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Weekly Hotel Performance Update – July 28-August 3, 2024

August 9, 2024 By Abbie Lee Leave a Comment

  • San Diego’s hotel performance returned to normal seasonal patterns last week after an eventful Comic-Con weekend that saw every region in the county nearly sold out.
  • County properties sold 387,819 room nights last week, essentially matching room night production during the same week in 2023 and 2019.
  • Occupancy averaged 85.8%, down from the previous week’s 88.2%. Even so, San Diego gained a spot in the top 25 rankings to 3rd place and 1st in the western comp set ahead of Seattle (83.4%).
    • The top 3 markets last week were Oahu (88.1%), New York (87.3%), and San Diego.
    • In the city, occupancy ranged from the mid-80s to the low-90s. Mission Bay continued to lead at 90.2% with Pt. Loma – Airport (90.1%) right behind. La Jolla came in 3rd at 88.6% even amid an ADR of $428.
    • Similar to Comic-Con weekend, hotels throughout the region were near sold out. La Jolla was 98.7% occupied on Saturday night, followed by Downtown (98.3%) and I-15 Corridor (98.2%).
  • ADR averaged $254, about $6 cheaper than in 2023. RevPAR averaged $218, placing San Diego 3rd among the top 25 and first in the western comp set.
  • The convention center hosted a couple of smaller events last week: The American Association of Nurse Anesthetists and Avid Center, contributing a few thousand room nights. Group demand at upscale+ properties totaled 42,144 at an ADR of $296.

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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