The third week of April 2019 saw hotel occupancy rates in most San Diego regions improve upon 2018 numbers for the first time in several weeks. Occupancy rates ranged from 76.5 percent in Escondido to 88.4 percent in Mission Valley, with all but two regions increasing year over year. The regions with the most growth were Mission Valley with 8.3 percent growth, followed by … [Read more...] about San Diego Lodging Performance – April 14-20, 2019
San Diego Lodging Performance – April 7-13, 2019
In the second week of April, San Diego saw decreased hotel occupancy rates compared to last year, though most regions experienced an increase in average daily rates. Occupancy rates ranged from 69 percent in Del Mar/Oceanside to 85.9 percent Downtown. The only region to have improved in occupancy compared to last year was I-15 Corridor with a modest 1.3 percent increase. … [Read more...] about San Diego Lodging Performance – April 7-13, 2019
March 2019 Hotel Performance
San Diego hotels in the month of March averaged 80.3 percent occupancy, down 3.8 percent compared to last year. The average daily rate (ADR) was $162.21, up 1.4 percent from last year. The largest impact to March’s performance was the wide spread in spring breaks due to a late Easter holiday this year, with breaks among the school districts in the drive markets split between … [Read more...] about March 2019 Hotel Performance
San Diego Lodging Performance – March 31-April 6, 2019
During the first week of April, San Diego hotels experienced fluctuations in occupancy growth while average daily rates remained on an upward trend. Occupancy rates ranged from 73 percent in the I-15 Corridor to nearly 89 percent in Mission Valley. While half of the regions declined in occupancy compared to the same week in 2018, several regions experienced growth – the … [Read more...] about San Diego Lodging Performance – March 31-April 6, 2019
San Diego Lodging Performance – February 17-23, 2019
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 … [Read more...] about San Diego Lodging Performance – February 17-23, 2019