The battered Bay Area and California hotel sector, already struggling to recover from coronavirus-linked economic ailments, has tumbled into a brutal development slowdown.
SAN JOSE — The hotel industry in the Bay Area and California, already struggling to recuperate from coronavirus-spawned economic maladies, has staggered into a brutal development slowdown, a new report shows.
In Northern California, 21 hotels opened in the first half of 2022, which was down 34.4% from the number of hotels that opened in the first six months of 2021. The newly opened Northern California hotels accounted for 2,828 rooms, down 29.4% from the 4,007 new rooms opened in the first half of 2021, according to Atlas Hospitality’s reports for the two time periods.
In Santa Clara County, seven hotels with 1,155 rooms opened during the first half of the year, making the South Bay the most active county for hotel openings in California so far in 2022, this news organization’s analysis of the Atlas Hospitality report shows. The largest hotel that opened in the Bay Area and all of California in the first half of 2022 was the 299-room Luma Hotel at Mission Bay in San Francisco.
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