- Room night demand rose considerably this week, adding more than 42,000 room nights from week before to total 323,406 room nights sold. This strengthening in demand brings the county closer to 2019 levels, when San Diego sold 332K room nights during the same week.
- County occupancy averaged 72.7%, ranking San Diego 4th in the nation and 2nd in the western competitive set. The top three spots went to Phoenix (76.5%), New York (74.1%) and Miami (73.5%).
- Daily rates averaged $174 for the week, $6 higher than the week prior and ranking San Diego 6th among top markets and 2nd in the western competitive set, below Los Angeles ($182). This week’s ADR is $14 higher than in 2019 and $59 higher than 2020.
- RevPAR rose substantially to $127 this week, $21 more than week prior and ranking San Diego 5th among top markets.
- Among upscale properties, group occupancy nearly doubled from the week prior, reaching 32.5%, a value not seen since early 2020 before the industry shut down. Transient occupancy remained relatively unchanged from last week, at 36.5%. ADR for both group and transient sectors remains strong at $236 and $265, respectively.
- An unseasonable heatwave hit San Diego last week, pushing temperatures 10-20 degrees higher than usual over the weekend. As a result, residents and visitors alike flocked to coastal region hotels causing occupancies to surpass 90% throughout most of the county for both Friday and Saturday night. The highest occupancy for the week was 93.8% on Saturday at UTC area properties.
- The highest average rates for the week were at La Jolla Coastal properties at $268, followed by Downtown at $216 and Mission Bay at $215.
Leave a Reply