- After an uncharacteristic spike the week prior due to strong Group performance, room night demand in San Diego County fell back in line with the trend seen in 2022. San Diego County properties sold 339,043 room nights, about 3,000 fewer than the same week in 2022. For context, for the week prior, Group saw its strongest week in recent history with nearly 80K room nights sold which contributed to the previous week’s strong performance.
- County occupancy decreased 8.6 points from the previous week to average 75.2% last week, dropping San Diego’s national ranking from 4th to 7th. San Diego also lost ground against several other western destinations with San Francisco at 83.2% and Orange County at 76.3%. The top three markets for the week were Boston (84.0%), New York (83.6%) and San Francisco.
- Within the City of San Diego, UTC properties had the highest occupancy at 82.8%, followed by I-15 Corridor hotels at 81.9% and Mission Valley at 78.8%.
- The convention center did not host a primary event last week, but Group demand was still relatively robust with 57,610 room nights sold. Group occupancy averaged 30.1% among upscale+ hotels with rates at $293. Group demand and occupancy were a bit lower than the same week in 2019 and 2022, but rates were about $30-40 higher.
- With the drop in demand countywide, ADR also dipped down to $204, a decrease of $22 w/w and falling back to the 2022 trendline. San Diego had the 7th highest ADR in the nation for the week, again behind San Francisco ($259) and Orange County ($212).
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