- San Diego hotel demand has followed the 2019 trend line for the last few weeks with last week’s demand slightly edging out 2019’s by a few thousand room nights. Hotels throughout the county sold a total of 306,886 RNs last week, compared to the 303.3K RNs sold in the same week of 2019 and 298.6K RNs sold in 2022.
- San Diego County averaged 68.0% occupancy through the week, with Sunday starting the week low in the high-40s to mid-50s, and Saturday finishing strong in the mid-to-high 70s for most regions. Among the top 25 markets, San Diego ranked 6th in the nation and 2nd in the west, behind Orange County at 72.9%. The top three markets remain New York (85.9%), Oahu Island (81.4%) and Miami (79.6%).
- Within the City of San Diego, the highest average occupancies were in Mission Bay at 72.5%, followed by UTC at 68.8% and Downtown at 67.1%.
- Group activity was predictably low for the week, with Group occupancy among upscale+ properties registering only 5%, but rates remained robust at $210. The last two weeks of the year generally see Group demand hover below 10K RNs sold per week; last week’s demand came to 9,564 – a few hundred more RNs sold than in the same weeks of 2019 and 2022.
- Total market ADR saw a significant increase w/w, ending the year at $182. San Diego fell into the middle of the pack among western destinations with Orange County averaging $220, Los Angeles at $185 and San Francisco a bit lower at $157.
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