San Diego County SD County occupancy was 51.7% with a base supply of 62,848 rooms in August, down by 37.4% from last year. San Diego ranked 3rd among top 25 markets (behind Norfolk/Virginia Beach at 63% and Philadelphia at 52%) and 1st in the western competitive set.SD County ADR was $133, a 25.8% decline from last year, and ranked 3rd among top markets (behind Oahu … [Read more...] about Hotel Industry Performance – August 2020
Weekly Hotel Performance (August 2-8, 2020)
While the local tourism industry continues to struggle amid the COVID-19 crisis, leisure visitation is providing a boost to the region. San Diego continues to be a popular destination with hotel room inventory reaching near pre-pandemic levels amid steadily increasing demand and room rates. The destination also is outperforming many of the top markets as the region’s hotels and … [Read more...] about Weekly Hotel Performance (August 2-8, 2020)
Tourism Industry Performance – May 2020
May 2020 Highlights: San Diego visitation improved from 300,000 visitors in April to 370,000 visitors in May, which is roughly 14% of normal monthly levels.Overnight visitors were about 60% of the visitors, and the majority of those being hotel visitors.These visitors spent an estimated $176 million at local businesses, just 18% of the $952 million spent in May … [Read more...] about Tourism Industry Performance – May 2020
Weekly Hotel Performance (June 14-20, 2020)
Weekly Hotel Performance – June 14-20, 2020 – STR Room night demand grew to 162,874 throughout the county, a 4.5% increase from last week. This brought occupancy to 44.5% with a base supply of 52,321 rooms.The county’s average daily rate grew by $6 to reach $110 for the week, with properties in Mission Bay boasting the highest ADR at $180, followed by properties in La Jolla … [Read more...] about Weekly Hotel Performance (June 14-20, 2020)
Weekly Hotel Performance (June 7-13, 2020)
Hotel Performance Week of June 7-13, 2020 – STR Hotel room demand rose by 13% over previous week to 155,500 room nights sold, as hotels were allowed to open for leisure travel again over the weekend. As a result, occupancy rose to 43% with a base supply of 51,816 rooms.Weekend nights again report peak demand and ADR; Saturday night saw highest demand (29,462) and … [Read more...] about Weekly Hotel Performance (June 7-13, 2020)