- San Diego County hotel demand strengthened significantly, up by 26,500 room nights from the previous week to total 362,524 room nights sold. This is about 5,000 more RNs than the same week in 2019 and almost 70,000 more than 2021, much of which can be attributed to Group and Transient demand among upscale+ properties.
- County occupancy rose week-over-week by 6 points to reach 80.7% last week. Upticks in occupancy were common across all markets last week however, and despite the week-over-week improvement, San Diego ranked 6th in the nation (down from 3rd the previous week). The top three markets were New York (88.0%), Seattle (84.7%), and Boston (83.9%).
- Most regions in the county had average occupancy in the low-to-mid 80s for the week with Downtown and UTC properties leading at 85.4% and 85.3% respectively.
- Many regions were close to full capacity on Saturday night – Mission Valley hotels were at 95.8% and Mission Bay was at 94.9%.
- The convention center hosted one primary event for a total of 27,780 blocked room nights, while single property events spread throughout San Diego had about 5,690 blocked RNs. All in all, Group occupancy averaged 35.0% for the week, peaking at 47.3% on Tuesday, with an average rate of $269 and sold a total of 65,526 RNs throughout the county. Compared to the same week in 2019, roughly 4,500 more Group RNs were sold and was almost 50,000 RNs stronger than 2021, with an ADR $20-50 higher.
- Upscale+ properties sold 79,907 Transient RNs, roughly unchanged from the same week in 2021 but about 5,000 more than 2019. Rates averaged $321, almost $50 more than 2021 and about $100 higher than 2019, with occupancy averaging 42.7%.
- Rates throughout the county averaged $216, an increase of $12 from the week prior and $40-50 higher than 2019 and 2021. San Diego ranked 6th among the top 25 markets, down from 4th the previous week.
- RevPAR rose by $20 from the week prior to settle at $174.
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