Jeff Smith 2:30 p.m., June 26
San Diego hotel business up, but not comparatively
SD hotels inch up, other California coastal markets grow sharply
According to Smith Travel Research, July occupancy this year was 87.5%, up from 86.4% a year earlier. Year to date, occupancy has barely risen to 73% from 72.6% a year earlier, but average daily room rate has grown to $137.22 from $133.51.
However, year-to-date occupancy rose only 0.7% in San Diego, while it went up 3.1% in Orange County, 1.7% in Los Angeles and 3.1% in San Francisco.
Encinitas hotel expert Jerry Morrison compared hotel performance this year to date compared with pre-recession 2007 year to date. Revenue per available room is up 37.69% in San Francisco from 2007, up 13.1% in Los Angeles, up 6.5% in Orange County and down 4.2% in San Diego.
More like this:
- Good news for San Diego hotels — May 27, 2014
- SD hotel business up, but lagging other coast markets — June 21, 2013
- Tourism up...sort of — Nov. 27, 2012
- San Diego Tourism Remains Weak — March 22, 2012
- Tourism Picking Up, But More Slowly in SD — Feb. 22, 2012