- San Diego hotel demand decreased from the week prior by 16,000 RNs to settle at 377,484 room nights sold last week. This is almost identical to the number of room nights sold in the same week of 2021 but roughly 9,000 fewer than the same week in 2019. As a result, average occupancy declined by 3.6 percentage points to 83.8% last week, ranking San Diego 3rd in the nation (down from 1st the previous week) and 2nd in the western competitive set. The top three markets this week were Oahu Island, Seattle and San Diego.
- Most regions throughout the county had occupancies averaging from low-to-mid 80s, with La Jolla Coastal leading at 87.2% followed by Downtown at 86.5%.
- Saturday night was in high-demand with many regions nearing full occupancy – Mission Bay properties were 95.9% full and Downtown was at 95.3%.
- The convention center hosted two events last week, Transplant Games of America and Alzheimer’s Association, good for a total of 24,800 blocked room nights. Among upscale+ properties, total Group demand for the week was near 46,000 RNs (+14.5% more than same week in 2019) with an average occupancy of 24.7% (+0.8 point above 2019) and ADR of $277 (+$24 more than 2019).
- Transient demand among upscale+ properties increased from the previous week. Roughly 104,800 RNs were sold this last week, a hair less than the 105,100 sold in 2019 but about 9,000 less than the RNs sold in 2021. Transient ADR was $364 and remains about $100 higher than 2019.
- Total market ADR declined for the second week in a row, down to average $245 for the week. Despite this, rates remain about $22 higher than same week in 2021 and $50 higher than 2019. San Diego had the 3rd highest ADR in the nation last week (down from 2nd) and the highest average rate among western cities.
- Coastal regions continue to see ADR well above the rest of the county, with La Jolla Coastal properties averaging $386 and Mission Bay at $372, both more than $100 higher than other areas.
- RevPAR also decreased for the week to $205, but San Diego remained the 2nd highest-ranked region among top markets.
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