- Hotel demand ticked upward from the previous week to total 344,193 room nights sold throughout San Diego County last week, ranking San Diego the Best in the West for occupancy, ADR, and RevPAR.
- That said, compared to previous years, last week’s demand was about 9,000 fewer RNs sold than 2022 and 23,000 fewer than 2019. When looking at total demand among upscale+ properties (which includes most group and business transient demand), last week’s demand was slightly stronger than past years which suggests the total market slump can be attributed to a weakening in leisure demand among midscale and economy properties.
- County occupancy rose to 76.7%, up 2.7 points from the previous week, raising San Diego in the national rankings from 8th to 6th this last week and 1st in the western competitive set. The top three markets in the nation were New York at 82.1%, Nashville at 79.5% and Orlando at 79.3%.
- Within the City of San Diego, properties in the I-15 Corridor had the highest average occupancy at 83.9%, followed by Downtown at 82.7% and Mission Valley at 80.6%.
- The convention center hosted one primary event with 6,900 blocked room nights. Overall, Group demand among upscale+ properties came to 60,975 RNs sold, roughly 10,000 more than the same week in 2022 and nearly 20,000 more than in 2019. Group occupancy averaged 32.0%, peaking on Tuesday at 44.4%, with rates averaging $294, about $40-50 higher than past years.
- Average rates rose by $10 from the previous week to settle at $207 last week. San Diego led the west for the week, with San Francisco close behind at $207, Orange County at $202 and Los Angeles at $200.
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