- San Diego hotel properties sold a total of 353,785 room nights last week, essentially unchanged from the week prior, and remained slightly higher than demand in the same week of 2019 (347K RNs sold).
- County occupancy was flat from the week prior at 78.6% while other markets saw occupancy rise. As a result, San Diego dropped to 7th among top markets, down from 5th the previous week. The top three markets this week were New York (88.5%), Boston (84.5%) and Orange County (83.4%).
- All regions within San Diego County had average occupancy in the high-70s to low-80s, with UTC leading at 83.8% and Mission Valley at 81.8%.
- Despite the Padres’ playoff games against the Dodgers Friday and Saturday nights, Downtown properties did not see a boost in occupancy due to the ticket sales being limited to San Diego residents.
- Though the convention center did not host a primary event last week, there were several single-property events held throughout the county good for nearly 7,000 room nights. In total, there were 64,648 Group RNs sold for the week with an average occupancy of 34.4% among upscale+ properties, peaking on Tuesday at 41.9%. Group rates averaged $271, about $30-40 higher than rates in the same weeks of 2019 and 2021.
- Transient demand among upscale+ properties increased slightly from the previous week to sell a total of 76,684 RNs with an average rate of $300.
- County ADR slipped to $208, down $9 from the previous week, but still $40-50 higher than 2019 and 2021 rates.
Leave a Reply