Despite the drop, hoteliers and tourism officials were happy.For the week ended Dec. 15, San Diego's hotel room revenue was down20.9 % due to a lull in group business and the beginning of holidayleisure travel, according to hotel industry analyst RobertRauch.

While it still seems like a steep decline, compared to competingdestinations, occupancy rates in San Diego are expected to finishthe year flat.

Area-wide occupancy levels for 2001 should finish out the yearnear 70%, with an average room rate of $111, a 3% decline inoccupancy from 2000, according to Smith Travel Research.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.