPAR at $90.73.
- Hotel room revenue in 2021 is expected to be 28% below 2019 levels.