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Weekly Hotel Performance Update – Jan. 23 to Jan. 29, 2022

February 3, 2022 By James Hebert Leave a Comment

Source: STR, Inc.
  • San Diego hosted the Farmers Insurance Open from Jan. 26 to 29 at Torrey Pines, which helped boost hotel demand by nearly 18,000 room nights over the previous week. County hotels sold a total of 259,906 room nights, roughly 100,000 more room nights sold than in the same week of 2021 but 70,000 less than the same week in 2019 and 2020.
  • Occupancy rose to 58.5% throughout the county, ranking San Diego sixth among top markets (up from seventh last week) and second in the western competitive set (up from third), behind only Phoenix (69.9%). Miami, Phoenix and Tampa were the top-performing markets this last week.
  • Daily rates averaged $151 for the week, an increase of $7 from the prior week. San Diego ranked eighth among top markets (unchanged from last week) and fifth in the western set (down from fourth), ahead of only Seattle ($116).
  • RevPAR rose to $89, a $10 increase from last week, ranking the county sixth among top markets.
  • Most regions had their highest occupancies on Saturday night, ranging from the mid-60s to high 70s. The exceptions were UTC, which peaked at 72.5% on Wednesday, and La Jolla Coastal, at 75.2% on Friday.
  • Highest average occupancies for the week were South/East County at 70.7%, Mission Valley at 67.0% and UTC at 66.8%.
  • La Jolla Coastal ADR reached $316 this week, $130 higher than second-place Downtown, which averaged $186. Rounding out the top three was Mission Bay at $177 for the week.

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

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