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Weekly Hotel Performance Update – May 12-18, 2024

May 23, 2024 By Kailey Alegria Leave a Comment

  • San Diego County hotel demand normalized last week after the RIMS convention significantly boosted demand the week prior. Properties sold 338,652 room nights last week, nearly matching demand for the same week in 2019 and about 15,000 more than the same week in 2023.
  • Occupancy averaged 74.7%, lowering San Diego in the national rankings from 5th to 8th place. The top three markets last week were New York (91.0%), Boston (86.2%), and Washington DC (84.0%).
    • San Diego notched lower from 2nd to 3rd among the western comp set behind Seattle (79.4%) and San Francisco (77.5%).
  • Within the City of San Diego, properties along the I-15 corridor fared best at 83.6% occupancy, followed by UTC (80.2%) and Pt. Loma – Airport (77.5%).
  • The American Thoracic Society was in the convention center last week, providing about 14,000 room nights. All in, upscale+ properties sold 56,849 group room nights last week, 8,000 more than the same week in 2023.
    • Group occupancy averaged 31.1% last week with ADR at $286.
  • Total market ADR fell $8 w/w to $202, ranking San Diego 6th among the top 25 markets. That said, ADR remained $7 higher than the same week last year.
    • Among the western comp set, San Diego came in 2nd behind San Francisco ($213) while edging out OC ($197) and LA ($194).

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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