- Hotel room demand rebounded last week gaining close to 25,000 from the week before. County hotels sold a total of 328,556 room nights last week, about 3,000 more than the same week in 2019.
- Weekly occupancy rose by 5.5 percentage points w/w to average 73.1%. Despite the increase, San Diego dropped in national rankings from 5th the week prior to 6th last week. The three Florida markets were still the national leaders, followed by Phoenix at 77.5% leading up to the Superbowl.
- Within the City of San Diego, Mission Valley had the highest weekly occupancy of 78.2%, followed by UTC at 77.5% and Downtown at 77.1%. Occupancy peaked on Tuesday throughout most regions in the county, with I-15 Corridor properties at 97%, UTC at 96% and Downtown at 95% on Tuesday.
- One primary event was at the convention center from Tuesday through Thursday, with 14,370 blocked room nights. Overall, Group demand topped 60,000 RNs for the week with an average occupancy of 31.5%, peaking on Tuesday at 47.3%. Demand and occupancy were similar to the same week in 2019, but average rates remain elevated at $279, about $35 higher than 2019.
- County ADR rose with the increased demand, averaging $196 for the week, up $8 from the previous week. Rates continue to outpace previous years, up nearly $40 compared to the same week in both 2019 and 2022.
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