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Weekly Hotel Performance – May 23-29, 2021

June 3, 2021 By Niki McDonald Leave a Comment

Source: STR, Inc.
  • With Memorial Day weekend at the tailend of this week, San Diego County hotel room demand surpassed 300,000 for the first time since spring 2020, selling 308,368 room nights throughout the county – 23,000 more than week prior.
  • Each night of the week rose in demand significantly compared to last week with the largest gains coming on Friday and Saturday night, each growing by about 4,000 room nights over last week to sell 55,000 and 60,500 room nights, respectively.
  • Saturday night demand of 60,500 rooms sold is the new COVID single-night record, with occupancy ranging from low-to-high 90s throughout the county.
  • Weekly occupancy rose to 68.7%, the highest since COVID began, ranking San Diego 3rd in the nation behind Miami (74%) and Tampa (73.7%) and 1st in the western competitive set.
  • South/East County properties averaged 83.2% occupancy, followed by Northeast/Escondido at 76.0%, and Pt. Loma/Airport and Mission Valley both at 72.3%.
  • Average daily rates rose by more than $20 from last week to reach $164, ranking San Diego 4th in the nation and 1st in the western comp set.
  • Beach regions had the highest rates, with La Jolla averaging $272 for the week, followed by Mission Bay at $252 and Del Mar/Oceanside at $195

Filed Under: Industry Trends

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