Hotel Performance – Week of June 28- July 4, 2020
- Hotel room supply inched up by approximately 800 rooms last week, climbing to 54,372 available rooms, about 85% of pre-COVID supply (63,896).
- Demand in the region again improved from previous week of 177,000 to over 190,000 room nights sold this past week.
- While historically low, San Diego continues to outperform other top cities in the U.S. on occupancy and ADR.
- San Diego County occupancy averaged 50%, 4th highest in U.S., and highest on West Coast.
- San Diego County ADR was $132, 3rd highest in U.S., and just under Anaheim/OC at $144 on West Coast.
- Among upper upscale chains, San Diego’s transient occupancy was 38%, well ahead of all other West Coast competitors last week.
- As group occupancy is only for essential workers, San Diego ran 0.9% down from 3.4% a few weeks ago, and lowest among comp set. Seattle and San Francisco group is mainly homeless and COVID related.
- The Fourth of July holiday generated decent demand, especially along the coast.
- Friday and Saturday nights posted highest demand numbers post COVID shutdown at over 37,000 room nights sold per night in the County.
- Pt.Loma/Airport, La Jolla Coastal, and Del Mar/Oceanside areas all averaged above 80% occupancy on Saturday and 75-80% on Friday. Mission Bay fell just below these areas in low 70s.
- An encouraging sign was the strong ADRs over the weekend, with Mission Bay leading at $305 on Saturday and $295 on Friday, followed by La Jolla Coastal at $229 on both nights.
- Downtown properties yielded $174 on Saturday and $163 on Friday night at about 60% occupancy.
- Sunday and Thursday nights performed better than Monday through Wednesday and appear to be leisure shoulder nights.
- With no group, Monday, Tuesday and Wednesday are worst performing as occupancies average 25% in Downtown, 30-50% occupancy in other areas.
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