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Weekly Hotel Performance Update – May 8 to May 14, 2022

May 18, 2022 By Julia Buescher Leave a Comment

Source: STR, Inc.
  • A total of 343,163 room nights were sold throughout San Diego County this latest week, a slight uptick from the week prior and roughly 30,000 more room nights than the same week in 2019.
  • Among upscale properties, group occupancy rose to 34.1%, finally beating out Phoenix (31.8%) and crowning San Diego the group leader among western markets. The 63,000 group room nights sold this past week is on par with any given week from spring 2019, suggesting business travel is coming back strong.
  • County occupancy increased to 76.0%, up from 74.5% the previous week, ranking San Diego 6th among top markets (down from 2nd) and 2nd in the western competitive set (down from 1st place), behind Los Angeles (77.5%). New York, Oahu Island, and Nashville were the top three markets this week.
  • Daily rates inched upwards to $197, up $4 from last week and nearly $40 above 2019.  San Diego ranked 7th in the nation (up from 8th) and 3rd in the western set (unchanged), below San Francisco ($222) and Los Angeles ($212).
  • San Diego RevPAR was $150, an increase of $6 from the previous week, ranking the county 7th among top markets (down from 6th).
  • Saturday night occupancies ranged from 84.9% in La Jolla to 94.2% in South/East County. Properties located in the City of San Diego averaged 90.4% on Saturday.

Filed Under: Industry Trends, Meetings in San Diego, What's New Tagged With: ADR, data, Hotels, meetings, san diego, travel

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