- San Diego hotels ended July on a strong note, ranking 1st in occupancy and 2nd in ADR and RevPAR among the Top 25 U.S. destinations this week, behind only Oahu Island.
- Room night demand increased slightly from the previous week, with hotels selling a total of 393,636 RNs throughout the county. Average occupancy was 87.4% for the week, up 0.3 points week over week, 6.4 points higher than the same week in 2021, but 1.7 points lower than 2019.
- Many regions throughout the county saw average occupancy near 90% for the week, with UTC hotels averaging 89.9% and Mission Valley at 89.4%.
- Saturday night in particular was almost completely sold out, with San Diego City properties at 95.8% occupancy.
- Average rates fell by $27 after the historically high rates during Comic-Con to settle at $259 this week. Despite the drop in rates, ADR remains more than $40 higher than rates of past years, well ahead of the $204 from the same week in 2019 and $217 in 2021.
- Coastal regions continue to see rates far above the rest of the county, with La Jolla properties averaging $431 and Mission Bay at $405.
- RevPAR also declined from the previous week to settle at $226 last week. Even so, this is still $40-50 higher than past years.
- As Comic-Con moved out of the convention center, two new groups moved in over the course of the week – AVID from 7/26-7/29 with 9.1K blocked RNs and Transplant Games from 7/29-8/3 with 14.2K blocked RNs.
- Among upscale+ properties, group demand was 53,507 RNs, an increase of 6,000 RNs over the same week in 2019. Group occupancy averaged 28.7% with an ADR of $293 this week, outperforming the same week in 2019 at 28.3% occupancy and ADR of $250. Group occupancy peaked on Wednesday at 34.7%.
- Transient demand among upscale+ properties was 101,242 RNs sold, relatively unchanged from the same week in 2019 (99K), but slightly lower than 2021 (109K). However, transient ADR this last week was $387, a full $100 higher than 2019 ($287) and more than $70 higher than 2021 ($316).
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