- San Diego County hotels sold roughly 35,000 fewer room nights than the week prior, totaling 280,589 room nights sold this week. This decline in demand mirrors the pattern seen in 2019, most likely due to Halloween and families wanting to stay home.
- The drop in demand resulted in a lower occupancy averaging 62.8% for the week, while average daily rates dropped by $13 to $162.
- County occupancy ranked 9th among the top 25 markets and 4th in the western competitive set, behind Phoenix (first in the nation at 69.6%), Los Angeles (68.5%) and Orange County (64.1%). Nationally, Phoenix, Nashville and Los Angeles held the top three spots this week.
- San Diego’s ADR of $162 ranked 9th in the nation and 4th in the western competitive set, below the other California markets of Los Angeles ($179), San Francisco ($174) and Orange County ($172). Despite the drop in rates, this week’s ADR is still $16 higher than the same week in 2019.
- RevPAR dipped significantly, down $22 from last week to $102, ranking San Diego 8th among top markets and 3rd in the comp set, below Los Angeles at $123 and Orange County at $110.
- Among upscale properties, both group and transient occupancy fell. Transient declined to a 4-week low of 37.3% while group dropped to 17.8%. ADR also declined for both categories, but remains strong; down to $236 transient and $247 group.
- Occupancy was flat throughout the week as Saturday night averaged only 70% throughout the county, peaking at 78.7% in South/East County properties. The highest occupancy of the week was Wednesday in South/East County at 85.6%.
- The majority of regions in the county had average weekly occupancy in the low to mid-60s, with South/East County properties being the only outlier by averaging 75.3% for the week.
- The highest weekly ADRs were La Jolla Coastal at $265, Mission Bay at $204 and Downtown at $197.
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