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Weekly Hotel Performance Update – June 9 – 15, 2024

June 20, 2024 By Kailey Alegria Leave a Comment

  • Hotel performance softened a bit last week after a strong start to the month of June. County properties sold 370,393 room nights, only about 6,000 fewer than the week prior but about 20,000 fewer than the same week in 2023 and 30,000 fewer than the same week in 2019.
  • Occupancy averaged 81.7%, sliding San Diego into 6th place among the top 25 markets (from 4th the week prior) and dislodging San Diego from the top spot into 2nd among the western comp set, behind Seattle (84.2%), which hosted the MPS World Summit last week. The top three markets were New York (88.5%), Boston (85.9%), and Oahu (84.8%).
    • Within the city, hotels along the I-15 Corridor had the highest occupancy at 85.3%, followed by UTC and Pt. Loma – Airport, which tied for 2nd at 84.1%
  • Along with demand, ADR slipped about $10 week-over-week to $222, about $7 cheaper than the same week in 2023.
    • All that said, at $181, San Diego ranked 4th in RevPAR among the top 25 markets and led the western comp set last week.
  • The convention center hosted 2 primary events last week and another event that began on Friday but runs into this week, contributing a shade fewer than 20,000 room nights. Group demand among upscale+ properties totaled 51,999 with an average occupancy of 28.5% and an ADR of $295. That’s about 8,000 fewer Group room nights than the same week in 2023, but ADR jumped by $15 year-over-year.

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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