The real estate market in San Diego and nationally has been in recession. The cost of money, as well as the other factors of production – land, labor, and materials—have been prohibitively expensive.
Forecasts
Top 10 Trends for the Hospitality Industry in 2024
The hospitality industry transformed in 2023, driven by technological advancements and evolving guest demands. We’ll explore the ten emerging trends for 2024 in the hospitality industry.
What To Expect and What Can Go Wrong for Hoteliers in 2024
Challenges abound, but American mindset remains ‘Travel Is a Birthright’. Will hotel supply increase in 2024?
Will 2024 Go Up, Down or Sideways for Hoteliers?
US Presidential Election One Big Factor Outside of Industry’s Control 2024 is an election year, but this one is unusual. Both likely presidential hopefuls have such low ratings that more than half the country would like to see them disappear. Most election years have...
2021 Hotel Forecast
The COVID-19 pandemic has caused unprecedented disruption to the hospitality industry, so when it comes to mapping a post-pandemic recovery, it's clear that we are in uncharted territory. The Lodging Conference hosted Bernard Bauhmohl, Chief Economist of the Economic...
Econometer: Could coronavirus kickstart a recession?
Bob Rauch, R.A. Rauch & Associates NO: Most likely, based on results of SARS in 2003 and other pandemic events, the impact will be tens of billions of dollars per year but not enough to throw a strong U.S. economy into recession. The bottom-line result of...
Econometer: Could rising wages be coming to San Diego?
Question: Could rising wages be coming to San Diego? Bob Rauch, R.A. Rauch & Associates NO: It is likely that the jobless rate is at or near the bottom. Wages have been increasing from minimum wage on up through the ranks over the past eight years. According...
Lodging Forecast: How Long Can Post-Recession Uptick Last?
By LOU HIRSH Sunday, March 26, 2017 San Diego County’s lodging and tourism industries have been on a tear for the past six years. Can they go for a seventh in 2017? The local region in 2017 is expected to maintain its highest hotel occupancy levels seen in the last 30...