Economic Dashboard Biweekly Insights: November 20, 2023 Hotel Performance
LAGUNA BEACH HOTELS AVERAGE WEEKLY RATE (2023 vs. 2022)
§
$750
a:
$700
LU
LU LU LU
a: LU
$650
$582
$600 $550 $500
$582 $515
$543
$450
$408
$414
$399
$394
10/28/23
11/4/23
$400 $350
9/2/23
8/26/23
9/16/23
9/9/23
9/30/23
9/23/23 �This Year
10/7 /23
10/14/23
10/21/23
$390 $409
11/11/23
Last Year
LAGUNA BEACH HOTELS AVERAGE DAILY HOTEL RATE (WEEKS OF OCTOBER 15-NOVEMBER 11, 2023)
§
$600 $500 $400
$367 $365 $365
$300 $200 $100 $0
I
$497 $502 $436 $367
$341
$393 $382
$469
I II $441
$341
$377
$354
$384 $399
$455 $44
0
$395
$317 $323
$429
$406
$446 $379 $373
$427
COMPETITIVE SET METRICS § LU � a:
[jj
ti
I LU l!l � LU � :'.; I
':z �
$750 $700 $650 $600 $550 $soo $450 $400 $350 $300 $250 $200 $750 $JOO $SO $0
100.0%
78.4%
75.5%
77.4%
69.1%
74.9%
73.4%
90.0% 72.1%
80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0%
$308.55
$299.86
La Jolla
Santa Barbara
$290.39
$373.70
Huntington Beach Newport Beach
Santa Monica
-MONTHLY AVERAGE HOTEL RATE($)
Palm Springs
-OCCUPANCY RATE(%)
SOURCE: STR.COM
Visit Laguna Beach
I Biweekly Report 2023 I 3
$459.61
$492.10
Dana Point
Laguna
10.0% 0.0%
Economic Dashboard Biweekly Insights: November 20, 2023 Marketing Social Media, Press & Media Highlights TOP PERFORMING SOCIAL POSTS
CALIFORNIA LUXURY FORUM POST FAM October 28 Luxury advisors from around the world who serve highnet-worth clientele — a network worth $5.1B
UK LUXURY ADVISORS FAM November 13 & 14 6 Luxury travel advisors from the UK in partnership with Visit California
PRESS CLIPPINGS
Visit Laguna Beach | Biweekly Report 2023 |