Hotel Performance – Week of Sept 13-19, 2020
- Room supply increased from last week to 63,149, or 99% of pre-COVID levels.
- Room demand for the week reached 238,430 room nights, in line with past weeks, which have been between 230,000 to 250,000.
- County occupancy averaged 54%, again ranking San Diego second among the top 25 markets (behind Norfolk/Virginia Beach at 56%) and first in the western competitive set.
- Average daily rate was $129 throughout the county, ranking San Diego fourth among the top 25 markets (behind Oahu Island $156, New York $135, and Los Angeles $131) and second in the western comp set.
- Downtown had its second-highest week of demand since the shutdown, following the week prior when Labor Day Sunday was included. Downtown is doing better on the weekends but had the lowest occupancy in the region on Sunday night at 29%.
- Properties in South/East County continue to have the highest occupancy, at 73% this week, and La Jolla and Mission Bay properties continue to have the highest ADRs, at $239 and $203 this week, respectively.
- The weekday pattern continues with the weekend demand strongest and Monday through Wednesday lagging.
- Weekend occupancy percentages averaged in the high 70s and 80s along the coastal regions with both Del Mar/Oceanside and Mission Bay averaging about 89% on Saturday.