- County hotel demand rebounded considerably with the help of two primary events moving into the convention center last week. Overall, the county sold 300,291 room nights during the week, up from 258K RNs sold the previous two weeks. Last week brings San Diego room nights back in line with 2019 demand during the same week.
- County occupancy rose by 9 points to average 66.8% for the week, but San Diego still ranks in the middle of the pack among the top 25 markets. Other California markets averaged a bit higher, from San Francisco at 68.5% to Orange County at 72.6%. The top three markets in the nation were New York at 90.2%, Oahu Island at 80.3% and Tampa at 80.1%.
- Within the county, the coastal regions continue to see the lowest occupancy, while Downtown and UTC properties averaged 74.6% and 74.3% for the week, respectively.
- A smaller event with 2,700 blocked room nights occupied the convention center from the 5th to the 8th last week, while a much larger event with 21,000 blocked RNs moved in on the 8th. In total, Group demand among upscale+ properties came to 53,456 RNs with an average rate of $234.73, roughly the same demand as the same week in 2019 but with rates averaging $30 higher.
- Average rates throughout the county held steady at $175, about $25-30 higher than the same weeks in 2019/21. La Jolla properties had the highest average rate of $279, followed by Downtown at $209.
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