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Weekly Hotel Performance Update – Jun. 18 – 24, 2023

June 28, 2023 By Julia Buescher Leave a Comment

  • Hotel demand continues to soar throughout San Diego with county hotels selling a total of 374,429 room nights last week, on par with the demand seen in the same week of past years. With such strong demand, San Diego was best in the west for the week in all three major metrics (occupancy, ADR and RevPAR).
  • County occupancy averaged 83.2% with all regions in the mid-to-high 90s on Saturday night. San Diego dropped in national rankings from 2nd place the previous week to 4th but held onto the lead among western destinations. The top three markets for the week were New York (84.7%), Denver (83.4%) and Oahu Island (83.3%).
  • Within the City of San Diego, Mission Valley continues to have the highest average occupancy at 87.1%, followed by Pt. Loma/Airport properties at 84.7% and UTC at 84.2%.
  • The convention center had several events moving in and out of spaces last week, ultimately supplying about 31,000 blocked room nights to total demand. Overall, Group demand came to 59,111 RNs sold with an average occupancy of 31.1%, peaking on Friday at 39.2%, and ADR of $290. Last week’s Group demand exceeded that of 2019 by about 7,000 RNs but was roughly 2,000 short of 2022. Rates were about $60 higher than in 2019 and $26 higher than 2022.
  • Average rates throughout the county have been rising steadily for several weeks, settling at $234 last week (about $50 higher than pre-pandemic rates for this time of year). San Diego had the 4th highest ADR in the nation, ahead of Orange County at $218, San Francisco at $203, Seattle at $201 and Los Angeles at $199.

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

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