- Hotel room demand continues to follow historic seasonal patterns for this time of year. San Diego remains highly competitive, with the second-highest occupancy, ADR, and RevPAR across the Top 25 markets and ranking first among the western competitive set for the week spanning July 3rd to 9th.
- For the week that included the 4th of July holiday, San Diego properties sold a total of 345,743 room nights throughout the county, up 15,000 rooms (+4.6%) from the same week in 2021 and just 10,000 rooms (-2.8%) shy of the same week in 2019.
- County occupancy registered 76.8% last week, a 3-percentage point improvement over the same week in 2021 but still 3.2 percentage points below the occupancy registered for the same week in 2019. Oahu Island, San Diego, and Orange County were the three top performers in the nation last week.
- County ADR hit an all-time high of $247 last week, $46 (+23%) above the average rates seen in the same week in 2021 and $63 (+28.9%) above 2019. However, ADR has climbed across the nation over the past year, and despite the record-breaking reading last week, San Diego ADR trailed behind that of Oahu Island, where ADR clocked in $316. Oahu Island, San Diego, and New York were the top three performers in the nation last week.
- La Jolla and Mission Bay both averaged well above $400 for the week, at $420 and $415, respectively.
- RevPAR was $189 last week, which reflects a $41 (+28%) increase over the same week in 2021 and $42 (+29%) above 2019 levels.
- As is typical for the week that includes the Fourth of July holiday, the convention center did not host a primary event last week. Nonetheless, group occupancy, at 12.5% last week, was sufficient to lead the western competitive set and is a 7.8-percentage point improvement over 2021 and 4.4 percentage points higher than during the same week in 2019. Like the broader market, group ADR is trending above historic norms, coming in at $255 last week, up $36 (+17%) from 2021 and $25 (+11%) higher than in 2019.
- Among upscale properties, transient occupancy was 59.1% last week, on par with the 59.0% logged in 2021 but 12.2 percentage points lower than the same week in 2019. Nonetheless, transient ADR reached $366, which reflects a $63 (+21%) increase over 2021 and an even starker $108 (+42%) increase over 2019.
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