- Hotel room night demand picked up last week with county hotels selling a total of 334,759 RNs. Half of the rise in demand (12,579 RNs) came from an uptick in upscale+ properties split evenly between Group and Transient. Hotel demand continues to follow the seasonal trend set in recent years, down by only 20,000 RNs compared to the same week in 2019.
- County occupancy rose significantly from the previous week, up 5.6 points to average 74.4% last week. Despite this, San Diego only inched up in national rankings to 9th, up from 10th the week prior. The top-ranking destinations for the week were Phoenix (83.7%), New York (83.0%) and Boston (77.5%).
- La Jolla area properties had the highest average occupancy for the week with UTC hotels leading at 83.6% and La Jolla Coastal hotels at 80.9%. The rest of the county ranged from the high 60s to mid-70s.
- Neuroscience 2022 moved into the convention center during the week with about 8,500 blocked room nights through Saturday. The event continued into this week and is expected to finish out with an estimated 25,000 RNs. Overall, Group demand reached 63,808 RNs sold with an average occupancy of 33.9% at a rate of $264. The number of room nights sold equals that of the same week in 2019, but average rates were about $30 higher last week.
- Transient demand among upscale+ properties ticked up week-over-week to average 36.3% occupancy with rates at $291. While weekly demand is in the same range as recent years, rates persist as much as $70 higher than in 2019.
- With the rise in demand, average rates picked up from the previous week to land at $203 last week. All the Southern California markets averaged at $203-204, while San Francisco was slightly ahead at $213 for the week.
View the complete hotel performance report here.