- Following the ESRI convention during the week of July 10 – 16, the San Diego Convention Center welcomed back another marquee event, Comic-Con International, during the week of July 17 – 23. Group occupancy among upscale+ properties averaged 37.3% for the week and climbed as high as 48.8% on Thursday night, which marked the start of the event. Group room night demand was roughly on par with that of 2019. However, occupancy was 5.5 points lower than in 2019, and ADR—at $313 this year—was roughly $11, or 3.5%, lower than what was seen in 2019.
- More broadly, 392,219 room nights were sold across San Diego County last week. While this is about 12,000 fewer rooms sold than the week prior, it is nonetheless right in line with the demand seen in 2019 and 35,000 more room nights than in 2021.
- County occupancy averaged 87.1% for the week, ranking San Diego 1st in both the nation and western competitive set for a second consecutive week. This is a 7.3-point rise in occupancy over the same week in 2021 but still 2 points lower than the same week in 2019. The top three markets this week were San Diego, Oahu Island and Seattle.
- Every single hotel zone in the county saw occupancy rates north of 90% on Friday and Saturday nights, ranging from a low of 91% at Northeast / Escondido on Friday night to a high of 97% Downtown on Friday night.
- Average rates also saw a significant increase, up $30 from the week prior to reach $286, setting yet another record for the region. This represents a huge $46 increase from the same week in 2019 and an even more pronounced $76 increase over the same week in 2021. San Diego ranked 1st in the western comp set and 2nd in the nation behind Oahu Island ($306).
- Not surprisingly, coastal regions in San Diego continue to see the highest rates in the county. La Jolla properties collected an average $494 on Saturday night, while Mission Bay properties charged an average of $481 for the night.
- This continued strong performance in both occupancy and ADR lifted weekly RevPAR to $249, reflecting a $35 increase over 2019 and an even more impressive $82 increase over 2021. This is the highest weekly RevPAR in San Diego’s history and ranked the county 2nd in the nation, behind only Oahu Island at $264.
- Among upscale+ properties, transient occupancy was 45.7%, falling short of the 62.4% registered in 2021 but right on top of the 45.4% rate in 2019. Even so, this week’s transient ADR of $441 is some $109 higher than the same week in 2019 ($312) and $129 higher than 2021 ($312).
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