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Weekly Hotel Performance Update – June 27- July 3, 2021

July 8, 2021 By Thega-Alem Berhe Leave a Comment

Source: STR, Inc.
  • This week’s report includes Saturday night only of 4th of July weekend. For reference, July 4th was Thursday in 2019 and Sunday in 2021.
  • Although County hotel room night demand dipped 28,000 room nights to 330,449 sold in the County, the average rate for the week of $201.20 was up $17 over the same week in 2019.
  • Among top 25 U.S. Markets, San Diego County Occupancy of 73.8% was 5th highest in US behind Denver, Oahu, Norfolk, and Tampa, but again #1 in the western region.
  • The County ADR was 3rd highest among the Top 25 behind Oahu and Miami, and #1 in the western region. San Diego was $10 higher than Orange County and $26 higher than Los Angeles.
  • This performance resulted in the 2nd highest hotel RevPAR in the U.S. at $149, behind Oahu.
  • Among Luxury, Upscale Chain properties, group occupancy declined to 4.7% from 8.5% going into the holiday weekend. Both Seattle and Orange County group occupancies are similar to San Diego, while San Francisco is far behind at 2.5% and Phoenix ahead at 11.6%.
  • The weekday pattern was to be expected with a steep climb from 60s during the week to high 80s and 90s into the holiday  weekend.
  • Mission Bay, La Jolla Coastal, Mission Valley, I-15 corridor, and North/East and South/East regions were all above 90% on Saturday. Downtown averaged 87% and Del Mar/Oceanside at 86.3%.
  • The ADR was again the story, with Mission Bay and La Jolla Coastal posting highs of $317 and $343 respectively.

Filed Under: Industry Trends

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