January 2019 Hotel Performance

San Diego properties saw strong growth compared to 2018, but actuals fell below most of the western region comp set cities.

Occupancy

• • SD County occupancy was 69.5%, up 3.6% from 2018
    • City of San Diego was 72.8%, a 4.1% improvement from 2018
    • The best performing regions for the month were North Coastal (UTC, I-5 corridor) with occupancy at 75.6%, followed by Mission Valley at 75%
    • The regions with the most growth in January were Mission Valley with an 8.1% increase over last year, followed by North Inland (I-15 corridor) at 7.9% growth
  • San Diego County’s occupancy for January ranked 9th among top 25 markets, behind Oahu (82.6%), Miami (78.6%), Orlando (74.9%), Phoenix (73.6%), San Francisco (73%), Los Angeles (71.6%), New York (71.4%), and Tampa (70.8%)
  • Occupancies Sundays through Wednesdays were up (Mondays were up 13%!), while Thursdays were flat, and Fridays & Saturdays declined slightly

ADR

• • SD County ADR was $149.36, a 6.5% increase from 2018
    • City of San Diego was $158.63, up 8.3% from 2018
    • The best performing regions for ADR were La Jolla at $241.14, followed by Downtown at $190.15
    • The regions with the most ADR growth in January were Mission Valley with a 11.2% increase over 2018, followed by Downtown with a 9.3% increase
  • San Diego County’s ADR ranked 8th among top 25 markets, behind San Francisco ($302.68), Oahu ($242.70), Miami ($234.16), New York ($181.92), Los Angeles ($172.45), Anaheim ($154.02), and Phoenix ($150.93)
  • All days of the week saw substantial increases in ADR, again with Monday leading with 11% improvement

RevPAR

• • SD County RevPAR was $103.87 for the month of January, a 10.3% increase from 2018, and ranked 8th among top 25 markets

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