According to Smith Travel Research, Inc., San Diego County hotels in the month of February averaged 75.9 percent occupancy, down 5.1 percent compared to last year. The average daily rate (ADR) of $160.77 was flat to last year. Impacting the performance has been the increased rain on weekends, and the large American Academy of Dermatology Convention at the San Diego Convention … [Read more...] about February 2019 Hotel Performance Weakens Over 2018
Industry Trends
International Inbound Visitation to U.S. – 2018 Performance and 2019 Prospects
Tourism Economics released an analysis of 2018 international arrival estimates to the U.S. and their view of what can be expected of 2019. Monthly data show slowing demand in overseas arrivals to the U.S., especially in the second half of 2018, leading to a modest growth rate of 2 percent in 2018. They describe the performance as subpar and uneven with Asia posting a 0.9 … [Read more...] about International Inbound Visitation to U.S. – 2018 Performance and 2019 Prospects
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
January 2019 Hotel Performance
San Diego properties saw strong growth compared to 2018, but actuals fell below most of the western region comp set cities. Occupancy SD County occupancy was 69.5%, up 3.6% from 2018 City of San Diego was 72.8%, a 4.1% improvement from 2018 The best performing regions for the month were North Coastal (UTC, I-5 corridor) with occupancy at 75.6%, followed … [Read more...] about January 2019 Hotel Performance
San Diego Lodging Performance – February 10-16, 2019
During the week of Valentine’s Day in San Diego, occupancy rates dipped across the county while average daily rates continued to climb upwards. Occupancy rates ranged from nearly 68% in Escondido to 85% among Downtown properties, though most regions saw declines compared to the same period in 2018. The only two regions to have increases were properties in the I-15 Corridor at … [Read more...] about San Diego Lodging Performance – February 10-16, 2019