- After a slow start to the year amid cool and rainy weather, San Diego hotel demand bounced back last week with county hotels selling a total of 331,131 room nights, an increase of nearly 34,000 RNs from the week prior. Last week’s demand was about 9,000 RNs stronger than the same week in 2019 and more than 70,000 higher than in 2022 as Omicron was still making its rounds.
- Weekly occupancy averaged 73.7% throughout the county, up 7 points from the previous week and raising San Diego’s standing among top markets. San Diego ranked 5th in the nation (up from 7th the week prior) and 2nd in the west (same as the week prior), behind Phoenix at 80.6%. The top three markets for the week were Miami (81.1%), Phoenix (80.6%) and Tampa (76.6%).
- Within the city of San Diego, UTC region properties had the highest average occupancy of 81.1%, helped by the Farmers Insurance Open Golf Tournament, followed by Mission Valley at 78.2% and Downtown at 78.1%.
- Several events moved through the convention center for an estimated 40,000 blocked room nights last week. Overall, Group demand totaled 73,799 RNs sold among upscale+ properties for an average occupancy of 39.0%, peaking on Tuesday at 50.1%. This is about 10,000 more RNs sold than the same week of 2019. Average rates are also $40 higher than in 2019, at $274 last week.
- With the stronger demand among upscale+ properties, ADR throughout the county jumped $14 from the week prior to land at $192 last week. San Diego is currently ranked middle of the pack among western markets with Phoenix ($204) and San Francisco ($198) ahead and Los Angeles ($187) and Orange County ($187) below.
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