- San Diego County hotels had a bit of a slow start to enter 2023 amid a rainy, cooler than average week. Hotel demand totaled 224,578 sold room nights for the week ended January 7, slightly more than the 216K RNs sold in the first week of 2022 but far below the 320K RNs of the same week in 2019.
- County occupancy averaged 50.0%, placing San Diego in the middle of the pack among top 25 markets as well as the western competitive set. Los Angeles and Orange County averaged a bit higher throughout the week, at 58.6% and 58.3%, respectively. The top three markets in the nation were Oahu Island at 72.5%, Orlando at 71.3% and Miami at 70.5%.
- Within the City of San Diego, the regions with the highest average occupancy for the week were Pt. Loma/Airport at 53.2%, Mission Valley at 51.8% and Downtown at 50.4%.
- Downtown occupancy peaked at 64.3% on Friday night, while South / East County’s occupancy hit 65.0% on Saturday.
- Group demand among upscale+ properties came to 17,881 RNs, a bit below the 21K RNs sold in the first week of 2019 but well ahead of the 14K RNs sold in 2022. Average rates were at $208, $20-30 higher than past years, with an average occupancy of 9.5% for the week.
- After the NYE holiday, average rates dropped about $30 from the previous week to settle at $157 last week, about $20 higher than the first weeks of 2019 and 2022. Other California markets had higher rates for the week with Los Angeles at $195, Orange County at $182, and San Francisco at $168.
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