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
ADR
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
Weekly Hotel Performance Update – July 3 to July 9, 2022
Hotel room demand continues to follow historic seasonal patterns for this time of year. San Diego remains highly competitive, with the second-highest occupancy, ADR, and RevPAR across the Top 25 markets and ranking first among the western competitive set for the week spanning July 3rd to 9th.For the week that included the 4th of July holiday, San Diego properties sold a total … [Read more...] about Weekly Hotel Performance Update – July 3 to July 9, 2022
Weekly Hotel Performance Update – June 26 to July 2, 2022
For the week leading up to the Fourth of July holiday weekend, total room night demand registered 368,733 room nights sold, a decline of roughly 17,000 room nights from the week prior. This trend is not cause for alarm, however; hotel demand typically softens modestly leading up to the Fourth of July holiday but quickly rebounds thereafter.County occupancy retracted 3.7 points … [Read more...] about Weekly Hotel Performance Update – June 26 to July 2, 2022