Weekly Hotel Performance – November 15-21, 2020 Room night demand fell by more than 3,700 to 186,560 room nights sold this week – a level similar to the first week of November.Weekday nights saw a significant increase in demand among Downtown and Mission Valley properties, with a lesser increase among I-15 Corridor and Pt. Loma/Airport properties.Weekend nights (Friday & … [Read more...] about Weekly Hotel Performance (November 15-21, 2020)
San Diego County Hotel Forecast Update
Tourism Economics - San Diego County Hotel Lodging Forecast – October 2020 Update Overall, the lodging forecast improved compared to the July 2020 forecast due to stronger than expected leisure demand, especially after Labor Day Weekend.Strong leisure demand continued into October, with weekends continuing to average in the 80 percent range in many areas of the … [Read more...] about San Diego County Hotel Forecast Update
Hotel Industry Performance – August 2020
San Diego County SD County occupancy was 51.7% with a base supply of 62,848 rooms in August, down by 37.4% from last year. San Diego ranked 3rd among top 25 markets (behind Norfolk/Virginia Beach at 63% and Philadelphia at 52%) and 1st in the western competitive set.SD County ADR was $133, a 25.8% decline from last year, and ranked 3rd among top markets (behind Oahu Island … [Read more...] about Hotel Industry Performance – August 2020
Weekly Hotel Performance (August 2-8, 2020)
While the local tourism industry continues to struggle amid the COVID-19 crisis, leisure visitation is providing a boost to the region. San Diego continues to be a popular destination with hotel room inventory reaching near pre-pandemic levels amid steadily increasing demand and room rates. The destination also is outperforming many of the top markets as the region’s hotels and … [Read more...] about Weekly Hotel Performance (August 2-8, 2020)
Tourism Industry Performance – May 2020
May 2020 Highlights: San Diego visitation improved from 300,000 visitors in April to 370,000 visitors in May, which is roughly 14% of normal monthly levels.Overnight visitors were about 60% of the visitors, and the majority of those being hotel visitors.These visitors spent an estimated $176 million at local businesses, just 18% of the $952 million spent in May … [Read more...] about Tourism Industry Performance – May 2020