According to June data from Smith Travel Research Inc., hotel occupancy rates are rising in San Diego, California. The numbers show an increase of 10.1 percent rise in the occupancy rate compared to June 2009. For the first half of 2010, occupancy had risen 6.4 percent from the same period last year. That put it at a little over 65 percent. These figures signal a sure but slow economic recovery for San Diego County (corporate housing San Diego).
Hotel operators have been reluctant to raise rates, despite the good news. While revenues are looking up, the hotel industry as a whole is reluctant to upset the apple cart.
Long a popular business and tourism destination, San Diego has an ample selection of hotels ranging from budget to boutique. Its thriving convention center and business community has given rise to an accompanying wide selection of corporate housing. These rentals span the region, from the coastal business parks to the inland Indian
casinos.
If the occupancy rate continues to trend upwards, and other economic indicators show growth, you can be certain rates will rise in 2011. Indeed, in retrospect the latter half of 2010 could be seen has having been a very good time to find deals on furnished apartments and San Diego corporate housing of all types.