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Hotel occupancy is down in San Diego. In a March 25 article in the UT San Diego, Joe Terzi from San Diego's Tourism Authority placed most of the blame on Mayor Bob Filner and his decision to hold off on renewing the Tourism Marketing District's 39 and one-half year contract.

Terzi is correct. Occupancy rates for February 2013 dropped from 68.7 percent in February 2012 to 68 in February of this year. But one thing that Terzi, and the UT San Diego, failed to point out is that year-to-date occupancy rates for San Diego are actually up from this time last year.

A March 19 report shows that year-to-date occupancy rates have increased by two percentage points from this time last year, from 63.1 percent to 65.1 percent.

Another thing that Terzi and the UT failed to touch on is that while occupancy rates fell less than a percentage point during the month of February, the Average Daily Rate went up by less than three percent. And room revenue ticked up by 1.3 percent.

According to the report, so far this year, San Diego hotel owners aren't doing so bad. Room revenues from January to March 19 saw a 6.9 percent increase compared to the same time last year.

Follow this link to see the March 19 report.

Comments
2

Good research and reporting. The UT and downtown hotel owners can spin all they want, but facts are facts.

March 26, 2013

It's outrageous that Terzi is being paid $435,000 a year. [The President of the U.S. makes $400,000 per year.] Terzi is obviously way overpaid, and Mayor Filner (who only makes $100,000) wanted a cap on these bloated paychecks at the Tourism Authority. But in the new agreement hammered out, there will be more "transparency" about their pay, but no limits. So will Terzi get $550,000 next year? $700,000? [Terzi told the U-T that his base compensation is "around $370,000." The rest being bonus pay. And he has no pension; oh boo hoo for him.] Bonus for what? For showing up at work? For keeping the weather great? For clean hotel rooms in town? For no recent accidents at SeaWorld?

March 29, 2013

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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