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Weekly Hotel Performance Update – Feb. 12 -18, 2023

February 22, 2023 By Julia Buescher 2 Comments

Hotel Performance
  • Last week’s hotel performance was a bit of a mixed bag, with demand and occupancy tracking close to 2019 levels but ADR losing some ground in the rankings against other destinations across the U.S. in recent weeks.
  • County hotels sold a total of 342,011 room nights in the week leading into Presidents Day weekend, an increase of about 20,000 over the same week in 2022 and more than 1,000 more than 2019.
  • Average occupancy for the week rose by 3 percentage points to reach 76.1%, ranking San Diego 6th in the nation for the second week in a row. The three Florida markets (Miami, Tampa and Orlando) remain in the top spots as is typical for this time of year, followed by Oahu Island and Phoenix to round out the top 5.
  • Within the City of San Diego, Downtown properties had the highest weekly occupancy of 82.6%, followed by Point Loma/Airport hotels at 80.4% and Mission Valley at 79.6%.
  • The convention center had one primary event in-house through the week with a second event moving in towards the end of the week, good for 9,700 blocked room nights. Overall, Group demand among upscale+ properties totaled 59,588 RNs, slightly below the 62K from the same week in 2019, with an average occupancy of 31.1% and rates at $277. Group ADR last week was about $37 higher than in 2019, though occupancy averaged about 8 ppts lower.
  • Average rates for the week picked up compared to the week prior, up from $196 to $205, about $40 more than the same week in 2019 and $25 higher than the same week in 2022. Even so, sunbelt metros in other parts of the country are charging even higher rates: Miami averaged $316, Phoenix came in at $278, and Oahu Island clocked in at $270.

View the complete hotel performance report here.

Filed Under: Industry Trends, Meetings in San Diego, What's New Tagged With: ADR, data, Hotels, meetings, san diego, travel

Reader Interactions

Comments

  1. steve scharf says

    February 23, 2023 at 8:51 am

    Will you be providing an updated hotel performance report for the week?

    Reply
    • Brent Bernasconi says

      March 1, 2023 at 2:43 pm

      Hi Steve – The Weekly Hotel Performance Update in posted on Fridays of the following week.

      Reply

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