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Weekly Hotel Performance Update – June 2 – 8, 2024

June 14, 2024 By Kailey Alegria Leave a Comment

  • Hotel performance swung into high gear as the summer season began last week. County properties sold 376,291 room nights, nearly 60,000 more than the week prior, 13,000 more than the same week in 2023, and 27,000 more than the same week in 2019.
  • Occupancy averaged 83.0%, enough to lift San Diego into 4th place among the top 25 markets and 1st among the western comp set, well ahead of the other major California markets. The top three markets last week were New York (91.5%), Boston (84.8%), and Oahu (84.1%).
    • Within the city, Downtown and Pt. Loma – Airport properties tied for the highest occupancy at 86.3% apiece with Mission Bay right on their heels at 86.2%.
  • Stronger demand led to higher ADR, which rose to $232.63, almost $20 higher than the same week in 2023.
  • Room demand was supported in a big way by BIO 2024 International, which was in the convention center from the 3rd until the 6th. That convention alone supplied the market with about 30,000 room nights. All in, Group demand among upscale+ properties totaled 54,511 room nights with an ADR of $309.45.

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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