San Francisco Hotels Struggle as Revenue Declines and Foreclosures Loom
newscatcher
2023-06-18 16:35
San Francisco Hotels Struggle as Revenue Declines and Foreclosures Loom
The hospitality industry in San Francisco is experiencing a notable setback as hotels in the city struggle to recover from the impact of the pandemic. According to a report by the Wall Street Journal, hotels in San Francisco are lagging behind their counterparts in comparable cities. In April, the revenue per available room was 23 percent lower compared to the same period in 2019, while hotels in New York City and Los Angeles have managed to surpass their pre-pandemic metrics. The challenges faced by San Francisco's hotel industry are further highlighted by recent foreclosures and potential future foreclosures.

https://www.shockya.com/news/2023/06/18/san-francisco-hotels-struggle-as-revenue-declines-and-foreclosures-loom/

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