Excerpt from Morrison & Company, Lodging Industry Management Consulting Report December 2018 RevPAR was flat compared to December 2017, and for the year RevPAR was up in all four major California markets. The main takeaways for the month of December 2018 are: Occupancy declined in 16 of the Top 25 U.S. Markets, ADR declined in 8 and RevPAR declined in 11. Again, … [Read more...] about 2018 Annual Performance Comparison – Top 21 Markets
Industry Trends
San Diego Lodging Performance – January 20-26, 2019
In the fourth week of 2019, occupancy levels and average daily rates remained about the same as the previous week for San Diego hotels. Occupancy rates ranged from 67% in Escondido to 81% in UTC area. Compared to 2017, several regions saw tremendous growth with Mission Valley and Downtown leading with almost 13% improvement. Average daily rates ranged from $107 in Escondido … [Read more...] about San Diego Lodging Performance – January 20-26, 2019
San Diego Lodging Performance – January 13-19, 2019
San Diego hotels improved in the third week of 2019 with occupancy rates ranging from almost 61% in Del Mar/Oceanside to near 79% in Mission Valley. The largest year-over-year growth for this week was in Escondido with a 15% increase, followed by properties in the I-15 Corridor with a 7% improvement. Average daily rates also increased, ranging from $108 in Escondido to $224 … [Read more...] about San Diego Lodging Performance – January 13-19, 2019
December and CY 2018 Hotel Performance
December Hotel Performance Occupancy SD County occupancy was 67%, a 5% improvement over 2017 City of SD was 68.7%, a 7.1% increase from last year Best performing regions were Pt. Loma Peninsula with 71.6% occupancy, and Downtown with 71.5% San Diego’s occupancy in December ranked 8th among top 25 markets, behind New York (86.9%), Oahu Island (81.4%), … [Read more...] about December and CY 2018 Hotel Performance
San Diego Lodging Performance – January 6-12, 2019
In the second week of 2019, San Diego hotels crept up in both occupancy rates and average daily rates, but still fell short of levels in 2018. Occupancy rates ranged from 55% in Del Mar/Oceanside to near 72% Downtown. Properties in the I-15 Corridor, however, were the only to see gains over the same week in 2018, with a 3% improvement in occupancy; all other regions fell … [Read more...] about San Diego Lodging Performance – January 6-12, 2019