- Hotel room night demand in San Diego County has been stable the last three weeks at about 350,000 to 355,000 per week. San Diego hotels sold 354,173 room nights last week, and after a temporary slowdown in August, current demand has rebounded and remains slightly ahead of 2019.
- County occupancy was relatively unchanged from the previous week, averaging 78.7% last week. San Diego rose one spot to rank 6th in the nation and 2nd in the western competitive set, below Orange County at 79.2%. The top three markets this week were New York (88.6%), Boston (85.3%) and Nashville (84.1%).
- Average occupancy ranged from 73.5% in Pt. Loma/Airport region to 83.3% at Downtown properties.
- Interestingly, the highest occupancies occurred mid-week with UTC properties at 89.7% on Tuesday and I-15 Corridor properties at 89.8% on Wednesday.
- The convention center hosted one primary event during the week with 114,000 attendees and 25,300 blocked room nights, while single properties hosted about 15 events good for roughly 3,000 room nights. Overall, Group demand was the highest it’s been since the recovery began with a total of 72,869 RNs sold last week, compared to the 62K RNs sold during the same week of 2019. Group occupancy reached 38.7% with an average rate of $270.
- Transient demand among upscale+ properties looked similar to the same week in recent years, with a total of 69,954 RNs sold, but ADR remains much higher at $298 compared to $222 in 2019 and $265 in 2021.
- County ADR was unchanged week-over-week at $208.
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