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Weekly Hotel Performance Update – Jan. 9 to Jan. 15, 2022

January 20, 2022 By James Hebert Leave a Comment

Source: STR, Inc.
  • Going into the Martin Luther King Jr. holiday weekend, San Diego hotels sold roughly 15,200 more room nights than the prior week, for a total of 231,489 room nights sold. The early weeks of 2022 are selling about 80,000 more room nights per week than the start of 2021.
  • San Diego County hotel occupancy rose to 52.1%, with much of the rise occurring Saturday night. San Diego ranked 11th in the nation (unchanged from last week) and fourth in the western competitive set (unchanged) behind Phoenix (62.1%), Los Angeles (56.0%), and Orange County (52.2%). Oahu Island, Tampa and Miami remain the top three destinations in the nation.
  • ADR inched up to $141 for the week, ranking San Diego 10th among top markets (unchanged) and fifth in the competitive set (also unchanged), ahead of only Seattle ($116) once again.
  • RevPAR rose to $74, up from $66 last week.
  • Several regions in the county saw occupancies reach the middle to high 70s on Saturday night. The highest occupancy of the week was 78.5% among Northeast/Escondido properties.
  • The regions with the highest occupancy for the week remained unchanged from last week, with South/East County properties averaging 70.4%, followed by Northeast/Escondido at 63.7% and the I-15 Corridor at 58.1%.
  • Weekly ADRs at La Jolla Coastal properties remain in a league of their own at $252 this week, followed by Mission Bay properties at $175 and Downtown properties at $168.

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

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