- Rainy, cooler weather may have put a damper on travel to San Diego last week. San Diego County hotels sold a total of 340,096 room nights, 15,000 fewer than the prior week. Nonetheless, last week marks the seventh consecutive week when San Diego properties sold at least 300,000 rooms, and the more than 1.5 million room nights sold in March puts the region within 3% of the number of rooms sold in March 2019.
- San Diego’s occupancy rate slid 5.7 points from 81.0% to 75.3% this past week, ranking the region 6th in the nation, down from 5th place the preceding week. County hotels ranked 2nd in the western competitive set (unchanged) below Phoenix at 79.9%. The top three markets in the U.S. this week were Tampa, Miami and Phoenix.
- County ADR held steady at $195 for the third week in a row. This ranked San Diego 7th among top markets (up from 8th) and 2nd in the comp set (up from 4th), below Phoenix at $215.
- RevPAR fell by $9 to $147 this week, ranking San Diego 7th in the nation.
- Among upscale properties, group occupancy rose by 1.8 points to 27.3% with an average rate of $248, while transient occupancy decreased by 7.6 points to 42.2% with a higher ADR of $296. For the first time since the recovery took hold, weekly group demand returned to pre-pandemic levels, selling 50,705 room nights this past week compared with 47,717 room nights during the same week in 2019.
- Poor weather suppressed demand along the coastline while properties further inland had higher occupancy rates throughout the week. Saturday night occupancy ranged from 77.5% in Mission Bay to 92.7% in Mission Valley.
- Average room rates remained elevated throughout the week with La Jolla Coastal properties averaging $322, followed by Mission Bay at $267 and Downtown at $240.
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