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Weekly Hotel Performance Update – Jan. 2 to Jan. 8, 2022

January 12, 2022 By James Hebert Leave a Comment

Source: STR, Inc.
  • Hotel room demand fell in the first week of January, as expected after the holiday surge. San Diego hotels sold a total of 216,277 room nights throughout the county this week – a stronger start to the year than in 2021, but at least 60,000 room nights short of the demand from the first week of 2019 and 2020.
  • County occupancy fell to 48.7%, the lowest level since early spring 2021. This ranked San Diego 11th among top markets (down from eighth last week) and fourth in the western competitive set (down one spot), below Phoenix (55.0%), Orange County (54.1%), and Los Angeles (54.0%). Miami, Oahu Island and Tampa were the top three destinations this week.
  • Daily rates averaged $136 throughout the county, a significant reduction from the holiday rates charged for New Year’s. San Diego ranked 10th among top markets (down one spot) and fifth in the competitive set (down from fourth), ahead of only Seattle ($111).
  • RevPAR fell to $66 this week, down from $116 the week before.
  • The top regions in occupancy were South/East County at 67.1%, followed by Northeast/Escondido at 57.9% and the I-15 Corridor at 54.7%.
  • ADR was highest this week at La Jolla Coastal properties at $233, followed by Mission Bay at $170 and UTC at $161.

Filed Under: Industry Trends, Meetings in San Diego, What's New Tagged With: ADR, data, Hotels, meetings, san diego, travel

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