Hotel performance across the county followed expected seasonal trends last week, with particularly strong results over the weekend. Occupancy reached or exceeded 90% on both Friday and Saturday in every submarket within the city.
Preliminary daily data for July indicates a slight year-over-year decline in overall demand (1.7M room nights; -0.4% YoY), ADR ($261; -1.1% YoY), and RevPAR ($213; -4.5% YoY). Please note, however, that daily and weekly data are subject to revision and offer only a high-level snapshot of monthly performance. The final July report, expected by August 20, will provide a more comprehensive view of market conditions.
Week of July 27 – August 2
- Room demand: 393, 984 room nights (+6,000 / +1.6% YoY).
- Occupancy: 84.2% (-1.9% YoY); 5th among the top 25 and 2nd in the western comp set behind Seattle (85.7%).
- The top 3 markets last week were New York (86.6%), Chicago (86.4%), and Oahu (86.3%).
- Across the city, Mission Bay led (90.7%; +0.8% YoY), I-15 Corridor (88.6%; +6.2% YoY), and UTC (87.9%; -0.5% YoY).
- ADR: $254 (-$6 / -2.4% YoY).
- RevPAR: $209 (-$9 / -4.2% YoY).
- Group performance (upscale+ properties) and convention activity:
- Room demand: 50,369 Group room nights (+8,000 / +19.5% YoY).
- Occupancy: 24.1% (+4.4% YoY).
- ADR: $321 (+8.3% YoY).
- RevPAR: $77 (+13.0% YoY).
- At the convention center, Comic-Con was winding down, and Avid Center moved in, generating 16,000 room nights in-market.
View the complete hotel performance report here.
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