- San Diego County hotel demand has been incredibly steady since mid-February, with county hotels selling a total of 340,119 room nights last week – in line with weekly demand for most of 2023. Despite the consistency, weekly room nights have lagged 2019 and 2022 in recent weeks amid softer leisure demand as the region deals with months of unseasonably cool weather and possibly reflecting heightened financial and economic concerns among U.S. households.
- County occupancy averaged 75.8% last week, down 0.9 point from the week prior, ranking San Diego 7th in the nation and 3rd in the western competitive set, below San Francisco at 81.1% and Phoenix at 75.8%. The top three markets last week were New York (87.8%), San Francisco (81.1%) and Nashville (79.7%).
- Within the City of San Diego, Downtown properties had the highest occupancy at 80.8%, followed closely by UTC at 80.1% and Mission Valley at 79.7%.
- The convention center hosted a moderately-sized event during the week with about 18,000 blocked room nights and roughly 120,000 attendees. Overall, Group demand came to 65,082 room nights sold at upscale+ properties with an average occupancy of 34.2%, peaking on Wednesday at 42.6%, with an average rate of $283. Last week’s Group demand was about 10,000 RNs stronger than the same week in 2019, but roughly 4,000 fewer than in 2022.
- San Diego ADR remained in line with other southern California destinations last week. County rates averaged $203, matching Orange County, and slightly ahead of Los Angeles’ $201. San Francisco had the highest ADR in the nation last week at $303.
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