Hotel Performance – STR – November 2020
County of San Diego
- Room night demand fell by over 200,000 compared to October to total 787,095 hotel rooms nights sold in November. This was the lowest level of monthly demand since June.
- San Diego County occupancy averaged 41.4%, nearly 10 points lower than October and 42% down YOY. San Diego still ranked 7th among top markets for the month and 3rd in the western competitive set, behind Phoenix at 49.6% and Los Angeles at 43.6%.
- County ADR was $113 for the month, ranking San Diego 7th among top markets and 4th in the western comp set, behind Los Angeles at $124, San Francisco at $116, and Anaheim at $113.
- RevPAR was $47, ranking San Diego 5th among top markets and 3rd in the western comp set behind Los Angeles at $54 and Phoenix at $51.
- Economy chain hotels continue to perform the best during the recovery, with occupancy only reducing by 8.9% YOY to reach 62.4% this month (down from 69.2% in October). Luxury chain properties continue to suffer the most, falling by 12% from October to 14.3% occupancy in November.
- Among Upscale/Upper Upscale/Luxury chain hotels, Group occupancy nearly doubled compared to October to reach 6.4%. Transient occupancy among the same chain scales, however, dropped to 21.5% this month, down from 32.5% in October.
- Luxury chain hotels maintain the strongest ADR among all chain scales, achieving $220.67 this month, only declining by 0.7% YOY. Economy chain hotels grew ADR from last year, up by 1.7% YOY to $68.89.