Weekly Hotel Performance – October 18-24, 2020
- Last week, room night demand in the County was 215,054, which was 20,000 room nights less than previous weeks and similar to first weeks in August. The drop-off was on the weekend, which had rain in the forecast.
- Weekday occupancies remained roughly at the same levels as last week throughout the County, but Saturday night occupancy averaged 66.7%, lower than the percentages of the mid to high 70s of the last couple of months.
- The fall off was most noticeable in the coastal regions with La Jolla at 63% and Del Mar / Oceanside at 64.7% on Saturday night both of which have been averaging in the percentages of the mid 80s on Saturday night.
- County occupancy fell by 5% this week to 48.5%, ranking San Diego 7th among top markets and 3rd in the western competitive set (behind Phoenix 53.6% and Los Angeles 49.4%).
- County ADR fell $8 from last week to $124, ranking San Diego 5th among top markets and 2nd in the western comp set (behind Los Angeles $130).
- RevPAR averaged $60, ranking San Diego 2nd in both top markets and western comp set (behind Los Angeles $64).
- All regions within the County experienced a decline in occupancy, but properties located in South/East County still lead occupancy at 68.5%, followed by Northeast/Escondido properties at 63.6%.
- ADR fell in most regions, but remains highest in La Jolla at $226 and Mission Bay at $184, and this week Downtown properties moved to third highest at $139.