- San Diego’s hotel market continued to ease into its autumn groove last week, mirroring the performance seen in 2023.
- Countywide, properties sold 312,677 room nights, almost exactly matching the volumes seen during the same week in 2023 and 2019.
- Occupancy averaged 69.2% last week, just a shade (0.8%) lower than in 2023. However, given that room night demand was essentially unchanged year-over-year, the loss in occupancy stems from a slight uptick in supply.
- San Diego ranked 4th among the top 25 and 2nd in the western comp set behind Seattle (71.3%). The top 3 markets last week were New York (86.4%), Seattle, and Oahu (70.5%).
- Within the city, Mission Bay continued to lead the pack at 73.6% occupancy followed by the I-15 Corridor (73.0%) and Mission Valley (69.8%).
- Even though Seattle beat us out in weeklong average occupancy, San Diego led the western comp set in occupancy on Sunday (the night before Labor Day), as well as Thursday, Friday, and Saturday nights. It was a weekday slump, which is typical immediately following a holiday weekend, that pulled San Diego’s average lower for the week. Only the I-15 Corridor showed a bump in occupancy during the week.
- ADR averaged $200, matching the rate charged in 2023.
- The convention center hosted the International Association for the Study of Lung Cancer, contributing about 5,800 room nights last week. Tallied up, upscale+ properties sold 34,216 Group room nights, about 5,000 fewer than the same week last year. Group ADR was $287, a 7% year-over-year increase.
View the complete hotel performance report here.
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