San Diego hotel demand declined for the second week in a row as the summer leisure travel season begins to slow. County hotels sold a total of 356,135 room nights this last week, roughly equal to the number of RNs sold in the same week of 2021 but 24,000 RNs less than in 2019. Nearly all of the decline from 2019 can be attributed to the leisure market, which has carried San … [Read more...] about Weekly Hotel Performance Update – August 7 – 13, 2022
ADR
Weekly Hotel Performance Update – July 31 to August 6, 2022
San Diego hotel demand decreased from the week prior by 16,000 RNs to settle at 377,484 room nights sold last week. This is almost identical to the number of room nights sold in the same week of 2021 but roughly 9,000 fewer than the same week in 2019. As a result, average occupancy declined by 3.6 percentage points to 83.8% last week, ranking San Diego 3rd in the nation (down … [Read more...] about Weekly Hotel Performance Update – July 31 to August 6, 2022
Weekly Hotel Performance Update – July 24 to July 30, 2022
San Diego hotels ended July on a strong note, ranking 1st in occupancy and 2nd in ADR and RevPAR among the Top 25 U.S. destinations this week, behind only Oahu Island.Room night demand increased slightly from the previous week, with hotels selling a total of 393,636 RNs throughout the county. Average occupancy was 87.4% for the week, up 0.3 points week over week, 6.4 points … [Read more...] about Weekly Hotel Performance Update – July 24 to July 30, 2022
Weekly Hotel Performance Update – July 17 to July 23, 2022
Following the ESRI convention during the week of July 10 – 16, the San Diego Convention Center welcomed back another marquee event, Comic-Con International, during the week of July 17 – 23. Group occupancy among upscale+ properties averaged 37.3% for the week and climbed as high as 48.8% on Thursday night, which marked the start of the event. Group room night demand was roughly … [Read more...] about Weekly Hotel Performance Update – July 17 to July 23, 2022
Weekly Hotel Performance Update – July 10 to July 16, 2022
The San Diego Convention Center welcomed back one of its largest events last week, ESRI, with an estimated 30,000 blocked room nights spread over four nights. As a result, Group occupancy among upscale+ properties averaged 33.2% for the week with an ADR of $276. Compared to the same week in 2019, group demand was roughly 15,000 room nights stronger this year with an average … [Read more...] about Weekly Hotel Performance Update – July 10 to July 16, 2022