- San Diego County hotel demand fell by roughly 8% week-over-week as leisure travel continues to soften. The county sold a total of 342,668 room nights, 30,000 fewer than the same week in 2019.
- County occupancy cooled to 76.1%, 6.6 points lower than the previous week, although this trend followed each of the top 25 U.S. destinations, and San Diego was ranked 5th in the nation (down from 4th last week) and 1st in the western competitive set. The top three markets this week were Boston (82.4%), New York (80.6%) and Denver (79.9%).
- Average occupancy throughout the county ranged from 69.0% in Del Mar/Oceanside to 83.0% in Mission Valley.
- The highest occupancy for the week was on Wednesday in Downtown at 92.6% as the Convention Center filled up, followed by UTC at 91.1%.
- The convention center hosted two events during this period for a total of 8,565 blocked RNs, while single property events had several events begin with roughly 5,475 blocked RNs. Overall, Group occupancy averaged 31.8% for the week, peaking on Wednesday at 43.8%, with an ADR of $259. Compared to recent years, last week’s Group demand of 59,781 RNs sold was 12,400 fewer than the same week in 2019 but 24,800 more than 2021.
- Transient demand among upscale+ properties has remained steady for the last few weeks, selling a total of 76,253 RNs last week with an average occupancy of 40.5%. This is on par with the same week in 2019 and 2021, but 2022’s elevated ADR of $302 remains $40-50 higher than past years.
- Countywide ADR of $204 was $12 lower than the preceding week but still $30 higher than 2019 and 2021. San Diego had the 6th highest ADR in the nation.
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