Updated: Apr 9, 2020
This is an estimate in an article I have just read. The occupancy would likely decrease to about sixty percent compared to last year when there were almost 2,000 short term rentals occupied at more than ninety-five percent.
However, this is still too many given that the COVID-19 Coronavirus will still be with us. Many if not most of the States, and clearly most of the countries, are on different tracks. Just as some have escaped from New York in the past few weeks to minimize their risk, we can expect the same from many others in the future. It seems very unlikely that California or San Diego will require visitors to quarantine. The only other viable alternative is to shut down the short term rentals in residential neighborhoods.
There are multiple states and many communities that have shut down vacation rentals. Why not San Diego? Could it be the money from TOT?
More in this soon.