- With tropical storm Hilary passing through San Diego County at the start of last week, demand at regional hotels was muted until the end of the week as weather improved. County hotels sold a total of 320,389 room nights, about 23,000 fewer RNs sold than the same week last year and nearly 40,000 below 2019.
- County occupancy averaged 71.1%, 4.5 percentage points lower than the prior week, keeping San Diego towards the middle of the pack among the top 25 markets and the western competitive set. The week began with abnormally low occupancy as the bulk of the storm hit San Diego, but occupancy rose to more regular levels in the high-80s/low-90s by Saturday. The top markets for the week were Oahu Island (84.0%), New York (82.0%) and Boston (80.8%).
- Within the City of San Diego, properties along the I-15 corridor had the highest average occupancy at 75.6%, followed by UTC at 74.1%, and Mission Valley at 73.6%.
- The convention center had one smaller event last week with 5,925 blocked room nights and about 5,000 attendees. Overall, Group demand registered 41,660 RNs at upscale+ properties with average occupancy of 21.8% and rates at $281. Last week’s demand was on par with the same week in both 2019 and 2022, but rates persist at $30-35 higher.
- County room rates remain resilient despite the slowing RN demand, keeping San Diego ahead of other western destinations. ADR was $213 last week, about $9 less than the previous week but consistent with the 2022 rate. San Diego ranked 4th in the nation, below Oahu, New York and Boston.
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