- Hotel performance saw its share of peaks and valleys last week. Sunday night started off strong as the Memorial Day weekend wound down before a sharp drop on Monday (as expected) then picking back up throughout the week into Saturday.
- On Sunday, Mission Bay hotels were nearly sold out at 95.9% occupancy.
- Tallied up, San Diego County properties sold 317,743 room nights, right on top of where we were during the same week last year and 18,000 more than in 2019.
- Despite the relatively brisk pace in room night sales, occupancy dipped from 75.0% the week prior to 70.1% last week, down 0.9 ppt from the same week last year. That said, San Diego was able to eke out a slight gain in the top 25 rankings from 7th to 6th. In addition, San Diego topped the western comp set last week—again notching one slot higher in the rankings—with Seattle in 2nd at 67.8% and OC ranking 3rd at 66.5%.
- Within the City, Mission Bay led the pack at 75.8% occupancy followed by Del Mar/O’side (74.1%) and UTC (72.2%).
- The Convention Center didn’t host any primary events last week, but total group sales among upscale+ properties came in at 30,601 room nights—about 5,000 fewer than the same week in 2023.
- Group occupancy dropped from 22.4% the week prior to 16.7% last week. However, the rest of the western comp set’s group performance also weakened, bringing San Diego up to 2nd place from 3rd the week prior just behind Phoenix (17.1%). Group ADR stood at $282 last week, up 4.7% from 2023.
- Total market ADR was $198, 3.6% or a little more than $7 lower than last year as travelers sought out deals and promotions.
- Zooming out to the entire Memorial Day weekend (Fri – Sun):
- County properties sold 170,280 room nights, nearly 10,000 more than 2023.
- Occupancy reached 87.7%, up 5.2% from 2023’s 83.3%.
- ADR was $235, matching 2023’s Memorial Day weekend, although RevPAR was $206 this year, a gain of 5.3%, or $10, over last year.
View the complete hotel performance report here.
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