- Hotel performance settled into its seasonal groove as the month of August began. Room night demand, ADR, and occupancy were basically identical to the same week in 2023.
- County properties sold 371,271 room nights, within a few hundred of what was sold in 2023. This is the third week in a row where demand has more or less matched that of 2023, indicating that the appetite to travel to San Diego has not abated over the past year.
- Occupancy averaged 82.2% last week, dropping us a bit in the rankings to 6th place among the top 25 and 2nd in the western comp set. Seattle (87.0%) came out on top among the western markets after hosting a four-day musical festival that drew in a national audience last week.
- The top 3 markets last week were New York (89.3%), Seattle (87.0%), and Oahu (84.8%).
- Within the county, La Jolla led the pack 86.9% even amid an ADR of $418. Close behind was UTC at 86.4% followed by Mission Bay at 85.1%.
- Similar to recent weeks, the weekend was solid. On Friday, nearly every region saw occupancy above 85% (I-15 Corridor being the exception) and occupancy above 90% on Saturday (again, I-15 Corridor being the exception).
- ADR registered $237, just a shade lower than in 2023, ranking us 4th across the country and on top of the western comp.
- Taken together, RevPAR averaged $195, putting us 5th in the nation and 2nd in the west, $1 behind Seattle.
- The convention center hosted the American Association of Nurse Anesthetists bringing a couple thousand room nights. All in, Group demand at upscale+ properties totaled 37,098 at an ADR of $307.
View the complete hotel performance report here.
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