Weekly Hotel Performance (November 1-7, 2020)

Weekly Hotel Performance – November 1-7, 2020

• Hotel room night demand fell by about 8,000 room nights compared to previous week for a total of nearly 187,000 room nights sold in the County. 
• Although there was more rain last weekend compared to the previous, demand Thursday through Saturday increased over previous week in all areas of the County except Pt. Loma / Airport, South/East and Mission Valley.  
• However, all areas sold fewer room nights Sunday through Wednesday. 
• County occupancy fell to 42.1%, ranking San Diego 9^th among top 25 markets and 3^rd in the western competitive set behind Phoenix (which ranked 1^st in the nation) at 55.1%, and Los Angeles at 46.2%.
• Regionally, occupancy continues to follow the same pattern, with properties in South/East County the highest at 67.2%, followed by Northeast/Escondido properties at 56.5%. I-15 Corridor overtook Del Mar/Oceanside for third place this week, with 46.1% occupancy. These three regions all had the highest occupancy on Saturday night as well; 71.2% in South/East County to 66.6% in the I-15 Corridor.
• ADR dropped slightly to $115 this week, placing San Diego 6^th among top markets and 3^rd in the western comp set behind Los Angeles at $124 and San Francisco at $119.
• Coastal properties continue to have the highest ADR in the County, although declining a bit the last few weeks. La Jolla was at $207 this week, Mission Bay was $158, followed by Downtown at $133.
• RevPAR was $48 for the week, ranking 5^th among top markets and 3^rd in the western comp set behind Phoenix at $59 and Los Angeles at $57.