- With both Presidents’ Day and Valentine’s Day falling on the same weekend, room night demand rose significantly, by nearly 40,000 room nights to reach 201,084 room nights sold.
- Friday and Saturday nights greatly outperformed the other nights of the week, selling 36,000 and 50,000 room nights, respectively, accounting for 43% of the week demand.
- Saturday night in particular saw occupancy reach nearly 90% in a few regions throughout the County. Saturday was also just under the pandemic high of Saturday night of Labor Day Weekend which reached 54,516 rooms sold.
- Downtown saw the largest jump in demand over previous week, selling over 11,000 more room nights. In comparison, each of the beach regions saw gains of around 3,000 room nights over the previous week.
- County occupancy averaged 45.7% ranking San Diego 7th among top markets and 2nd in the western competitive set, behind Phoenix at 60.2%.
- Top performing regions remain South/East County at 68.0% this week, followed by Northeast/Escondido at 60.3% and Mission Valley at 52.5%.
- County ADR rose to $112 ranking San Diego 7th among top markets and 2nd in the western comp set, behind Phoenix at $124.
- La Jolla Coastal properties grew ADR significantly to $204 this week, followed by Mission Bay at $170 and Downtown at $137.
- RevPAR was $51, ranking San Diego 6th among top markets and 2nd in the western comp set, again behind Phoenix at $75.
Leave a Reply