- A winter storm blew through San Diego during the latter part of this last week, dampening hotel demand a bit compared to the previous week. Despite the poor weather, two large events held downtown (the CRSSD music festival at Waterfront Park and Garth Brooks at Petco Park) help raise demand throughout the county on Saturday night. County hotels sold a total of 320,216 room nights for the week, a decrease of 13,000 from the week prior, but still in range of pre-covid demand (roughly 20,000 less room nights sold than the same week of 2019).
- County occupancy averaged 71.7% for the week, down 2.9 points from the previous week and ranked San Diego 6th among top markets (unchanged from last week) and 2nd in the western competitive set (also unchanged) behind Phoenix (77.6%). Florida remains the most popular state during spring break, with Tampa, Miami and Orlando having the highest occupancies again this week.
- Daily rates averaged $175 throughout the county, unchanged from the previous week. San Diego ranked 8th in the nation (up from 9th) and 3rd in the competitive set (up from 4th), below Phoenix ($210) and Los Angeles ($184).
- RevPAR dropped by $6 from last week to $125 this week, ranking San Diego 6th among top markets (up from 9th).
- Among upscale properties, group demand has been steadily rising throughout 2022 with this latest week reaching 26.5% occupancy. Transient occupancy fell from 45.8% last week to 38.4% this week. Rates for group averaged $242 while rates for transient averaged $250.
- Friday night occupancies ranged from mid-70s to high-80s for most regions of the county, while Saturday night was in the high-80s to low-90s. South/East County properties peaked on Saturday at 94.6%, followed closely by Mission Valley at 93.9% and Pt. Loma/Airport and UTC each at 93.5%.
- Two regions had occupancies average above 80% for the week, with South/East County leading at 81.0% followed by UTC at 80.5%.
- ADR remains well above $200 for three regions in the county with La Jolla Coastal properties averaging $264 for the week, followed by Downtown and Mission Bay, both at $223.
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