- The San Diego Convention Center hosted its first primary event of the year last week, helping to push hotel demand up significantly from the week prior. County hotels sold a total of 277,273 room nights through the week, up by about 50,000 RNs from the previous week and in line with demand from the same week in 2019.
- County occupancy rose alongside demand, from 50.0% in the first week of 2023 to 61.7% last week. Despite the gains, San Diego remains in the lower half among the top 25 markets with Phoenix (72.3%), San Francisco (65.1%), and Los Angeles (64.9%) all posting higher average occupancies for the week. The top three markets were Oahu Island at 77.5%, Miami at 76.6% and Tampa at 73.4%.
- Within the city of San Diego, properties in UTC had the highest average occupancy at 68.7%, followed by Mission Valley at 65.9%, and Downtown at 63.1%.
- CAbi 2023 occupied the convention center from 1/7 through 1/15 with a total of 8,151 blocked room nights. Overall, Group occupancy among upscale+ properties averaged 28.1% with demand exceeding 53,000 RNs, about 6,000 more RNs sold than the same week of 2019. Group ADR was at $257, roughly $60 higher than 2019 and nearly $40 higher than 2022.
- With group activity picking up after the holidays, average rates increased week over week to average $173 last week. However, San Diego continues to rank lower than other western markets in ADR, ahead of only Seattle ($141) last week. Also of note, ADR in first-place San Francisco catapulted to $574 last week, more than triple the prior week’s $168.
View the complete hotel performance report here.