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Weekly Hotel Performance (March 1-14)

March 20, 2020 By Susan Bruinzeel Leave a Comment

  • In the first two weeks of March, data shows occupancy beginning to decline; 10 percent in the first week and 35 percent in the second week. RevPAR declines in the region averaged -11% in the first week of March, but grew to -45 percent in the second week.
  • Downtown and Mission Bay impacted the most, but declines vary across County.
  • The largest group markets in the U.S. experiencing significant losses so far in hotel room revenue, with the exception of Seattle, which tops the list.

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