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Weekly Hotel Performance Update – Mar. 31 – Apr. 6, 2024

April 11, 2024 By Kailey Alegria Leave a Comment

  • San Diego County was graced with warm, sunny weather towards the end of last week, pushing hotel demand upwards ever-so-slightly to 356,994 room nights sold, mirroring the trend seen in the same week in 2019. City of San Diego properties ended the week with nearly 37,000 RNs sold and an occupancy rate of 93% on Saturday.
  • County occupancy averaged 78.8% for the week, ranking San Diego 3rd in the nation, behind New York (84.6%) and Miami (80.9%). San Diego was far ahead other southern California destinations, with Orange County’s occupancy averaging 70.1% and Los Angeles at 69.1% and even came out ahead of Phoenix (77.5%), which hosted the NCAA Final Four national basketball championship.
  • Within the City of San Diego, Mission Bay hotels had the highest average occupancy at 83.7%, followed by Pt. Loma/Airport and Mission Valley hotels, tied at 79.4%.
  • The American Association for Cancer Research moved into the convention center last week, contributing 21,380 contracted room nights to total market demand. Overall, Group demand among upscale+ hotels came to 46,896 RNs sold, well ahead of the 34.4K RNs sold the same week of 2023. Group occupancy averaged 25.7% last week, peaking on Saturday at 40.3%, with average rates of $259.
  • Total market ADR inched up by $5 to reach $207 for the week. San Diego remains wedged between Orange County and Los Angeles, at $210 and $185 respectively.

View the complete hotel performance report here.

Filed Under: Industry Trends, Meetings in San Diego, What's New Tagged With: ADR, data, Hotels, meetings, san diego, travel

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