In the first full week of February, San Diego hotels saw a decrease in occupancy compared to the same period last year, but average daily rates improved. Occupancy rates ranged from 64% in Escondido to 82% in the UTC area. The only region that increased in occupancy over 2018 was UTC with a modest 1.6% growth. Average daily rates ranged from $108 in Escondido to $232 in La … [Read more...] about San Diego Lodging Performance – February 3-9, 2019
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San Diego Lodging Performance – January 27 – February 2, 2019
San Diego hotel occupancy and average daily rates remained strong in the fifth week of 2019 with several regions improving in both categories over the same period in 2018. Occupancy rates ranged from 59% in Escondido to 83% in Mission Valley. Mission Valley properties also saw the largest increase over 2018 at almost 17% growth, followed by Downtown properties at 8%. Average … [Read more...] about San Diego Lodging Performance – January 27 – February 2, 2019
2018 Annual Performance Comparison – Top 21 Markets
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
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