- San Diego County hotel demand has held firm these last few weeks with demand fluctuating by only a few thousand room nights week over week. Last week’s demand came to 347,385 RNs sold, roughly equal to the demand of the same week last year, but about 20K RNs short of 2019.
- County occupancy averaged 76.7% for the week with peaks on Tuesday (80.0%) and Saturday (84.2%) nights. San Diego ranked 6th in the nation and 2nd in the western competitive set, slightly below Phoenix at 78.3%. The top three markets were New York (87.3%), Washington DC (80.1%) and Miami (78.6%).
- Within the City of San Diego, Downtown hotels had the highest occupancy at 83.1%, followed closely by Mission Valley at 82.2% and Pt. Loma/Airport hotels at 81.8%.
- The Society for Hospital Medicine finished their program at the convention center last week contributing about 2,000 contracted room nights to total demand, but most of the Group demand for the week came from single property events such as the FICO program at the Marquis (good for 4,725 contracted RNs). Overall, Group demand totaled 55,283 RNs sold with an average occupancy of 30.3% and rates at $296. Last week’s Group demand beat the same week in 2019 and 2022, but fell short of the 61K RNs sold same week last year.
- Total market ADR dropped by $12 w/w to land at $204 last week. San Diego had the highest ADR in the west, ahead of Los Angeles at $199 and San Francisco at $196.
View the complete hotel performance report here.
Leave a Reply