- San Diego hotels saw a strong finish to 2022. Last week, which included Christmas Day and New Year’s Eve, San Diego County hotels sold nearly 100,000 more room nights then the week before, and average occupancy spiked by more than 20 points.
- Hotel demand jumped to 303,260 for the week, on par with the amount sold in the last week of 2019.
- County occupancy closed out the year averaging 67.5%, a substantial increase from the 46.8% average occupancy during the previous week leading up to Christmas. San Diego had the second highest occupancy among the western competitive set, behind Orange County at 73.8% and ahead of Los Angeles at 66.4%. The top three markets in the nation were New York (84.3%), Oahu Island (80.5%) and Orlando (79.0%).
- Within the city of San Diego, the regions with the highest occupancy were Mission Valley at 71.6%, Pt. Loma/Airport at 69.9% and Downtown at 68.0%.
- Not surprisingly, Group occupancy for the week was quite low while Transient occupancy among upscale+ properties was quite high, comparatively. Group occupancy averaged 4.8% for the week with rates at $215, while Transient occupancy averaged 55.2% with rates at $281. Occupancy rates were comparable to the last week in 2019, but room rates averaged $58 higher for Group while Transient rates were $95 higher in 2022.
- Hotels charged an average of $189 per night, a significant uptick from the $140 seen the week prior. Compared to past years, ADR for this week was $58 higher than same week in 2019 and $42 higher than 2021.
View the complete hotel performance report here.