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SAN DIEGO INDUSTRY NOTES

Despite the softening of vacancy rates in 114 San Diego...

June 13, 1989

Despite the softening of vacancy rates in 114 San Diego County hotels surveyed by Pannell Kerr Forster, average daily room rates in April were $77.51, up 3.6% from the same month a year ago. Rates at the resort class of hotels increased at a faster rate, jumping 6.3% to $124.95.

Reflecting the completion of more than 2,000 hotel rooms over the past year, the firm said April vacancy rates at hotels that were surveyed dipped to 68.1%, down from 69.9% logged in April 1988.

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