- After several weeks of consistent room night demand above 350,000, County hotel demand fell to 337,636 room nights sold last week. While a seasonal slowdown was expected and demand was still about 22,000 more RNs than the same week in 2021, last week’s room night tally was nonetheless roughly 12,000 fewer RNs sold than the same week in 2019.
- County occupancy dipped by 3.7 percentage points to land at 75.0% last week, pushing San Diego from 6th place among the top 25 markets the prior week to 9th last week and 4th in the western competitive set. The top three markets for the week were New York (85.8%), Boston (79.3%) and Phoenix (76.5%).
- Average occupancy ranged from the low-60s to low-80s throughout the region with Downtown leading at 82.4% for the week, followed by Mission Valley at 81.1%.
- The highest occupancy for the week was once again mid-week, with properties in UTC at 90% both Tuesday and Wednesday nights.
- The convention center had three primary events shuffling in and out throughout the week with roughly 20,000 blocked room nights, while single property events had about 2,000 blocked RNs. All counted, Group occupancy averaged 39.1% for the week with 73,489 room nights sold among upscale+ properties and an average rate of $266. Compared to 2019, roughly 3,000 more Group RNs were sold with an ADR about $20 higher. Weekly Group demand has outpaced 2019 demand eight out of the last ten weeks.
- Transient demand and ADR among upscale+ properties dropped slightly from the previous week to settle at 64,349 RNs sold at an average $285 per night. Transient demand has been on par with 2019 demand for several weeks now, but rates remain $60 higher.
- County ADR dipped slightly week-over-week to $202. Other California markets had higher ADR for the week with San Francisco at $219, Los Angeles at $213, and Orange County at $203.
View the complete hotel performance report here.