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Weekly Hotel Performance (May 17-23)

May 29, 2020 By Niki McDonald Leave a Comment

Source: STR, Inc.
  • Hotel room demand inched up again this past week reaching 130,000 room nights, which was the 10th highest in U.S. as other markets start to reopen ahead of California.
  • Occupancy in San Diego County reached 38% on a supply base of 48,828 hotel rooms.
  • The average daily rate (ADR) increased by $4 to $97, following weeks of it hovering around $93. The ADR for Saturday, May 23 was $108.11, the highest since the shelter in place was initiated.
  • With exception of UTC and I-15 corridor, all areas averaged above 30 percent occupancy. South/East County and North County had highest occupancies in the region and were above 40%.
  • ADR was highest among La Jolla Coastal properties at $129.87, followed by Downtown at $121.19.

Filed Under: Coronavirus Reports, Industry Trends

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