- San Diego County hotels continue to follow shoulder-season trends with a slight drop in room night demand week over week and average rates following suit. County hotels sold a total of 331,091 room nights last week, a drop of nearly 20,000 RNs from the previous week but perfectly in-line with past years; the same week of 2022 sold 337K RNs and 2019 sold 349K.
- County occupancy averaged 73.3% last week with peaks during mid-week for many regions. UTC-area hotels had their highest occupancy on Tuesday at 92.7%, as well as Downtown at 90% and I-15 Corridor at 89%. Overall, San Diego dropped in national ranking to place 9th last week. The top three markets were New York at 89.9%, Boston at 85.5% and Nashville at 78%. It was another tightly packed week for the western comp set with San Francisco and Phoenix each tying San Diego at 73.3% occupancy; Los Angeles led at 76.6% while Seattle trailed at 69.8%.
- The convention center had two groups move in and out over the course of the week, contributing roughly 15,000 RNs to total demand. All counted, Group demand came to 65,571 RNs sold with an average occupancy of 34.3% and rates of $281. Last week’s demand was slightly below that of the same week in 2019 and 2022.
- County ADR has been mirroring the trend seen in 2022 for several weeks now. Last week’s ADR was $200, dipping at the same pace as last year’s average rates. Los Angeles and Orange County averaged a bit higher last week, each at $207.
View the complete hotel performance report here.