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Weekly Hotel Performance Update – September 22 – 28, 2024

October 3, 2024 By SDTA Staff Leave a Comment

  • Occupancy: 82.2% (3rd overall), up 9.2% year-over-year. San Diego ranked #3 among the top 25 U.S. markets and #1 in the western competitive set.
    • Top 3 markets: New York (93.2%), Boston (88.0%), San Diego (82.2%)
    • Local performance: UTC led with 87.1% occupancy, followed by La Jolla (85.9%) and Mission Valley (85.5%).
  • ADR: The average daily rate was $236, an increase of $32 year-over-year (4th overall).
  • Room Nights Sold: 370,257 room nights were sold, up by 12,624 from the previous week and by 31,314 compared to the same week in 2023.
  • Convention Activity: The American Society of Plastic Surgeons was in the convention center last week, contributing around 9.5K room nights. Upscale+ properties sold 78,119 Group room nights, 20.5K more than in 2023.

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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