- As a massive Pacific storm drenched San Diego, county hotel demand inched higher by just 3,000 room nights last week compared to the week prior. County hotels sold a total of 304,582 room nights, falling short of previous years by more than 20,000 RNs.
- Group demand came in stronger than the same week of past years as two smaller groups moved through the convention center. Upscale+ hotels sold 65,270 RNs last week, an increase of about 5,000 over last year, suggesting last week’s total market shortfall continues to come from a slowdown in leisure demand (as expected, with such a rainy start to the year). Group ADR came to $288, a bit higher than the $279 STLY, with an average Group occupancy of 35.8%.
- Total market occupancy averaged 67.5%, peaking on Wednesday at 75.5%, placing San Diego 8th among top markets and 3rd in the western competitive set. The top three markets for the week were Oahu at 82.9%, Miami at 80.9% and Phoenix at 80.3%.
- Within the City of San Diego, Downtown properties had the highest average occupancy at 73.7%, followed by I-15 Corridor at 73.0% and UTC at 71.8%.
- Rates were flat along with demand. ADR came to $194, a tick down from $197 the week prior, and $196 in the same week of last year.
Leave a Reply