- San Diego County saw an increase in occupancy again last week to 70.7%, a result of the market selling about 316,000 hotel room nights.
- Among the top 25 markets in the U.S., San Diego occupancy was third-highest, just below Nashville and Denver, which were both at 71% due to strength in group performance. San Diego again outperformed the western region comp set.
- San Diego chain scale properties had an increase in group occupancy to 20% , supported by the US Green Building Council at the convention center. That was second highest in comp set behind Phoenix at 24%, as they head into cooler months. San Francisco is still posting the low at 6.8%.
- San Diego County’s average daily rate increased $3 over the previous week to $173, but fell below Orange County ($179), Los Angeles ($178) and San Francisco ($175) last week, which was rarely seen over the summer.
- The demand was felt around the county with the bump in group and continued strength of weekend leisure business. Most regions averaged from high 80s to 90s on Friday and Saturday nights and 50s to 60s during the week. The weekday pattern is a more gradual slope into the highs of the weekend, compared to the extreme “hockey stick” from last year.
- San Diego’s RevPAR of $122 made it the #3 RevPAR market behind New York at $195 and Boston at $143, and highest in the western region.
- Within the San Diego region, the South/East region had the occupancy high of 79%, as it has since the pandemic began, and the I-15 corridor the low at 59.9%.
- The highest average daily rates were in Downtown, Mission Bay, and La Jolla Coastal, all $200 or above. The La Jolla Coastal RevPAR of $221 was the high in the region, with 76.2% occupancy and a $290 average rate.
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