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Weekly Hotel Performance Update – Oct. 9 – 15, 2022

October 19, 2022 By Julia Buescher Leave a Comment

  • San Diego hotel properties sold a total of 353,785 room nights last week, essentially unchanged from the week prior, and remained slightly higher than demand in the same week of 2019 (347K RNs sold).  
  • County occupancy was flat from the week prior at 78.6% while other markets saw occupancy rise. As a result, San Diego dropped to 7th among top markets, down from 5th the previous week. The top three markets this week were New York (88.5%), Boston (84.5%) and Orange County (83.4%).
    • All regions within San Diego County had average occupancy in the high-70s to low-80s, with UTC leading at 83.8% and Mission Valley at 81.8%.
    • Despite the Padres’ playoff games against the Dodgers Friday and Saturday nights, Downtown properties did not see a boost in occupancy due to the ticket sales being limited to San Diego residents.
  • Though the convention center did not host a primary event last week, there were several single-property events held throughout the county good for nearly 7,000 room nights. In total, there were 64,648 Group RNs sold for the week with an average occupancy of 34.4% among upscale+ properties, peaking on Tuesday at 41.9%. Group rates averaged $271, about $30-40 higher than rates in the same weeks of 2019 and 2021.
  • Transient demand among upscale+ properties increased slightly from the previous week to sell a total of 76,684 RNs with an average rate of $300.
  • County ADR slipped to $208, down $9 from the previous week, but still $40-50 higher than 2019 and 2021 rates.

Filed Under: Industry Trends, Meetings in San Diego, What's New Tagged With: ADR, data, Hotels, meetings, san diego, travel

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