- San Diego County properties sold 336,171 rooms for the week of May 1 – 7, about 16,500 fewer room nights sold for the final week in April. However, it’s worth noting that San Diego typically sees a slight lull in May following the Spring Break season and before the summer swell, and last week’s performance continues to mirror that of 2019.
- Similar to the broader trend, group demand cooled somewhat to start May. After posting a blockbuster week to end April, group demand fell from nearly 70,000 room nights to 62,000 for May 1 – 7. Nonetheless, this is just 2,000 room nights short of the same week in 2019.
- The convention center hosted one event last week, good for a total of nearly 10,000 blocked room nights.
- County occupancy averaged 74.5%, down from 78.2% in the previous week. Even so, San Diego held onto its spot as the 2nd best performing metro in the nation and remains the best in the western market, ahead of Los Angeles (72.5%). New York was the only metro in the nation to edge San Diego out, posting an occupancy rate of 76.7%.
- After falling $12 the week before, County ADR edged another dollar lower to $193, ranking San Diego 8th among top markets (unchanged from the week prior) and 3rd in the western set (also unchanged). That said, ADR is still running 10% to 15% (about $20) above pre-pandemic norms.
- Average ADR may have come down somewhat in recent weeks, but rates varied from as low as $127 in South/East San Diego County to $306 at La Jolla Coastal properties. In fact, six of the 11 hotel zones in San Diego County saw ADR above $200 last week.
- RevPAR experienced a slightly larger decline of $7 to settle at $144 this past week, placing San Diego in 6th place among top metros (unchanged from the week prior).
- Nearly every region in the County saw peak occupancies between 80% and 85% on Saturday night, with Mission Valley clocking in at a solid 85.0%, followed by UTC with 84.4%.
View the complete report here.