- Travelers haven’t let rising prices derail their travel plans. A total of 335,393 room nights were sold throughout San Diego County this latest week, a slight reduction of about 8,000 from the week prior but right in line with typical seasonal patterns for this time of year and nearly matching the number of rooms sold during the same week in 2019.
- County occupancy decreased to 74.5%, undoing the improvement from the week prior. Last week’s move ranks San Diego 12th among top markets (down from 6th) and 4th in the western competitive set (down from 2nd), behind San Francisco (79.0%), Seattle (76.2%), and Los Angeles (74.9%). New York, San Francisco, and Oahu Island were the top three markets this week.
- Among upscale properties, group occupancy fell from 34.1% to 30.0% last week. At 33.7%, Phoenix reclaimed the top spot among western competitive markets, although group occupancy in San Francisco, Los Angeles, Orange County, and Seattle is yet to break above 20%. About 56,000 group room nights were sold last week, and the four-week average for group room nights is right on par with 2019 levels, highlighting the return of corporate travel to San Diego.
- Daily rates held steady from the week before at $197 but are nearly $30 above 2019. San Diego ranked 7th in the nation (unchanged) and 3rd in the western set (unchanged), below San Francisco ($235) and Los Angeles ($202).
- San Diego RevPAR inched $3 lower to settle at $147, ranking the county 7th among top markets (unchanged).
- Saturday night occupancies ranged from 88.0% in La Jolla to 94.1% in the Pt. Loma/Airport region. Properties located in the City of San Diego averaged 91.7% on Saturday.
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