Even During A Boom, San Diego Hotels Need To Up Their Experiential Game

Boom is the right word to describe San Diego's tourism and hospitality industry — more visitors are coming each year, hotels are doing well — but does a bust inevitably follow?

The speakers at Bisnow's San Diego Tourism & Hospitality Boom event said a softening is possible, especially if the U.S. economy edges into recession, but a collapse is unlikely. San Diego simply has too much going for it as a destination.

Even so, that doesn't mean that local hoteliers or restaurant operators can coast. Travelers want more from their hotels and eateries than ever before, and if they don't get it, they are going to look elsewhere.

There is no doubt that visitors mean big business for San Diego, the speakers said, offering a few salient statistics on the industry, using data compiled by the San Diego Tourism Authority.  In 2018, 35.7 million people visited the region, divided roughly 50/50 into overnight visitors and visitors who…

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Work has started at the Hotel del Coronado on more than 140 new rooms, a new conference center, and upgraded dining and outdoor areas. The $200M renovation is slated for completion in 2021.The new rooms will be on the south side of the resort, next to the new conference center,…

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The global economy is widely predicted to be approaching its first downturn since the Great Recession over the next two years, but the commercial real estate investment environment looks completely different than it did at the end of the last cycle.

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CHICAGO  — The one-two punch of recession and the rise of e-commerce about a decade ago hit the nation’s retail sector hard, but some landlords still place bets on struggling shopping centers plagued by vacancies. They believe that as long as properties have great locations and a careful curation of tenants invulnerable to internet competition, these once-distressed lifestyle centers and malls can thrive in the modern era. One of the main strategies to retail success: transforming centers into community gathering spaces. 

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As developers and investors look for the ways opportunity zone deals can work for their business, the question is now shifting to how these deals will work for communities.

“In whatever investments you chose to make, I would just think long and hard about whether you think those investments are in the spirit of the program,” Margaret Anadu, the head of the Urban Investment Group at Goldman Sachs, said at Bisnow’s 2019 NYC Opportunity Zones Summit Tuesday morning.

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