Last week saw the return of ESRI, one of San Diego’s marquee summer events. Even so, hotel performance was a mixed bag. On one hand, San Diego ranked second among the top 25 markets covered by STR and topped the rest of the western comp set. On the other, county properties sold about 8,000 fewer room nights than the same week last year, spurring a 5% drop in occupancy, all as properties gave up some rate.
July 13 – 19:
- San Diego County sold 409,258 room nights (-1.9% YoY).
- County occupancy has averaged 87.7% (-5.0% YoY).
- Despite the YoY dip, San Diego County ranked 2nd among the top 25 and 1st among the western comp set, edging out Seattle (87.2%; +0.4% YoY).
- The top 3 markets last week were New York (89.6%; -0.2% YoY), San Diego, and Seattle.
- Across the city, the I-15 Corridor led (92.1%; -2.0% YoY), followed by Downtown (91.7%; -4.5% YoY) and UTC (89.1%; -3.9% YoY).
- ADR averaged $265.35 (-5.4% YoY), and RevPAR was $232.83 (-10.1% YoY).
- The Convention Center hosted ESRI, which injected 35,343 room nights into the markets, about 8,000 more than last year.
Upscale+ properties sold 61,501 room nights (+12.3% YoY) at and ADR of 304.53 (+0.5% YoY) and RevPAR of $89.53 (-1.5% YoY).
View the complete hotel performance report here.
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