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Weekly Hotel Performance Update – Jan. 30 to Feb. 5, 2022

February 9, 2022 By Julia Buescher Leave a Comment

Source: STR, Inc.
  • Hotel demand in San Diego declined slightly this week, selling a total of 251,540 room nights throughout the county. This is roughly 90,000 more room nights sold than in the same week of 2021, but about 76,000 lower than in 2019 and 2020.
  • County occupancy reduced to 56.6% ranking San Diego 6th among top markets (unchanged from last week) and 3rd in the western competitive set (down one spot from 2nd), behind Phoenix (67.6%) and Los Angeles (60.1%). Miami, Tampa and Phoenix were the top markets in the nation this week.
  • Daily rates averaged $147 this week, $4 lower than last week. San Diego ranked 10th among top markets (down from 8th last week) and 5th in the competitive set (unchanged), again ahead of only Seattle ($116) this week.
  • RevPAR dropped $6 to $83 this week, ranking the county 8th in the nation (down from 6th).
  • Saturday night occupancies ranged from mid-60s to high-70s throughout the county with Pt. Loma/Airport properties peaking at 79.5%.
  • Top performing regions for the week were South/East County averaging 72.4% occupancy, followed by Northeast/Escondido at 65.8% and Mission Valley at 62.2%.
  • La Jolla Coastal properties continue to command the highest daily rates by a wide margin. Rates in La Jolla averaged $258, $74 higher than second place Downtown, where ADR averaged $184 for the week, followed by Mission Bay at $179.

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

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