- The San Diego lodging sector has settled into its post-Summer seasonal groove in recent weeks. For the week ended October 14, San Diego County properties sold 341,571 room nights, roughly on par with 2019 but about 13,000 fewer than in 2022.
- Occupancy averaged 75.8% for the week, placing San Diego 7th among the top 25 (down from 3rd the week prior) and 3rd in the western comp set (down from 1st) behind Orange County (80.1%) and Los Angeles (77.8%).
- Across the county occupancy was led by the I-15 Corridor at 78.6%, followed by Mission Bay (78.1%), and La Jolla Coastal properties (77.7%).
- As usual, occupancy peaked across all regions on Saturday, ranging from 83.8% in La Jolla to 94.6% Downtown.
- Countywide, hotels charged an average of $212 per night, down significantly from July’s $286 but only about $7 less than during the same week in 2022 as the region heads into the shoulder season. ADR was 6th among the top 25 and 3rd in the western comp set, trailing Orange County and San Francisco, both at $223 last week.
- Regionally, La Jolla properties commanded an average of $349 per night; Downtown was a distant second at $265, followed by Mission Bay where room prices averaged $252 per night.
- The same three regions topped the list in terms of RevPAR but in a slightly different order; La Jolla still led at $271, but Mission Bay took the second spot at $197, edging out Downtown at $195.
- Group keeps coming in hot, with 65,102 room nights sold at Upscale+ properties, enough to register a 34.1% occupancy rate that easily beat the rest of our western comp set. Phoenix was a distant second at 29.8% followed by Seattle at 23.3%.
- Group ADR averaged $294, second in the western comp set behind San Francisco’s $316. Last week’s Group rate was $24 higher than in 2022 and $60 higher than in 2019.
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