- Hotel room night demand and the average rate fell for the third week in a row as the summer travel season winds down. The market may see another dip next week before a boost from Labor Day weekend.
- San Diego’s occupancy fell to 5th among the top 25 markets in the U.S. but remained 2nd highest in ADR and RevPAR.
- County demand and occupancy weakened to 314,519 room nights sold and 70.1% occupancy respectively.
- San Diego ADR was $198, again 2nd highest in the U.S. and #1 in the western region. San Diego’s ADR was $12 higher than Orange County and $11 higher than Los Angeles and $24 higher than the same week in 2019.
- This relatively strong occupancy and rate resulted again in the 2nd highest hotel RevPAR in the U.S. at $139 following only Oahu at $185 which dropped $15 from the previous week.
- Among Luxury, Upscale Chain properties, San Diego group occupancy has been averaging around 12% in the last 4 weeks. Orange County fell from 12.1% to 8.2%, which is a similar occupancy level to Los Angeles and Phoenix.
- San Diego’s group occupancy relative to the western region comp set is indicating a positive meeting preference for the market.
- While the weekend occupancies fell into the 80s, the weekday occupancies were 20% to 30% lower, reverting to the slope from Sunday low to Saturday high.
- UTC, I-15 Corridor, and Del Mar/Oceanside had the lowest occupancies, and South/East County had the highest of 82.3%.
- The Coastal regions are still driving the highest rates well into the mid $200s on the weekends, while Mission Valley, South/East, I-15 corridor, and Northeast regions’ rates are clustered closer together throughout the week.
- South/East County averaged the highest occupancy in the County (82.3%) and the lowest average rate ($129) last week, combining for an average RevPAR of $106.
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