- The week following Labor Day weekend delivered a solid performance.
- Last weekend’s performance was a good sign as leisure travelers continued to book hotel rooms at summer prices. Most regions averaged in the high 80s and 90s with ADRs well above $200 for both Friday and Saturday night.
- Further, the occupancy climb into the weekend was not extreme due to weekdays also averaging in the 50s and 60s. The UTC area did especially well Monday – Thursday.
- Compared to the previous week, the County occupancy increased from 65.6% to 67.3% as hotel room night demand grew about 7,000 room nights to 301,069 sold.
- The County average daily rate fell $7 to $170, but still $4 above 2019.
- San Diego’s occupancy of 67.3% was fourth highest in US behind Denver (72.2%), New Orleans (72.6%) and Philadelphia (67.9%), but was again the top performer among the western region competitive markets. New Orleans had very high group occupancies in the 60s the last 2 weeks due to hurricane relief, while Denver edged up above 20%. Philadelphia occupancy was driven mostly by transient.
- The County ADR of $170 was the 6th highest among the top 25 markets in the U.S following New York ($248), Oahu ($213) and Boston ($181), and just behind Los Angeles ($176) and Orange County ($174).
- San Diego’s RevPAR of $115 was the #3 RevPAR market last week behind New York at $162, and Los Angeles at $118.
- Within the San Diego region, The South/East region had an occupancy high of 76.9%, as has been true since the pandemic began, and Downtown the low at 57.5%.
- The average daily rates Downtown and in the coastal regions, with exception of the Pt Loma-Airport area, were all above $180.
- La Jolla Coastal RevPAR of $221 was in the high the region with 73.2% occupancy and a $302 average rate.
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