- San Diego hotel demand rose w/w by 12,000 room nights to total 353,423 room nights sold throughout the county last week. This is about 15,000 fewer RNs sold than in the same week of 2019, mostly because of weaker Group demand (more below), but the tick upwards continues to follow the pattern seen in past years.
- County occupancy rose by 2.6 percentage points to average 78.5% last week, but San Diego remains ranked 9th in the nation. The top three markets for the week were Phoenix (92.6%), Tampa (88.4%) and Miami (88.0%) as MLB spring training brings in more visitors in those locales.
- Mission Valley had the highest occupancy within the City of San Diego at 82.7%, followed by Downtown at 80.0% and UTC at 79.2%.
- The convention center hosted one smaller primary convention last week with 3,220 blocked room nights. Overall, Group demand fell w/w to 49,692 RNs sold with an average occupancy of 25.9% and rates at $293. Compared to the same week in 2019, Group demand last week was about 12,000 RNs weaker, but rates were roughly $50 higher.
- Rates averaged $207 throughout the county, a slight increase from the previous week and about $12 stronger than the same week last year. It was around this time in 2022 that the omicron fears began to subside and travel picked up, raising rates substantially compared to the earlier weeks of 2022. San Diego’s rates thus far in 2023 remain very close to the other California markets, with Orange County averaging $216 last week, San Francisco at $207 and Los Angeles at $202 last week.
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