- As the summer travel season winds down, hotel demand and average rates are on their annual retreat from July peaks. County hotels sold a total of 371,029 room nights last week, still ahead of 2022 by about 15,000 RNs, but short of the same week in 2019 by 9,000 RNs.
- County occupancy averaged 82.4%, dropping 3.5 points from the previous week. San Diego ranked 5th in the nation and 3rd in the western competitive set, slightly below Los Angeles at 82.6% and Seattle at 82.5%.
- UTC hotels had the highest average occupancy at 86.7%, followed by I-15 Corridor hotels at 85.9% and Mission Valley at 83.3%.
- Average rates fell w/w by $18 to settle at $242 last week but continue to trend ahead of 2022 rates by about $5 and far ahead 2019 rates by $56. San Diego had the 3rd highest ADR in the nation, ahead of Orange County at $224, Los Angeles at $223 and San Francisco at $211.
- The convention center had one primary event move in towards the end of the week, contributing about 5,500 room nights to total demand. Overall, Group demand among upscale+ hotels totaled 47,202 RNs with an average occupancy of 24.7% and rates of $303. Last week’s Group performance was ahead of the same week from recent years, with demand about 3,000 stronger than 2022 and rates more than $20 higher.
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