Local Hotel Revenue Rose 4.4 Percent in First 11 MonthsThursday, December 29, 2016
Total revenue at San Diego County hotels rose 4.4 percent from a year ago in the first 11 months of 2016, topping $2.48 billion, according to the latest monthly data from research firm STR.
The local region posted increases on all major metrics for the January-to-November period, with occupancy at 78.1 percent (up 0.6 percent) and the average daily room rate at $156.35 (up 2.3 percent). Revenue per available room (RevPAR) rose 2.9 percent from a year ago, to $122.07.
Room-night supply for the 11-month period was up 1.4 percent, at more than 20.3 million, and room-night demand (nights booked) increased 2.1 percent, to more than 15.8 million.
The San Diego region continued to benefit from a generally strong national economy for hotels, with U.S. revenue rising 4.9 percent for the January-to-November period, to $139.3 billion.
For the month of November, STR reported San Diego County’s occupancy at 70.7 percent, up 4.9 percent from a year ago, with an average daily rate of $142.20 (up 2.9 percent). The region’s RevPAR rose 7.9 percent, to $100.53.
Room supply in November was up 1.2 percent, at more than 1.83 million, while demand rose 6.1 percent, to more than 1.29 million.