Hotels

To account for the calendar shift in the Thanksgiving holiday this year, these two weeks—November 17–23 and November 24–30—are analyzed together. This approach provides a clearer year-over-year comparison by encompassing the full holiday period rather than focusing on a single week. San Diego hotels sold a combined 573,000 room nights over these two weeks, approximately … [Read more...] about Weekly Hotel Performance Update – November 24 – 30, 2024

San Diego Weekly Market Performance Overview Last week, San Diego’s hotel performance remained choppy—a recurring theme throughout much of this year. However, performance showed notable improvement compared to the same week in 2023, bringing us closer to achieving the 2024 room night demand forecast of 17.4 million. As previously noted, November will play a critical role in … [Read more...] about Weekly Hotel Performance Update – November 10 – 16, 2024

Overview: San Diego's hotel market exhibited variability throughout the week, which is normal for this time of year—especially on an election week—with a modest start that improved significantly as the week progressed. Although San Diego dropped in the rankings, the county still ranked within the top 10 among the Top 25 U.S. Markets and 2nd in the Western competitive set across … [Read more...] about Weekly Hotel Performance Update – November 3 – 9, 2024

San Diego County maintained a stable position in 5th place among the Top 25 U.S. Markets and ranked 1st in the Western Competitive Set across all key performance metrics. With October now complete, we are tracking within 10,000 room nights of the 2024 forecast, with the expectation that this November will outperform 2023, when an uncharacteristic slump affected … [Read more...] about Weekly Hotel Performance Update – October 27 – November 2, 2024

Hotel performance continues to bounce around week by week, though last week saw notable gains, making it one of the strongest weeks compared to the same period in 2023. • Occupancy: San Diego’s occupancy rate reached 79.1%, a +7.8% increase year-over-year. San Diego ranked 7th among the top 25 U.S. markets, following leaders New York (92.7%), Boston (89.8%), and Tampa … [Read more...] about Weekly Hotel Performance Update – October 20 – 26, 2024