- For the week leading up to the Memorial Day holiday, hotels in San Diego County saw a marked increase of 11,000 room nights sold with occupancy reaching 95% on Saturday in some regions. The rise in demand resulted with San Diego being the western leader in occupancy, ADR and RevPAR for the week.
- Hotels throughout the county sold a total of 335,801 room nights last week, perfectly in line with demand during the same week in 2022 and 2018 but about 8,000 fewer than in 2019.
- County occupancy rose by 2.5 points week over week to average 74.6% last week, ranking San Diego 1st in the west leading into the holiday weekend and 6th in the nation, up from 10th place the week prior. The top three markets for the week were New York (85.7%), Boston (83.2%) and Oahu Island (80.1%).
- Within the City of San Diego, Downtown properties had the highest average occupancy for the week at 79.9%, followed by Mission Valley at 77.9% and I-15 Corridor at 77.0%.
- The convention center hosted one moderately sized primary event through the week with 20,450 blocked room nights. Overall, Group demand totaled 47,790 RNs sold with average occupancy of 25.1%, peaking on Monday at 40.6%, with average rates of $272. Group demand was about 3,000 RNs softer than the same week of 2019 and 2022, though current rates are about $10-25 higher.
- San Diego had the 4th highest ADR in the nation at $209.43, followed closely by San Francisco at $209.37. Last week’s rate was just shy of the $215 average from the same week in 2022, but considerably higher than the $174 average paid in 2019.
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