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Weekly Hotel Performance Update – May 19-25, 2024

May 30, 2024 By Kailey Alegria Leave a Comment

  • Hotel performance for the week leading up to Memorial Day weekend started off mild but ended especially strong. Saturday night nearly sold out throughout the county, with the county occupancy rate hitting 96%. All counted, demand totaled 339,796 room nights sold, exactly in line with demand for the same week of last year and 2019.
  • Despite the exceptional finish, county occupancy averaged 75.0% for the week, dropping San Diego in the national rankings among the top 25 markets. San Diego ranked 7th in the nation and 2nd in the west, below Seattle at 80.6%. The top three markets for the week were New York (89.0%), Boston (85.3%) and Seattle.
  • Within the city of San Diego, Mission Valley properties had the highest average occupancy at 77.7%, followed closely by Downtown at 77.2% and UTC at 76.9%.
  • The American Thoracic Society was in the convention center last week, contributing nearly 24,000 RNs to total demand. Overall Group demand totaled 40,936 RNs sold among upscale+ properties, with an average occupancy of 22.4% and rates of $302. This is about 7,000-10,000 fewer RNs sold than the same week of years past but with rates $30-40 higher.
  • Total market ADR rose to $214, edging out STLY by a few dollars and well ahead of other western markets, with Orange County averaging $202 and Seattle at $195.

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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