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More Good News for Hospitality Sector

SAN DIEGO, CA-San Diego is faring the best out of all of California's hospitality markets, according to research released today by Ernst & Young. Occupancy levels for the region were down only 1.9% in June, the report points out.

By Erin Cassin | Updated on August 29, 2002

SAN DIEGO, CA-In a follow-up report to its 2002 CA Lodging Forecast, Ernst & Young says that San Diego is performing the best out of all of California’s hospitality markets.

The report, released today, forecasts that San Diego hotels “should be recovering in the next three months.” Occupancy levels have already begun to improve significantly here, as they were down only 1.9% in June, as compared to 10.3% in January. The region’s “theme parks, prime beaches and nice weather,” have helped it bounce back, according to the Ernst & Young report. And discounted room rates have probably helped as well, seeing as San Diego led the state with a rate discount average of 2.7%.

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