- San Diego hotel demand edged higher week over week with a total of 345,932 room nights sold throughout the county last week. The steady climb in weekly demand throughout February is identical to the trend seen in past years, with 338,703 RNs sold in 2019 and 348,427 RNs sold in 2020 just before the pandemic took hold.
- Average occupancy inched up to 76.8%, an increase of 0.7 percentage point from the previous week, keeping San Diego in 6th place nationally and 2nd in the western competitive set. Tampa (87.9%), Orlando (86.9%) and Phoenix (86.8%) claimed the top spots last week.
- Downtown properties had the highest average occupancy within the City of San Diego for the second week in a row at 84.0%, followed by Mission Valley at 81.1% and UTC at 78.7%, helped in large part by compression stemming from strong Group demand last week.
- The convention center had one primary event in-house throughout the week with a second event moving in towards the end of the week, for a total of 9,046 blocked room nights. All counted, Group demand for the week reached 72,411 RNs sold among upscale+ properties, by far the most RNs sold for this week in recent years (by comparison, the same week in 2019 sold 57,194 Group RNs). Group occupancy averaged 37.8% for the week peaking on Wednesday at 47.8%, with an average Group rate of $278.
- Average rates throughout the county remained consistent week over week at $203, $27 higher than the same week in 2022 and $43 above 2019. Rates at popular winter destinations remain relatively elevated, with Miami at $314 and Oahu Island at $283, while other California destinations are closer to San Diego rates; Orange County was at $212 last week, Los Angeles at $194, and San Francisco at $185.
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